A seasoned investor, recognized by their blockchain address, recently made a substantial move within the crypto market by acquiring 3.18 million Fantom (CRYPTO:FTM) tokens, valued at $2.26 million.

This significant transaction follows a prior successful trade where the trader netted an impressive profit of $1.67 million, demonstrating their skill in navigating market fluctuations.

The resistance faced by FTM in the $0.79 to $0.82 range has historical significance, serving as critical markers for future price movements.

Despite bullish actions from some investors, caution prevails in the broader market sentiment, with analysts closely monitoring the $0.79 mark for potential breakout or reinforcement of resistance.