Monday, February 6, 2023
    HomeDEFIFantom (FTM) Price Analysis: Bears Challenge $2.0000, More downside on the card!

    Fantom (FTM) Price Analysis: Bears Challenge $2.0000, More downside on the card!


    Fantom’s (FTM) price fails to capitalize on the day before today’s acquire. Nevertheless, FTM manages to carry the lows made on Sunday at $1.9495. The volumes additionally dip down to eight% at $1,714,449,297.On the time of writing, Fantom’s (FTM) worth is buying and selling at $2.0334, down 10.73%.

    • Fantom (FTM) worth data 10% fall on Monday.
    • A decisive break beneath $2.0500 will proceed the draw back momentum.
    • FTM plunges greater than 45% over the seven days.

    Fantom (FTM) data ATHs in Whole worth Locked (TVL) – Defi

    Defi Lama, an analyst platform reveals that Ehtereum rival Fantom (FTM) is setting new elementary data amid worth decline throughout the crypto markets. FTM hit a complete of $10.51 billion locked in worth, a meticulous rise of over 362,300% from its TVL of $2.90 million in April 2021.

    Technically talking, on the 4-hour chart, the Fantom (FTM) worth opened increased however couldn’t maintain the upper ranges. It stays pressured close to the 20 EMA (Exponential Shifting Common) at $2.22. Moreover, the momentum oscillator, the each day relative energy index (RSI) trades at 36 signifies bearish bias within the pair.

    Supply: Buying and selling view

    Fantom (FTM) worth touched the low of $1.7700 on Saturday and recovered virtually 33%. Nevertheless, faces a robust upside barrier 20/50/100/200 EMA resistance confluence.

    The above technical assumption can additional be verified by means of the MACD (Shifting Common Convergence Divergence), which trades beneath the bearish line. That highlights the potential for $1.8000 if the value breaks beneath the session’s low.

    However, the formation of the ‘reverse hammer is a bullish reversal sample. This may very well be the signal of a technical bounce again in a interval of steady downfall. The worth might first check the fast resistance on the horizontal resistance degree close to $2.2004. Subsequent, FTM might dare meet the 200-EMA at $2.3699.




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