您现在的位置是:Fantom (FTM/USD) eyes a breakout. Is the token about to post sustainable gains? >>正文
Fantom (FTM/USD) eyes a breakout. Is the token about to post sustainable gains?
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛177人已围观
简介Fantom token has recovered by 28% in the last seven daysDevelopments around Fantom asset base have b...
Fantom token has recovered by 28% in the last seven days
Developments around Fantom asset base have boosted the cryptocurrency
FTM has hit a descending trendline and could correct
Fantom (FTM/USD) trades at $0.24 as of press time, its highest level in nearly a month. The cryptocurrency has risen by 28% in the past week, a robust recovery since it bottomed at $0.17. The gains come amid positive cryptocurrency news.
The latest FTM gains came as reports suggested that the Fantom Foundation earns consistent profits. According to the financial records dated November 28, Fantom was generating more than $10 million annually. The reports also indicated that Fantom could have about $340 million worth of digital assets. The assets could last 30 years without the foundation having to sell its stash of FTM tokens.
With many crypto firms and exchanges under a liquidity crunch, the records of Fantom boosted investors’ confidence. Addresses holding Fantom tokens saw a strong increase in November from the smallest to the largest investors. The accumulation suggests that investors anticipate a recovery in the cryptocurrency’s price, which has lost 93% from its ATH. But can buyers sustain the recovery?
FTM heading to the descending trendline
FTM/USD Chart by TradingView
Technically, the Fantom token has recovered above crucial support at $0.20. The recovery has seen the cryptocurrency move above the moving averages. However, the token remains trapped by a long-term descending trendline.
The RSI reading shows that FTM is nearing overbought levels at the descending trendline. A possible correction could occur before buyers have a chance to break the crucial barrier.
What next for FTM?
A breakout above the descending trendline will confirm further gains in Fantomtoken. A breakout will allow buyers to ride to $0.30 next and $0.40.
On the flip side, FTM will be rejected at the descending trendline. That will allow bears to force a correction back to $0.20. However, with growing FTM accumulation, buyers may crave another chance to break above the descending trendline.
Where to buy FTM
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Open AccountPublic
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.
Buy FTM with Public todayTags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/161479.html
相关文章
Pakistan's Bazaar nets $30 million in a Series A round
Fantom (FTM/USD) eyes a breakout. Is the token about to post sustainable gains?The B2B e-commerce startup plans to use part of the funds to expand its reach across the country's r...
阅读更多
FTX.US acquires crypto derivatives exchange LedgerX
Fantom (FTM/USD) eyes a breakout. Is the token about to post sustainable gains?The US subsidiary of cryptocurrency exchange FTX has announced it is working on an acquisition deal...
阅读更多
AID:Tech to use USDC in fraud
Fantom (FTM/USD) eyes a breakout. Is the token about to post sustainable gains?The company uses digital ID and blockchain technology to deliver international aid and disbursements...
阅读更多
热门文章
- Chainalysis Reports High Darknet Activity in Eastern Europe
- Japan: World's largest nuclear fusion reactor gets operational
- CoinLinked To Raise $5 Million Via A Regulated STO
- Crucial personality traits of successful start
- Crypto Transactions Between Latin America & Asia Are Growing
- Nigeria's Central Bank announces Bitt partnership
最新文章
Aviation startup aims to eradicate airliner turbulence by 2030
Bithumb to restrict foreign accounts without KYC
Alchemy Pay tokens up 140%: here is where to buy them
Apple M3 chip: Apple reportedly spent $1 billion on developing M3 chips
HSBC trials tool to deter quantum
Litecoin price eyes rebound after 18% crash