As recent bull market sentiment begins to show its cracks and Bitcoin takes a tumble, layer-1 altcoins appear among the most resilient, with Avalanche, Polkadot, and Fantom as standouts. The post Layer 1 Altcoins Immune to Bitcoin Dip: AVAX, DOT and FTM Price Surge Despite Red Market appeared first on Cryptonews.

Fantom (FTM) price has been on an impressive bullish run, gaining significant traction in recent weeks. In November alone, the cryptocurrency surged by 47.36%, marking its highest level in over eight months. As the Fantom price broke through critical resistance levels, it reached the $1 mark, with some analysts predicting further upside toward $1.

Fantom's impressive November rally has brought attention to critical price levels. With a surge in MVRV ratio and a breakout from technical patterns, key resistance levels could determine the next phase for FTM.

Story Highlights The FTM price retests the $1 mark and has soared 47.36% this month. The technical indicators record a potential bullish reversal. Increased buying pressure could push the price beyond the $1 mark. The Fantom token has achieved an 8-month high with its recent price surge.

An MVRV ratio of 1.59 shows that Fantom is fairly priced, but a break above 2 could make it overvalued.

Despite the sudden increase in volatility in the crypto market, as Bitcoin struggles to eclipse the $100,000 barrier, the altcoins are sustaining a bullish trend. The FTM price has increased nearly 35% over the past 7 days and has reached a market cap of $2.7 billion.

Fantom surges 20%, breaking out of consolidation and eyeing major resistance at $1.14.

Fantom (FTM) has been moving through a volatile price cycle recently, despite the broader cryptocurrency market's continued uptrend. Over the past two days, FTM experienced a significant 14% drop, drawing attention from traders and analysts alike.

FTM is approaching a key support level at $0.609 after a 14% decline.

Fantom (FTM) is showing promising signs of a breakout, driven by strong technical indicators and favorable on-chain metrics. However, while these signals suggest potential upside, there are still cautionary signs in the data that may affect the sustainability of the rally.

Bitcoin (BTC) hit $90,000 for a brief, fleeting moment before dropping back to mid-$ $89,000. The crypto markets have declined over the past 24 hours as the ongoing bull run took a breather, with most major cryptocurrencies in the red over the past 24 hours.

Fantom (FTM) may be nearing a breakout as technical and on-chain signals align with each other.

Fantom (FTM) has been demonstrating strong signs of growth, with key metrics suggesting that the altcoin could be poised for a significant price movement. Recently, Fantom's long-to-short ratio crossed above 1.07, signaling a notable bullish sentiment among traders.

The altcoins long/short ratio has crossed above 1.07, indicating a clear bullish bias among traders.

Bitcoin (BTC) has rocketed by almost 10% in the past 24 hours and has just set a new all-time high of $74,730, as Republican candidate Donald Trump took an early lead in the presidential elections.

The crypto market swung low, which might be the last big discount before a parabolic run. Reflecting bearish sentiment, the underwhelming performance of Arbitrum (ARB) continues. However, DTX Exchange (DTX), a new exchange-based token, has defied the broader market trend by exploding in presale. It has raised over $6.

Fantom's price is currently on a positive trajectory, experiencing a notable rally that has seen it rise by 6.31% in the last 24 hours, trading at $0.6786. With a market cap of $1.90 billion and a 24-hour trading volume surge of 68.26% to $142.91 million, the altcoin is capturing attention.

Bitcoin (BTC) touched $71,000 earlier today as it inches toward record highs. BTC hit $70,000 for the first time since late July and peaked at $71,460 before declining back to $71,000.

Fantom's price rally gained momentum, holding key levels amid bullish technical signals.

Fantom (FTM) is making headlines in the cryptocurrency market as whale activity reaches its highest level in a year. This spike in large transactions, coupled with bullish technical indicators, has led to discussions about whether FTM is positioned for a significant price rally, potentially rising by 20%.

Fantom (FTM) registered a remarkable performance over the past 24 hours, attempting to break above a crucial horizontal level. Some market watchers forecasted a 345% surge before the year's end but set the key levels to reclaim before FTM's new all-time high (ATH).

Fantom's Funding Rates have increased to a weekly high, suggesting that more traders are taking long positions.

Although Fantom (FTM) ‘s price has increased by 20% in the last 30 days, the altcoin's value could move higher. This prediction is based on the large-scale accumulation it has faced in recent times.

