Fantom (FTM) Heads Towards the $0.5000 Mark
Login

Fantom (FTM) Heads Towards the $0.5000 Mark

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



Bitcoin is still trading below the $57,000 threshold. As a result, this limits gains for other cryptocurrencies such as Fantom, which has been able to claim only minimal gains so far in today’s trading. The token has seen just a 2.34% price increase at the time of writing. Let’s explore more of what’s happening in this market.

FTM Statistics:
Current FTM Price: $0.4841
Fantom Market Cap: $1.36 billion
Fantom Circulating Supply: 2.80 billion
FTM Total Supply: 3.18 billion
Fantom CoinMarketCap Rank: 51

Key Price Levels:
Resistance: $0.5000, $0.6000, $0.7000
Support: $0.4000, $0.3000, $0.2000

Fantom (FTM) Heads Towards the $0.5000 Mark

Fantom Slows Down Towards the $0.5000 Threshold

Price movement in the FTM/USDT daily market saw a considerable upside move in the previous session. This pushed the market above all the Guppy Multiple Moving Average (GMMA) lines. Currently, trading activity has resumed above the crossing lines of the GMMA indicator.

However, upside momentum seems to have cooled in the ongoing session, considering the size of the current price candle. The Stochastic Relative Strength Index (Stochastic RSI) lines are still projected upwards without deflection, suggesting that the market may continue to progress upward. Let’s take a closer look at the market.

Fantom (FTM) Heads Towards the $0.5000 Mark

FTM’s Price Action Continues Facing  Challenges

In Fantom’s 4-hour market, price action remains above the GMMA lines. This keeps the market eyeing the psychological price level of $0.5000. The last price candle on the chart is still green, indicating that the price may continue to rise.

Meanwhile, the Stochastic RSI lines are hovering around the 100 mark on the Stochastic RSI indicator. Therefore, traders aiming for a breakthrough at the $0.5000 price should ensure that the crypto signals they use incorporate proper protective measures.

Start using a world-class auto trading solution.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News