FTM BTC Fantom Technical Analysis

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By Frans van Elst

Fantom logo In this Fantom technical analysis, we will examine the current price action, trading volume, key levels and indicators for FTM-BTC. Fantom is a fast and secure blockchain platform that enables developers to build decentralized applications with ease. Its novel consensus algorithm, called the “Fantom Opera,” ensures lightning-fast transaction speeds and low latency, making it an attractive option for real-world use cases. Additionally, Fantom’s unique multi-chain structure allows for interoperability between different blockchains, opening up new possibilities for cross-chain communication and collaboration.

Fantom Price Overview:

As of May 22, 2024, Fantom is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for FTM-BTC:

Explore potential downturns for Fantom (FTMBTC) at 1.21e-05 BTC, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.

Metric Value
Open (O) 1e-05
High (H) 1e-05
Low (L) 1e-05
Close (C) 1e-05
Volume (C) 1,930,689.00
  • Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
  • High (H): Fantom reached a daily high of around 1e-05 BTC.
  • Low (L): The daily low for FTM-BTC was approximately 1e-05 BTC.
  • Close (C): At the time of analysis, Fantom is trading near its daily close of 1e-05 BTC.
Metric Value
1D Change (%) -3.21%
3D Change (%) -5.41%
7D Change (%) 5.32%
30D Change (%) 6.34%
90D Change (%) 53.76%
YTD Change (%) 7.67%

Over the past three days, FTMBTC has decreased by approximately -5.41%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 5.32%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FTMBTC maintaining an upward trend of approximately 6.34%, despite intermittent fluctuations. Examining the last 90 days, FTMBTC has witnessed substantial increase of approximately 53.76%, reflecting strong long-term confidence. Year-to-date, FTMBTC has steadily appreciated by around 7.67%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Fantom Live Chart:

You can access a live price chart for FTM-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.80677.
  • Momentum score is 0.04683.

FTM BTC Technical Analysis

Fantom Trading Volume:

The trading volume for Fantom (FTM) over the past 24 hours has been insignificant, with approximately 1,930,689.00 BTC traded against FTM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): FTM is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Fantom is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for FTM-BTC is currently in the neutral zone, around 51.33583. This suggests that Fantom is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Fantom (FTM-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Explore potential downturns for Fantom (FTMBTC) at 1.21e-05 BTC, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.

Unlock additional insights on FTM USDT Fantom Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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