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Fantom perpetual future quoted in USDFantom perpetual future quoted in USDFantom perpetual future quoted in USD

Fantom perpetual future quoted in USD

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the bullish momentum waned, leading to a bearish trend: flip?From October 2023 to March 2024, FTM experienced a remarkable surge of nearly 600%. However, the bullish momentum waned, leading to a bearish trend that placed FTM in a falling wedge pattern. Over the next five months, FTM's price dropped by almost 75%. On August 5th, the price rebounded from the lower boundary of the wedge. In the past 38 days, FTM has grown by nearly 90%, with a 25.66% increase this week alone. This week, the price broke through the 20-day and 50-day EMAs and slightly breached the upper boundary of the wedge. Optimism around FTM has risen, with the 200-day EMA band being the next significant resistance level. According to Fantom price predictions, if FTM can sustain above the 200-day EMA band, the long-term outlook could shift positively. A Change of Character (ChoCh) might be observed above the $0.550 level. Additionally, if critical support levels attract more bullish interest, a breakout from the falling wedge pattern could occur, with resistance levels at $0.62 and $0.77. However, if bearish dominance persists, the price could fall below the demand zone. Failure to surpass the 200-day EMA and failure to achieve a successful ChoCh could negate the bullish outlook, with potential support levels at $0.40 and $0.30.
CRYPTO:FTMUSDLong
by Sam_TCR
Sentiments Still Bearish: Can Recovery In Fantom Price Be Taken Sentiments Still Bearish: Can Recovery In Fantom Price Be Taken Away? Fantom price was up nearly 6% Intraday and over 10% in the last couple of sessions. Despite the recent recovery, the weighted sentiment curve was maintained in a bearish territory. While the blue chip cryptocurrencies were still under a strong bearish influence, few altcoins were observed to be kicking off from the lows. Fantom, which was moving in correlation to the market leaders, was observed to be diverging its path after a strong bounce from the lows. FTM price has kicked off from the lows rising nearly 6% intraday and over 10% in the last couple of sessions. At the time of writing, Fantom was trading close to 0.410 recording a positive gain of 6% intraday. Despite a strong rebound in the price, the analysts seemed to be worried as the on-chain metrics curve hasn't responded to the price rebound adding a risk of recovery failure. Let's dive deeper and try to analyze combining both the price and on-chain metrics. Weighted Sentiment Curve Remains Muted Despite Price Rebound As per Santiment, an on-chain analytics provider, the weighted sentiment curve has still remained muted despite a strong recovery in Fantom's price in the last couple of sessions. The weighted sentiment curve reflects the current biasness of the traders and investors whether it is bullish or bearish on a combined analysis. As per the data, the weighted sentiment curve has maintained its prevailing bearish trend. However, a short term shift to the higher side i.e. the zero line was noted suggesting a recovery. Furthermore, the 24 hour active address seemed to be fading after a short term rise suggesting a buyers attempt at a recovery. The 7-day active address was on a continuous downtrend showing negligible attention to the price rebound. The active addresses reflect the total number of unique users that have participated in either buy or sell transaction within the provided time frame. An increased active address generally results in heightened demand. The intraday transaction volume dropped by 33.4% to $80.60 Million a day suggesting a demand drop. Moreover, the volume to market cap ratio at 6.65% suggests mild volatility in the price. Fantom Price Analysis: Can Bulls Hold On To Higher Levels? Fantom bulls have initiated a recovery from the lows which is obvious due to their domination near the demand zone. However, the real battle is expected as the price would proceed higher as the bears currently hold the control over the trend and wouldn't let go out of hands so easily. The bulls seem to be aggressive with a clear state of mind to mark a bullish reversal however, it requires more momentum and volume as the bears are comfortably holding the control at the higher levels. On the higher side, the bulls may need to struggle near the recent supply of $0.44 level. Now, if the bulls are able to conquer the recent supply of $0.44 level it may unlock a path of 20% towards north till the 200 day EMA. On the contrary, if the bulls lose control near the supply zone, FTM price may again loom back towards the recent demand of $0.36 level.
