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FTM Has Been Trending Bearish

Fantom (FTM) Price Prediction – May 24
Fantom (FTM) market has been trending to bearish because it trades in opposition to the valuation of the US Dollar over a number of {couples} of classes. Its all-time excessive stands at $3.48 since seven months in the past, and the all-time low is at $0.001953, working two years in the past. Presently, the market is buying and selling round $0.42 at a median fee of three.18% unfavourable.

Fantom (FTM) Price Statistics:
FTM worth now – $0.4161
FTM market cap – $1.1 billion
FTM circulating provide – 2.6 billion
FTM whole provide – 2.6 billion
Coinmarketcap rating – #52

FTM/USD Market
Key Levels:
Resistance ranges: $0.50, $0.70, $0.90
Support ranges: $0.20, $0.15, $0.10

FTM/USD – Daily Chart
The every day chart reveals the FTM/USD market operation has been trending bearish on a slow-moving tempo characterised by smaller-bearish candlesticks below the promote sign facet of the smaller SMA. The 50-day SMA indicator is above the 14-day SMA indicator. The Stochastic Oscillators are within the overbought area, and features are freshly closed inside to point out the potential for the value not having the power to push northward additional away from its current buying and selling spot.

Will the FTM/USD market succumbs to a declining power across the $0.50 resistance degree?

As the FTM has been trending bearish in opposition to the buying value of the US Dollar, it has been the abiding routine apply by the FTM/USD market to succumb to a decline across the 14-day SMA pattern line over time. It anticipated the value to abide by a downward power to prevail across the $0.50 resistance degree quickly afterward. Nevertheless, the downward movement is to prolong down to discover assist inside these decrease factors set above within the long-term run. In the meantime, buyers might get thinking about shopping for into this crypto financial system from this level earlier than the resumption of a bullish pattern.

On the draw back of the technical evaluation, the FTM/USD market worth appears to encounter an overhead barrier buying and selling line across the $0.50 resistance degree. Short-position takers have to train a point of endurance to observe what may the following worth actions across the 14-day SMA indicator earlier than taking to a promote order. A spread-bound buying and selling sample might play out beneath the resistance worth degree earlier indicated for some time.

FTM/BTC Price Analysis

In comparability, Fantom (FTM) market value might preserve debasing in opposition to the trending power of Bitcoin (BTC) for a while. The cryptocurrency pair market has been trending bearish over a number of classes. The downward-trending outlook will increase within the womb of time because the 14-day SMA indicator is beneath the 50-day SMA indicator. The Stochastic Oscillators are within the overbought area with their strains closed to elevate the psychological level of viewing, negating the potential for witnessing some ups extra. That signifies the bottom crypto might quickly start shedding a stance to the counter crypto.

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