Fantom (FTM) is still bullish as the crypto market slightly correctly

Fantom (FTM) is still bullish as the crypto market slightly correctly
фото показано с : invezz.com

2022-3-3 12:08

The broader cryptocurrency market has been performing well over the past week. The prices of different cryptocurrencies have soared within the past few days, and FTM is among the tokens making significant gains.

Fantom (FTM/USD) was trading at $1.94 at the time of writing. The token has soared by around 23% over the past week.

Fantom is still gaining after a slight correction

The price of FTM has been on a bullish streak during the past 24 hours. On Wednesday, FTM stood as one of the largest gainers across the cryptocurrency market, and it managed to reach $2.07 within a few hours. A slight correction has happened, hence the slump to the current levels.

FTM bulls show signs of continuation; hence the token could soon test new highs. The $2 resistance level will be tested once again. However, the current uptrend is being ignited by buyer pressure, which could weaken if the broader market fails to pick up the uptrend that was started on Wednesday.

If FTM pushes past $2, the next target will be $2.30. This will take the token back to the levels created earlier last month. The slight slumps in FTM’s prices over the past month indicate that bulls are yet to dispose of, forming the basis for a strong bullish rally if the market support kicks in.

The market is yet to form a bullish flag

The entire cryptocurrency market rallied on Wednesday, but this did not create a strong bullish flag. This week’s increased buyer activity could be triggered by dip buyers that booked profits when the prices dipped last Thursday.

If FTM’s trend reverses and the token goes back to previous lows, it will test the lower support at $1.78. Further dips below $1.50 are also possible if the short-term traders that bought during the Wednesday uptrend decide to sell. Moreover, the cryptocurrency market is still showing signs of high volatility. The looming regulations amid the Russia-Ukraine crisis have created tensions resulting in massive liquidations. Due to these fears, FTM and other cryptocurrencies could dip to previous lows.

The post Fantom (FTM) is still bullish as the crypto market slightly correctly appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Fantom (FTM) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.2476
Капитализация $0 Rank 99999
Цена в час новости $ 1.8496 (-100%)

past market ftm within soared different cryptocurrencies

Источник: invezz.com

past market → Результатов: 126


Фото:

Here’s Why Ethereum Could Realistically Rally to $800 in the Near-Term

Ethereum has been subjected to intense volatility over the past several days, which has primarily been rooted in the close correlation to Bitcoin’s price action that it has formed in recent times. This volatility has primarily favored sellers, but it is important to note that it has not been enough to invalidate the bullish market structure it has formed throughout the course of its parabolic uptrend seen throughout the past several weeks. One top analyst is now laying out the […]

2020-2-20 20:59


Фото:

Why Bitcoin Has Strengthened Against Gold

The Bitcoin correction has been short-lived, with only a couple of days spent below five figures. Gold and related stocks are also climbing — but they’re way short of the king of crypto. Digital asset markets have regained their composure today with a total market capitalization gain of $15 billion over the past 12 hours […] The post Why Bitcoin Has Strengthened Against Gold appeared first on BeInCrypto.

2020-2-19 11:46


Bitcoin abruptly drops as it hits $10,500 causing panic in the market

Bitcoin has been on a near-relentless rally higher over the past 60 days, entering a clear uptrend after bottoming at $6,400 in December of 2019. It has gained 63 percent since the local bottom. Although this is already an impressive feat in and of itself, analysts expected the cryptocurrency’s prospects to turn even more optimistic […] The post Bitcoin abruptly drops as it hits $10,500 causing panic in the market appeared first on CryptoSlate.

2020-2-13 11:42


Bitcoin's derivatives market: Why Bakkt isn't gaining market share compared to Bitmex, Deribit

The cryptocurrency world had been eagerly waiting for Bitcoin [BTC] to breach crucial resistance at $9.8k and enter the $10k club. Even though Bitcoin's price did surge past the $10k mark, it couldn'tThe post Bitcoin's derivatives market: Why Bakkt isn't gaining market share compared to Bitmex, Deribit appeared first on AMBCrypto.

2020-2-10 18:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Andre Cronje hints at Fantom network meme coins integration

In a move that could reshape the landscape of the Fantom blockchain network, Andre Cronje, the network’s co-founder, has hinted at the potential integration of meme coins. This development, amid a surge of interest in meme coins across various platforms, signals Fantom’s readiness to explore new horizons and take advantage of the wave. Fantom’s meme […]

Fantom preparing to launch Sonic introducing shared sequencer for L1 and L2 chains

On March 25th, Fantom Foundation CEO Michael Kong unveiled plans for the upcoming release of Sonic, a groundbreaking advancement set to revolutionize the blockchain landscape. Sonic, a culmination of years of research and development, promises to introduce a shared sequencer tailored for both Layer 1 (L1) and Layer 2 (L2) chains, an innovation poised to […]