Why did Fantom (FTM) and NEIRO prices rally in January 2025? What do technical analyses reveal about this price surge? Here’s a detailed breakdown:
FTM Coin Makes Headlines with a Double-Digit Rally
Fantom (FTM) is showing signs of recovery following a downturn across the broader market. The altcoin surged by 23.88% in a single day, breaking past the $0.83 resistance level. The previous downtrend had negatively impacted investors, many of whom sold at a loss. However, recent data indicates the downtrend might be over.
In the past 48 hours, the supply of Fantom on exchanges increased by 37 million tokens, leading to $31 million worth of sales. This reflects a lack of investor confidence in FTM’s short-term potential. Nonetheless, the recent price surge is likely to shift market sentiment positively.
In the last 24 hours, FTM held above the critical support level of $0.83, trading at $0.84. Maintaining this support is crucial for recovering the 52% loss experienced in the second half of December 2024. If FTM consolidates at this level and moves upwards, it could target $1.03 as support, restoring investor confidence. Conversely, a close below $0.83 would invalidate short-term bullish expectations. In this scenario, FTM’s price may retreat to $0.76 or even face a risk of decline toward $0.66. Without sustained momentum, Fantom may encounter further losses.
The sudden rise in Fantom’s price is attributed to reduced selling pressure and regained market confidence. However, it’s crucial for investors to monitor whether the $0.83 level holds. The upcoming weeks will be vital in determining whether FTM sustains its position at critical levels.
NEIRO Targets $0.0031
Ethereum-based token NEIRO has risen by nearly 10% over the past week, drawing significant attention from investors. This upward trend is supported by a noticeable increase in the duration coins are held in wallets, along with heavy accumulation by whales. This trend reflects rising investor confidence in NEIRO and optimistic expectations for its future performance.
Evaluations of NEIRO’s on-chain activity highlight that the average holding duration of its coins increased by 80% in the past week. This metric measures how long coins remain in wallets before being sold or transferred. Longer holding durations suggest reduced selling and stronger retention, indicating growing investor trust and a more positive market sentiment.
Whales have significantly expanded their positions in NEIRO over the past week. Data reveals a 35% increase in net inflows, signaling that large addresses holding over 0.1% of the circulating supply are accumulating rather than selling. This supports an optimistic outlook for the asset’s future price performance.
NEIRO is currently trading at $0.0010. Increased holding durations and whale accumulation could push the price above the $0.0011 resistance level, potentially bringing the altcoin closer to its all-time high of $0.0031. However, if investors start taking profits or whales offload their holdings, this bullish scenario could be invalidated. In such a case, NEIRO’s price might decline to $0.00053.
