FTW, the native token of the new memecoin project Black Agnus, has emerged as the market’s top performer following its official listing on CoinGecko.
Sharp Price Increase
At press time, FTW had skyrocketed by 112%, exchanging hands at $0.000034. In the same time frame, the token’s daily trading volume jumped 43.30% and was hovering around $7,883,560.
Technical Analysis
Technical indicators on the 15-min FTW/USDT chart suggest that the bulls are currently in control, with FTW trading near the upper limit of its Bollinger Bands, exhibiting sustained buying interest that could push the price higher.
Support for Upward Trend
Additionally, FTW was positioned above both the 50-period and 200-period simple moving averages, forming a 'golden cross,' a pattern traders often see as a sign of potential continued price growth. The upward trend for FTW is further confirmed by an ascending trendline around the $0.00000282 mark, which has been repeatedly tested and remains intact. As long as this trendline holds, the market is expected to maintain its bullish stance.
FTW token shows robust growth, supported by technical indicators. This suggests potential for continued positive market movement.
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