FTM USDT 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-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 May 14, 2024, Fantom is trading at approximately 0.6499 USDT. Let’s dive into the detailed price action for FTM-USDT:

Understand Fantom’s (FTMUSDT) challenges at 6.50e-01 USDT with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.6729
High (H) 0.6822
Low (L) 0.6451
Close (C) 0.6499
Volume (C) 33,224,876.00
  • Open (O): The opening price for today’s trading session was approximately 0.6729 USDT.
  • High (H): Fantom reached a daily high of around 0.6822 USDT.
  • Low (L): The daily low for FTM-USDT was approximately 0.6451 USDT.
  • Close (C): At the time of analysis, Fantom is trading near its daily close of 0.6499 USDT.
Metric Value
1D Change (%) -3.42%
3D Change (%) -8.55%
7D Change (%) -3.65%
30D Change (%) -8.77%
90D Change (%) 58.13%
YTD Change (%) 37.08%

Over the past three days, FTMUSDT has decreased by approximately -8.55%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -3.65%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FTMUSDT maintaining a downward trend of approximately -8.77%, despite intermittent fluctuations. Examining the last 90 days, FTMUSDT has witnessed substantial increase of approximately 58.13%, reflecting strong long-term confidence. Year-to-date, FTMUSDT has steadily increased by around 37.08%, 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 0.61318.
  • Momentum score is -0.10826.

FTM USDT Technical Analysis

Fantom Trading Volume:

The trading volume for Fantom (FTM) over the past 24 hours has been insignificant, with approximately 33,224,876.00 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 neutral zone, around 45.77512. This suggests that Fantom is in range-bound 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Understand Fantom’s (FTMUSDT) challenges at 6.50e-01 USDT with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.

Discover even more by checking out our comprehensive analysis on FTM BTC Fantom Technical Analysis — a perfect follow-up if you enjoyed 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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