CRYPTO:FTMUSDLong
by Ritika_TCR
Fantom Price Analysis: Can FTM Be A Good Asset To Invest In SeptFantom Price Analysis: Can FTM Be A Good Asset To Invest In September The average 30 day On-chain transaction volume in profit to loss ratio indicates more profitable transactions as compared to losses. Despite the chaos in the broader markets, Fantom sits at a monthly gain of 13.46%. The weakness in blue chip cryptocurrencies have affected the altcoins as well. Bitcoin's fall below the major psychological $60K level has raised concerns about the recovery in the altcoins. As a result, several altcoins are facing significant challenges on the way to recovery. Fantom which is a layer 1 blockchain and a smart contract platform for DApps is trying to stabilize near the support in the recent sessions. The daily FTM/USD chart highlights a consolidation in the recent sessions which indicates the chances of recovery in the crypto if the market stabilizes. Despite the market turmoil, Fantom was exchanging hands close to $0.38, recording a monthly gain of 13.46%. Whales On The Buying Side, Which Side Are you? Despite a 25% fall in the last two weeks, the whales seemed to be maintaining a bullish stance in Fantom. The top addresses also known as whales have more resources and more investment, hence they tend to be on the right side of the trend for most of the time. Source: app.santiment.net As per an on-chain data provider Santiment, Despite the price drop, the top addresses were observed to be on loading Fantom. The whales were holding nearly 72.7% of the total supply a week ago, which has now surged to 73.09% indicating a 0.23% jump in their holdings. The accumulation by the large wallets may be an indication of a potential recovery in the asset. However, the price needs to deliver it on the charts as well. Moreover, Daily On-Chain Transaction volume in Profit indicates that as of 3rd September, 12.82 million transactions were profitable. Whereas, 13.32 Million on-chain transactions remained in loss. The ratio of on-chain transaction volume in profit to loss was 0.96 indicating more transactions were in loss. Source: app.santiment.net The daily ratio of Fantom's on-chain transaction in profit to loss which is accessed using a 30 day moving average has been in profits more than those resulting in loss over the past month. The avg 30 day ratio at 1.38 suggests that for every FTM transaction which ended in a loss, 1.38 transactions resulted in profits. Can Fantom Head For A Recovery In September? From a technical perspective, Fantom price was hovering close to the 20 day Exponential moving average indicating a neutral outlook in the short term. However, the 50 and 200 days EMA lies on the higher side indicating a bearish trend prevailing in the long term. The daily chart witnessed a consolidation with $0.36 as support and $0.44 level as immediate resistance. Now, either side breakout or breakdown may clarify the next trend in the asset's price. A breakout on the higher side may establish buyers' domination in the short run and the price may head for a recovery which is more likely. However, it requires stability in the broader markets. Also, the breakdown scenario can't be neglected as the long term trend outlook is still bearish. On the lower side, a breakdown below the $0.36 level could trigger a selloff in Fantom.
CRYPTO:FTMUSDLong
by Ritika_TCR
3 Key Reasons Why Fantom May Be A Good Pick For Next Week3 Key Reasons Why Fantom May Be A Good Pick For Next Week Meta Description: Fantom price gained traction and surged higher after the bulls initiated a recovery The Open Interest contracts have jumped by 50% to $75 Million indicating an accumulation at the lower levels. The transaction volume has surged from $50 Million to $200 Million a day in the recent sessions. Fantom price gained traction and surged higher after the bulls initiated a recovery from the lows. At the time of writing, Fantom was exchanging hands close to $0.38 level recording a positive intraday development of nearly 5%. Along with a strong rebound in the price, there are few on-chain metrics which have recorded a notable shift in the recent sessions. The investors sentiment seemed to be improving as the OI data indicated an inflow. Also, the transaction volume has improved indicating a heightened demand and increased user engagement. However, the long term trend outlook still lies on the bearish side adding a risk of rejection in the price at the higher levels. Let's analyze it and try to get a clear picture about the possible price trajectory. OI Data Reveals A 50% Inflow In the 1st week of August, Fantom price noted a sharp downturn following the broader market crash. During this period, the Open interest contracts dropped to $47 Million. The Open interest contract is an on-chain metrics which monitors the total number of open positions in a specific cryptocurrency contract. It also indicates the liquidity and interest in a particular crypto contract. Source: app.santiment.net As per the data obtained from an on-chain analytics website app.santiment.net, the number of open contracts saw an impressive 50% growth a week. The OI data surged from $50 Million to $75 Million indicating an improvement in the Investors confidence. Fantom Crypto Volume Analysis The volume analysis highlights that the transaction volume has grown from $50 Million to $200 Million in a week. A strong rise in the volume indicates a heightened demand in the crypto. Source: app.santiment.net Moreover, the volume to market capitalization was 12.9% at present indicating high volatility in the crypto. With a live market capitalization of $1.07 Billion Fantom ranks 59th in the crypto space. Fantom is a smart contract platform providing decentralized finance (DeFi) services to the developers. It is an open source platform designed as an alternative to Ethereum. Out of 3.1 Billion FTM tokens, nearly 2.8 Billion FTM tokens are currently under circulation. Fantom Price Forecast: Bulls Initiate A Recovery Moreover, the recent session has observed a consistent buying from the lows indicating the price heading for a recovery. The increased OI data and transaction volume suggests the domination of the bulls in the short term. However, the long term trend outlook still favors a bearish side as the price lags 45% below the 200 day exponential moving average. As of now, the FTM price has surpassed the 20 day EMA suggesting a bullish outlook in the short term. Moreover, the daily chart highlights the formation of a falling wedge pattern with the price currently established near the higher boundary. On the higher side, if the price resumes its recovery above the $0.39 level, it may continue to rise towards the next short term target of $0.45. However, if the price fails to initiate a breakout of the falling wedge pattern and suffers rejection from the higher levels, it may slide towards the lower boundary of the wedge at $0.29 level.
