Fantom [FTM] is undoubtedly one of the coins in the market that saw a significant surge in January. When seen on a daily timeframe, it rallied by 200% from January 1 until the time of this writing.

The asset was trading at about $0.5 at press time, a price range last seen in May 2022. However, the price was still a long way down from its peak, which was almost $3.

FTM was in a bull trend at the time and a powerful one at that, according to the Relative Strength Index (RSI). The RSI line had crossed the overbought boundary and was over 70.