🦈 Comparing Turnover Rate of Two Price Peak of $FTM to Predict the Future Price

By Candlestick | Candlestick | 24 May 2022

$FTM pumps 14% in 24h.

We found some differences when comparing the 2 uptrends over the last 3d ($0.39 & $0.467).

Net Buy Amount
- $0.39: Net buy recorded a spike at 4 pm
- $0.467: Net buy was much lower than before

Trading Volume with Size Distribution
- $0.39: A significant vol surge of 260% at 4 pm supported $FTM broke $0.39 to $0.44.
- $0.467: Vol at 6 am surged 144% but was relatively smaller than the vol ahead.

$FTM Turnover Rate
- $0.39: Recorded a peak
- $0.467: Turnover didn't hit a new high when $FTM moved higher. Trading activity has not increased significantly.

Hence, $0.467 price peak is not as strong as the previous $0.39.

Resources

https://www.candlestick.io/crypto/fantom/

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