CRYPTO:FTMUSDLong
by Ritika_TCR
1
Fantom Price Forecast: Can FTM Head For A Recovery Or Crash Fantom Price Forecast: Can FTM Head For A Recovery Or Crash Again Meta Description: Fantom lost traction and crashed below the annual lows, eroding nearly 47% in the third week of July The FTM price DAA divergence is decreasing indicating the rising confidence of the buyers At the time of writing, Fantom was exchanging hands close to $0.37 indicating a negative intraday development of 0.38%. Despite recovering nearly 28% in the last seven sessions, the investors still do not seem to be confident in Fantom. Earlier Fantom lost traction and crashed below the annual lows, eroding nearly 47% in the third week of July. The recent sessions have experienced a recovery. However, as per Fibonacci tool the FTM price still has not been able to recover 50% of the losses indicating a weakness in the trend. However, few analysts are anticipating a recovery in the forthcoming sessions as there has been some sort of improvement observed in on-chain metrics: price DAA divergence. Let's analyze and try to get a clear picture of where Fantom may lead from here. Can it continue to inch higher or fail again towards the annual lows. Fantom Price DAA Divergence Analysis Along with a steady price recovery in the Fantom price, A notable shift in FTM price DAA (Daily Active Address) divergence was observed. As per the analysts, the divergence in the price and daily active addresses were reducing indicating an improvement in the overall trend. Source: app.santiment.net The price DAA divergence indicator measures the change in divergence between the price and daily active address. A decreasing divergence from the bearish side indicates an improvement in the price and vice versa. Moreover, the Daily active addresses reflect the total number of users that have engaged in any transaction in a day. A rise in the number of active addresses represent the increasing user engagement of the users leading to a positive impact on the price. Fantom Price In A Risky Zone As per Fibonacci Since last week, Fantom has recovered nearly 28% from the lows. However, as per the Fibonacci the recovery is still not enough as the price still hasn't invalidated the golden zone of Fibonacci retracement tools. While applying Fibonacci from the recent swing high at $0.549 to recent swing low at $0.29, the 50% area or golden zone lies at $0.41 level. As of now, Fantom price seems to be hovering close to $0.37 which is 38% of the Fibonacci tool. Now, if the price fails to gain further and bearish pressure exceeds then it may continue with a bearish move and slide down towards new lows. On the contrary, if Fantom continues on the higher side, the bulls may need to surpass the $0.41 level in order for a continued recovery. The technical indicators are leaving a bearish remark over the trend on a combined analysis. Fantom has recovered nearly 28% in the last seven sessions but still lacks investor confidence after a 47% crash in the later weeks of July. The price recovery is accompanied by a reduction in the divergence between price and daily active addresses, indicating an improving trend. However, the recovery hasn't invalidated the golden zone of the Fibonacci retracement tool, with the price hovering around $0.37, below the $0.41 level needed for continued recovery. If bearish pressure persists, the price may slide to new lows. Technical indicators suggest a bearish trend on a combined analysis.
CRYPTO:FTMUSDLong
by Ritika_TCR
Unfolding Fantom's Day Chart The surge up until March 2024 from the October low was nearly 600% gains, which, due to the loss of bulls' traction, ended up in a bear grip, which took it in a falling wedge. The price has plummeted nearly 65% of gains in almost 4 months period, and has been showing critical support at an historical major demand area. If the bear's dominance does not ease with time, the deterioration could extend below the demand zone. On the contrary, if the critical support manages to show pump in bulls presence and interest then a breakout could be witnessed out of falling wedge pattern. Since its price action, perpetual, and spot markets depict further downward acceleration, then bears could eye at support levels of $0.30 and $0.20, respectively. However, some on-chain metrics and social metrics signify increased user activity, and hope could surge, which could lead to a breakout. In this scenario, the resistances are at $0.55, and $0.65, respectively.
