FTW, the native token of a new memecoin project Black Agnus, has emerged as the market’s top performer following its official listing on CoinGecko.
At press time, Black Agnus (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.
FTW’s recent price rally follows its recent listing on the popular crypto data aggregators CoinGecko and Coinmarketcap, which is considered a positive development for memecoin projects like this which look to gain exposure to the crypto community.
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.
The Moving Average Convergence Divergence supports this outlook, with the MACD line crossing above the signal line, pointing to continued upward momentum. Meanwhile, the Relative Strength Index is at 54.94, slightly above the neutral threshold of 50, indicating that there may still be room for the rally to continue.
Additionally, the Aroon indicator points to a largely bullish trend for the FTW/USD pair, with the Aroon Up at 78.57%, reflecting strong upward momentum. In contrast, the Aroon Down is lower at 21.43%, suggesting minimal downward movement. This divergence generally points to bullish control in the short term.
Supporting this positive outlook, FTW was positioned above both the 50-period and 200-period simple moving averages, at $0.00000296 and $0.00000304, respectively at the time of writing. This setup forms 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.
