Fantom price analysis: Bulls push FTM to all-time high of $1.6, time to book profits?

TL;DR Breakdown Fantom price analysis shows FTM bulls rally extremely high to $1.60.The breakout of 30th August 2021 proved way too enforcing.Traders may start booking profits. Fantom price analysis is showing a whopping price increase. The FTM/USD pair is trading between $1.54-$1.74 today and is at $1.60 at the time of writing. During the last 24 hours, Ftm/USD pair price increased by 28 percent, proving an auspicious day for intraday traders. The price of FTM has surged around 102 percent during the last week alone, proving its nicknamed rightly as Ethereum killer. Most of the altcoins were on the rise during the week, but FTM is the top performer, making it the 40th largest cryptocurrency. The Korean-based Fantom is a decentralized and open-source blockchain for decentralized apps, and digital assets and recent collaborations seem to be the trigger behind the current price surge. The incredible increase in price came after FTM bypassed the psychological mark of $0.58 last week. FTM/USD 1-day price chart: FTM bullish march to unlock new gains The 24-hour Fantom price analysis chart shows a massive increment in price when FTM went from $1.39 to $1.6, gaining 29 percent of value in one day. The strong bullish momentum is achieving new heights as more and more buyers are coming in for investment. The demand for crypto is increasing since mid of July 2021, and since then, FTM has been gaining value. FTM/USD 1-day price chart. S...