The cryptocurrency market showed strength over the weekend, pushing the total market capitalization back above $1.3 trillion.
Cryptocurrencies opened the new week on a positive note. The broader market has gained more than 1.3% in the past 24 hours, lifting the total market capitalization to just over $1.3 trillion.
Bitcoin has reclaimed the $30,000 level, rising roughly 1% so far today. Ether also climbed, trading above $2,000 after a roughly 2% gain over the past day.
Among the top 50 tokens by market capitalization, Fantom’s native token FTM led the gains. FTM surged more than 14% in the last 24 hours.
The recent rally follows news of increased adoption for Fantom during the weekend.
Fantom announced that Unmarshal, a blockchain data indexing protocol, has integrated Fantom. This integration also makes Fantom available on Unmarshal’s aggregated blockchain explorer Xscan, with portfolio tracking features expected to be added soon, according to the Fantom team.
Key levels to watch
The 4-hour FTM/USD chart shows bullish momentum, reflecting Fantom’s strong performance in recent days. FTM has risen more than 38% over the past seven days, positioning it among the best-performing tokens in the top 50 by market cap.
Technical indicators support the bullish case: the MACD has moved into positive territory, signaling upward momentum, while the 14-day relative strength index (RSI) sits around 71, suggesting FTM may be approaching overbought conditions.
At the time of writing, FTM trades near $0.4887. If buying persists, FTM could test the first significant resistance at $0.5987 before the day ends. A higher resistance level near $0.7763 may limit further upside in the short term.
On the downside, if selling pressure returns, FTM could dip below the $0.400 support level intraday. However, the $0.3662 support level appears likely to hold in the near term barring a broader market decline.