FTW, the native token of the new memecoin project Black Agnus, has become the market leader after its official listing on CoinGecko.
At press time, shares of Black Agnus (FTW) had soared 112%, trading at $0.000034. Over the same period, the token’s daily trading volume jumped 43.30% to hover around $7,883,560.
The recent rise in FTW prices follows a recent listing on popular crypto data aggregators CoinGecko and Coinmarketcap, which is considered a positive development for similar memcoin projects that are seeking to attract the attention of the crypto community.
Technical indicators on the 15-minute FTW/USDT chart show that bulls are currently in control, with FTW trading near the upper limit of the Bollinger Bands, showing sustained buying interest that could push the price higher.
The moving average convergence divergence confirms this forecast: the MACD line crosses the signal line, indicating continued upward momentum. Meanwhile, the relative strength index is at 54.94, slightly above the neutral threshold of 50, indicating there is still room for the rally to continue.
Additionally, the Aroon indicator indicates a predominantly bullish trend for the FTW/USD pair: Aroon Up is 78.57%, reflecting strong upward momentum. In contrast, Aroon Down is lower at 21.43%, suggesting minimal downward movement. This divergence usually indicates bullish control in the short term.
Confirming this positive outlook, FTW is, at the time of writing, above the 50- and 200-period simple moving averages at $0.00000296 and $0.00000304, respectively. This setup forms a “golden cross,” which traders often view as a sign of potential continued price increases.
The uptrend in FTW is confirmed by the rising trendline near $0.00000282, which has been tested multiple times and remains unchanged. As long as this trend line continues, the market is expected to maintain its bullish position.