CRYPTO:FTMUSDLong
by Sam_TCR
has been observed on the daily candle chartThe Fantom price has shown us a wonderful price action in the past sessions. The price had a wonderful rally that began from $0.20000 support on Oct 20, 2023 and made a first peak at $0.5550 by 2023 end, which dropped to $0.31454 support by January last week, 2024. From the $0.31454 price support level, the upsurge was giganticly large, which peaked at $1.21773 marke by March last week, 2024. Thereafter, the price declined following a declining trendline and formed the next crucial support at $0.65729, where sellers tried three times to break the level, but buyers were strong, and it rose again until $0.95844. From the recent high of $0.95844, the price has built support at $0.52413 and is rising toward the trendline. The analyst crypto rand also highlights on x Via a tweet post with a chart drawing in it that the FTM daily candle chart shows a solid setup overall as per the analyst (DYOR); the current bounce looks optimistic to the analyst for the future price sessions. His chart drawing suggests to traders and investors that the optimism in FTM could take its price towards the trendline resistance with less effort and, beyond that, could open the doors to capture the lost territories back. Furthermore, it has been observed on the daily candle chart that the price has been seen bouncing back from the resistance turned support of the first peak, and here, buyers could be strong. Indicators also confirm the bullish suspicion as MACD shows a bullish cross, and RSI has been taking support from 14-SMA. Therefore, if the price rises, then Fantom (FTM) could achieve targets like $0.77 and $0.92. However, if bearishness prevails beneath the $0.52413, then the resistance would be near $0.4400, and $0.30815.
BITSTAMP:FTMUSDLong
by Sam_TCR
has been surging from support The Fantom cryptocurrency (FTM) had a strong start this year, showing significant growth in the crypto market. In February 2024, the price of FTM rose from $0.350 to $1.200 by the third week of March 2024. However, FTM was unable to maintain these gains and by the fourth week of 2024, it entered a period of decline in a wedge. This decline led to a support level forming at $0.650 by mid-April, where the price stabilized until mid-May 2024. Additionally, the price pattern indicated that the stabilization phase was broken on May 15th, 2024, when the price touched the upper boundary of the wedge pattern. Recently, FTM has been attempting to stay close to the upper boundary in an effort to break out of this wedge pattern. The FTM crypto has performed well in the last month, increasing by 15.36. FTM (KRAKEN: FTM) has a positive year-to-date return of 71.20% and a three-month return of 25.94%. At press time, the FTM price has traded at $0.8208 with an intraday surge of 6.46%, its market cap stands at $2.27 Billion, and its 24-H trading volume is $185.00 Million. There are 2.80 Billion tokens in circulation. The daily chart for FTM shows that it has been surging from support and remains above the 50-day and 200-day EMAs. Additionally, the MACD indicates a potential bullish crossover, while the RSI is at 53.74. It suggests that the Fantom crypto is still showing strength and may continue to climb higher in the future. If the breakout is strong, the next targets for the FTM price could be $1.00 and $1.21. Conversely, if the price falls and fails to stay above the $0.750 level, it could decline further.
KRAKEN:FTMUSDLong
by Sam_TCR
1
Fantom (FTM) Surprises all With over 24% rise!Fantom (FTM) Surprises all With over 24% rise! Fantom (FTM) has risen to the forefront, outperforming others as it rebounded from a recent downturn. Boasting a market capitalization of $2.486 billion, FTM cements its status as a significant entity in the crypto sphere. The crypto has extracted over 24% return for their Investors and is poised to show more gains as it is yet to reach the annual highs. As per the price action analysis, FTM has broken out of a period of consolidation, signaling a shift to a bullish trend. Currently trading at 27% below its yearly high, there appears to be ample opportunity for advancement towards and potentially beyond these levels. Technical indicators, particularly the positioning above the pivotal 50-day and 200-day exponential moving averages (EMAs), reinforce a bullish sentiment for FTM's future trajectory.
CRYPTO:FTMUSDLong
by Ritika_TCR
the FTM crypto experienced a surge Over the past week, the Fantom price has risen by up to 13% (appx.). The technical indicators have been portraying a possible bullish rally out of a falling wedge pattern on the daily chart. At press time, the FTM price was trading around at $0.8047. Besides, there are expectations, contingent on buyers’ strength, for the price to exceed the $1.0 mark. Beyond this price point, the door would open for more future optimism. Since the FTM crypto has revealed recovery possibilities more clearer as the price rallied from a crucial demand level of around $0.65 on the chart. Similarly, the fantom crypto looks set for an upcoming colossal surge, as it gears up to crack the resistance level of FTM and rocket to new peaks. The Fantom asset is exhibiting bullish strength and rising capacity as it holds above major 20-day and 50-day EMA band's. Likewise, other technical tools of the FTM asset have also displayed bullish support, as MACD shows a bullish cross above zero line and the RSI was at 59.56 not near the 70 level yet, which exhibits it does not face much resistance and could extend its gains in the upcoming sessions. At press time, the FTM crypto experienced a surge of 0.76% in the last 24 hours, trading at $0.8064. therefore, if the demand increases for the Fantom asset price, then it could shoot up from the current level. The next target, then would be to reach $1.00 and $1.20. However, if the Fantom crypto price fails to stay above the $0.65 level, it could decline further and hit lower supports as well.
KRAKEN:FTMUSDLong
by Sam_TCR