您现在的位置是:Is $1.5 the next low for Fantom (FTM/USD)? >>正文
Is $1.5 the next low for Fantom (FTM/USD)?
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛6173人已围观
简介FTM/USD is down 7.83% in the past 24 hours and 33% in the last seven daysThe crypto token sits at th...
- FTM/USD is down 7.83% in the past 24 hours and 33% in the last seven days
- The crypto token sits at the support of $2.0 in a bearish market
- $1.50 is the next support level if FTM/USD breaks below the consolidation zone
Fantom’s token FTM/USD has been on a strong rally since December 21, when all other cryptocurrencies were experiencing major weaknesses. It rose from a low of around $1.35 on December 21 to a high of $3.37 on January 17.
However, the token faced bearish pressure and has been dropping since then. At the current trading of around $2.0, FTM/USD has dropped by more than 7% in the past 24 hours, extending losses in the week to at least 33%.
FTM/USD technical analysis – $2.0 is the established support
Source – TradingView
Looking at the daily chart above, FTM/USD has retreated to the support of $2.0. It attempted to rebound before retesting the support again in price weakness that has engulfed the entire cryptocurrency industry. The overall weakness has been connected to the upcoming policy tightening by Fed aiming to tame the rising inflation.
Although FTM/USD is rebounding from the support, it still faces bearish pressure, with the 9-day, 14-day, and 20-day providing resistance. A short-term resistance also exists at the $2.39 level and could constrain prices. We need to watch the close of the candlestick on the daily chart to confirm a trend reversal or continuation.
Summary
Based on the technical pointers, FTM/USD presents a buying opportunity if the $2.0 level holds. A price action signal such as the formation of a bullish pin bar at the support could signal a trend reversal and take FTM/USD higher.
Nonetheless, FTM/USD could break below the support if crypto weakness continues. A break below the current level would see the token claim the $1.5 zone, which is the next support.
Tags:
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/67561.html
相关文章
GPT Zero: A student created an app that outsmarts ChatGPT
Is $1.5 the next low for Fantom (FTM/USD)?By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Teachers...
阅读更多
China's new quantum code
Is $1.5 the next low for Fantom (FTM/USD)?By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Chinese r...
阅读更多
AAVE/USD recovers above $70 as bulls target breakout to new ATH
Is $1.5 the next low for Fantom (FTM/USD)?A bullish breakout above $80 will boost AAVE/USD, with a rally to $100 possible in the next few week...
阅读更多
热门文章
最新文章
Vasco da Gama to tokenise FIFA early
EV battery nickel product to be produced in the US for the first time
DeFi Index Funds Not As Diverse As They Could Be
CEO ChatGPT? In a world first, AI chatbot to helm company
Ripple (XRP) is looking poised to rally towards $1
CO2 captured with DAC in concrete for the first time, claim companies