FTW rallies 112% following CoinGecko lising

New memecoin project Black Agnus’ native token, FTW, has emerged as the best-performing token in the market after its official listing on CoinGecko.

At press time, Black Agnus (FTW) had skyrocketed by 112% and was changing hands at $0.000034. During the same time frame, the token’s daily trading volume was up by 43.30% and was hovering around $7,883,560.

FTW’s recent price surge came after it was listed on popular crypto data aggregators CoinGecko and Coinmarketcap, which is considered a positive development for memecoin projects aiming to be included in the cryptocurrency community.

Technical indicators on the 15-minute chart of FTW/USDT suggest that the bulls are currently in control, with FTW trading near the upper boundary of the Bollinger Bands and showing sustained buying interest that could push the price higher.

FTW/USD analysis Source: Dextools.io

Moving Average Convergence Divergence supports this view, with the MACD line moving above the signal line, suggesting continued bullish momentum. Meanwhile, the Relative Strength Index is at 54.94, slightly above the neutral threshold of 50, suggesting there may still be room for the rally to continue.

Additionally, the Aroon indicator is largely bullish for the FTW/USD pair, with the Aroon Up at 78.57% reflecting strong bullish momentum. In contrast, the Aroon Down is lower at 21.43%, indicating minimal downside movement. This divergence usually signals 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 press time. This setup is forming a “golden cross,” which traders often view as a sign of potential continued price growth.

The bullish trend for FTW is further confirmed by the 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.