In this Fantom technical analysis, we will examine the current price action, trading volume, key levels and indicators for FTM-USDT. 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,” allows for lightning-fast transaction processing and low latency, making it an attractive option for real-world use cases. Additionally, Fantom’s unique architecture supports a wide range of programming languages, allowing developers to build complex dApps with familiar tools and frameworks.
Fantom Price Overview:
As of July 06, 2024, Fantom is trading at approximately 0.4392 USDT. Let’s dive into the detailed price action for FTM-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.4246 |
| High (H) | 0.4412 |
| Low (L) | 0.4174 |
| Close (C) | 0.4392 |
| Volume (C) | 36,233,783.00 |
- Open (O): The opening price for today’s trading session was approximately 0.4246 USDT.
- High (H): Fantom reached a daily high of around 0.4412 USDT.
- Low (L): The daily low for FTM-USDT was approximately 0.4174 USDT.
- Close (C): At the time of analysis, Fantom is trading near its daily close of 0.4392 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.44% |
| 3D Change (%) | -12.25% |
| 7D Change (%) | -18.98% |
| 30D Change (%) | -45.52% |
| 90D Change (%) | -49.51% |
| YTD Change (%) | -7.36% |
Over the past three days, FTMUSDT has decreased by approximately -12.25%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -18.98%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FTMUSDT maintaining a downward trend of approximately -45.52%, despite intermittent fluctuations. Examining the last 90 days, FTMUSDT has witnessed substantial fall of approximately -49.51%, reflecting strong long-term confidence. Year-to-date, FTMUSDT has steadily declined by around -7.36%, 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-USDT 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 0.93133.
- Momentum score is -0.29615.
FTM USDT Technical Analysis
Fantom Trading Volume:
The trading volume for Fantom (FTM) over the past 24 hours has been insignificant, with approximately 36,233,783.00 USDT 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-USDT is currently in the low zone, around 37.45266. This suggests that Fantom is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Fantom (FTM-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Explore Fantom’s (FTMUSDT) potential challenges at 4.39e-01 USDT as technical analysis leans bearish, emphasizing weakened support and cautionary indicators.
Dive into the details with our in-depth analysis on FTM BTC Fantom Technical Analysis; you won’t want to miss it if you found this post interesting.
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.