KEY TAKEAWAYS
Fasttoken (FTN) trades at an all-time high of $4.04.
The price has not reacted to the market crash.
How long will the FTN price increase continue?
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Fasttoken is a relatively unknown cryptocurrency, ranking as the #56th largest based on its market cap.
However, its price movement is highly unusual since FTN seems decoupled from the rest of the crypto market.
The price has not suffered any corrections during its last two years and reached a new all-time high this month.
With that in mind, let’s analyze the price action and see what lies ahead in 2025.
FTN Reaches All-Time High
The FTN price has increased gradually since August 2023. The upward movement is unusual since FTN has not experienced any notable corrections.
Furthermore, the price reached a new all-time high of $4.04 this week. FTN has traded near this level for the past two months, virtually immune to the ongoing market correction.
The wave count suggests that the FTN price is in the fifth and final wave of its upward movement. Wave five has extended and has the same length as waves one and three combined.
The Relative Strength Index (RSI) is extremely overbought but has not generated any bearish divergence yet.
So, it is unclear if the FTN increase will continue to the next target or if a correction will follow instead.
Will FTN Correct?
Unlike the weekly time frame, the daily one shows significant weakness.
While the FTN price hovered around its all-time high in 2025, the daily RSI generated a significant bearish divergence.
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Such divergences often lead to bearish trend reversals, further supported by the fact that the RSI has now fallen below 50.
The divergence combined with the completed five-wave increase suggests FTN will start a lengthy correction soon.
If so, the first support area will be at $3.35, created by the 0.382 Fibonacci retracement support level.
FTN Rally Ending
The FTN price has increased without any retracement for the past two years.
The wave count and indicator readings suggest FTN will reach the top soon.
If FTN corrects, the first support level will be at $3.35.
