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Fantom's (FTM) price action is observing some resistance in its uptrend, with the potential for further decline.

Michael Kong, CEO of Fantom Foundation, has unveiled the highly anticipated launch of Sonic, a groundbreaking blockchain technology that promises unparalleled scalability and security. With plans to create a shared sequencer for L1 and L2 chains and introduce simplified staking and liquid staking support, the Fantom team is poised to revolutionize the world of blockchain.

A tip-off from the metrics and indicators suggest that FTM may decline despite bullish sentiment.

One of the fundamental aspects influencing FTM's price dynamics is its supply dynamics. In recent days, there has been a noticeable shift in the distribution of FTM among traders, with a decreasing supply in the hands of short-term traders and an increasing accumulation by mid-term and long-term holders.

Sonic upgrade promises 2,000 TPS boost and improved DeFi for Fantom users.

Binance, the world's largest crypto brokerage by trading volume, has announced its plans to list new trading pairs for two of the most popular meme coins, BONK and FLOKI. As revealed by the trading platform, the BONK/USDC and FLOKI/USDC pairs will go live for trading on March 27 if liquidity conditions permit.

Sonic will be used to build a new best-in-class shared sequencer for L1 and L2 chains that can process over 180 million daily transactions with real, sub-second confirmation times.

Binance the world's leading cryptocurrency exchange, has announced the introduction of several new trading pairs and bot services. The decision is taken in a bid to enhance the trading experience for its users.

TL;DR Fantom announces the launch of its Sonic technology in response to the scalability challenges faced by the Opera network. Sonic can process up to 2,000 TPS with sub-second finality. Fantom plans to create a new shared sequencer for L1 and L2 chains, capable of processing over 180 million daily transactions.

Fantom is set to introduce Sonic. This is a platform designed to elevate transaction processing capabilities to 2,000 transactions per second (TPS) with sub-second finality.

On March 25th, Fantom Foundation CEO Michael Kong unveiled plans for the upcoming release of Sonic, a groundbreaking advancement set to revolutionize the blockchain landscape.

Currently, FTM is trading at $1.15, up 4.63%, with a market cap of $3.22 billion. Daily trading volume has surged by 80% to $535 million.

Fantom's native cryptocurrency FTM registered a strong rally on Monday, March 25, with its price gaining 20% all the way to $1.22. This development comes as Fantom unveils Fantom Sonic for scalability improvement of the platform.

Fantom's Sonic release, targeting 2,000 transactions per second with sub-second finality, is expected to debut in late summer or early fall.

The dwindling supply of FTM among traders over the last few days signals a noticeable shift towards accumulation by mid-term and long-term holders, suggesting a strengthened belief in FTM's future prospects.

Bitcoin bulls attempt to establish control over BTC price, a move that could benefit DOGE, TON, STX and FTM.

Here is how some of your favorite assets concluded the week.

The OBV raced upward to highlight the dominance of buyers. Trading volume was also high.

The crypto markets are consolidating as the Bitcoin price remains stuck within a narrow range. After securing the levels at $64,000, now the token is looking for a bullish close above $65,000, which could intensify the markets on the whole.

After Bitcoin's record-breaking all-time high (ATH), the price of the cryptocurrency market saw a notable correction in its value, causing the top altcoins to reflect this same. In the meantime, many altcoins with sluggish surges looking to explode soon.

Layer 1 blockchain Fantom's native token FTM has gained over 190% in four weeks, becoming the best-performing non-meme cryptocurrency among the top 100 digital assets by market value. Is Fantom's impending Sonic upgrade the catalyst for the spike in FTM?

Fantom price forecast: FTM has recently witnessed an uptick in its market performance, showcasing a bullish trend. In the latest 24-hour trading window, FTM has stood out among the top 100 cryptocurrencies.

Fantom (FTM) price is in the midst of forming a bullish pattern but despite the rally, it is observing bearish signals.

With the popular smart contract platform announcing a network upgrade, multiple Fantom price predictions have sprouted.