A widely followed crypto strategist believes one under-the-radar Ethereum (ETH) challenger will hit his massive price target this cycle. Pseudonymous trader Rager tells his 199,100 followers on the social media platform X that he's bullish on layer-1 protocol Fantom (FTM). Rager shares a chart suggesting that FTM will hit his price target of $3.

Fantom (FTM) has been in the spotlight recently, celebrating a notable 14% gain over the past week. After climbing from approximately $0.66 on October 13 to around $0.78 by October 15, the cryptocurrency has captured the attention of traders and investors alike.

The Fantom (FTM) price has recently shown promising growth, but questions remain about how long this uptrend can last. Despite the initial surge, key indicators are starting to hint at a potential weakening of momentum.

A closely followed crypto analyst and trader believe that one red-hot Solana (SOL)-based memecoin may have even more upside potential after putting up huge gains in the last week.

FTM is trading at approximately $0.76 after a robust 9% increase in just a single day. This upward momentum can be attributed to a combination of factors, including the liquidation of short sellers and a notable rise in transactions by whale investors.

Polkadot (DOT) has seen a remarkable resurgence in the cryptocurrency market over the past week, prompting many analysts and investors to speculate about its future trajectory. After reaching a low of $3.90, DOT has rallied impressively, experiencing a surge of 12.82% recently.

Sonic Labs, the team behind the Sonic blockchain formerly known as Fantom, has released an ambitious litepaper that details technological advances and a new token distribution mechanism.

Fantom (FTM) has recorded impressive price actions over the past few sessions, gaining 8% and 55% on its weekly and monthly charts, respectively. While enhanced broad market sentiments amidst the Uptober narrative fueled the uptrends, whale activity and short seller liquidations extended FTM's rally.

FTM transactions exceeding $100,000 have jumped 1,000% from 4.38M to 50.78M.

Polkadot has experienced a significant comeback over the past week, leaving analysts eyeing a 357.67% rally to $20.

As the altcoin market makes a comeback, with Bitcoin momentarily crossing above the $66,000 level, Polkadot and Fantom are gaining momentum. FTM and DOT are ranking among the top performers with a breakout and a trend reversal rally.

Polkadot's native token, (DOT), may be positioning itself for a major breakout, following a similar price trend seen in Fantom. However, Popular crypto analyst Ali Martinez suggests that if this trend holds, Polkadot could first rally to $9.7. After a brief pullback to $6.7, Martinez suggests DOT could even break out to an impressive $20.

AI-related cryptos are seeing a surge of interest in today's session as buying activity heats up.

The intense bullishness in September has given way to a milder, range-bound price action.

The crypto market has witnessed mixed price actions over the past few sessions, leading to considerable investor speculation. Bitcoin (BTC) continued to trade below $61,000 and registered a marginal drop over the past 24 hours.

Fantom (FTM) has been making headlines in the cryptocurrency world lately, as it has broken out of a descending price channel and is now trading at approximately $0.6721, marking a notable 3.15% increase. This surge has generated discussions among investors and analysts alike, with many wondering if this bullish momentum can propel FTM to new all-time highs.

Two DeFi tokens—Fantom (FTM) and Conflux (CFX)—are gearing up for a potential breakout. With their current price trends at critical junctions, investors are keenly watching to see if these tokens can sustain their momentum and potentially hit the $1 mark in the near future.

FTM, TRX, and APT show gains, while analysts project a long-term bullish outlook for BTC.

FTM's breakout shows strong momentum, supported by bullish technical and on-chain indicators.

The altcoin space has remained calm in the recent past, with most projects signaling imminent bullish breakout after consolidating in the past seven months. The crypto cash rotation will be favoring the altcoins in the near term after Bitcoin's (BTC) price dominated the past year.

When/if Bitcoin ($BTC) makes its next upside move, some of the more fundamentally sound altcoins have the potential to outperform. Binance Coin ($BNB), Fantom ($FTM) and THORchain ($RUNE) are among them.

Fantom (FTM) price has seen a remarkable rally in the last 30 days, surging 68% and sparking speculation of the token's return to $1. However, despite this impressive performance, on-chain data suggest that the run toward this milestone is far from guaranteed.

Amid the minor pullback in the top altcoins, Fantom and Conflux DeFi Tokens are preparing for the next bullish stage. With ongoing recovery runs, the FTM and CFX price trends are at crucial “Make it or Break it” junctions.

This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, which was originally published in Q1 2024, writer Gaz of Blocmates thoroughly examines Fantom's major upgrade, named Sonic.

Bitcoin's recovery above $62,000 is having a positive impact on altcoins, boosting prospects of a rally in APT, WIF, FTM and BGB.