Fantom outperformed Bitcoin during 14 December’s trading session, here’s how

FTM ranked as the number one altcoin on LunarCrush’s AltRank. Bullish momentum is slowing, showing that buyers might be exhausted. Fantom [FTM] clinched the number one spot on the ranking of altcoins that outperformed Bitcoin [BTC] on 14 December, data from LunarCrush showed. The cryptocurrency social analytics platform has an AltRank feature through which it […]

, FTM exchanged hands at $0.2384 at press time. While the rest of the market suffered a decline after FTX’s unexpected demise, FTM’s decoupled from the rest of the market to log gains.

Further, an assessment of FTM’s Open Interest since the FTX debacle revealed a rally since 10 November. Per data fromThis showed that a strong bullish conviction lay behind the price rally, which remained unaffected by FTX’s collapse.While FTM’s price might have rallied in the last month, an assessment of its performance on a daily chart revealed that the alt has traded in a tight range since the beginning of the month.

The Relative Strength Index was at 54.91 at press time. Below its neutral 50-region, the decline in bullish momentum caused FTM’s Money Flow Index to be spotted at 40.25, still in a downtrend.

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