FasttokenLong
elling pressure generated significant market volume
**FTN price** experienced a 1% intraday decline and a 10% reduction in weekly gains. Since the start of 2024, FTN had been in an uptrend, but profit-taking in September led to a downturn. This mid-cap coin, with a market cap of $695.83 million, is ranked 205th on CoinMarketCap.
The strong selling pressure generated significant market volume, with liquidity at 30%, indicating smooth and hassle-free transactions close to the exchange price.
Currently, FTN is trading at $2.28 and has slipped below the 20-day and 50-day EMA bands, remaining unaffected by the broader bullish market sentiment.
The price is approaching the 200-day EMA, which appears to be its short-term target. If the sell-off intensifies, breaching the 200-day EMA could push the price even lower.
The strong selling pressure generated significant market volume, with liquidity at 30%, indicating smooth and hassle-free transactions close to the exchange price.
Currently, FTN is trading at $2.28 and has slipped below the 20-day and 50-day EMA bands, remaining unaffected by the broader bullish market sentiment.
The price is approaching the 200-day EMA, which appears to be its short-term target. If the sell-off intensifies, breaching the 200-day EMA could push the price even lower.
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