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Fantom(FTM) Technical Analysis: FTM Price Feared To Plunge Another 10%

Fantom(FTM) Technical Analysis

Key Takeaways

Fantom(FTM) Technical-Analysis for Today: 10 March 2022

The FTM price is swinging within range-bound levels for the past couple of days. Woefully, the asset broke down from the local support and plunged. However, only with a 5% drop, the asset manage to sustain the trembled situation with a consolidation. 

The asset may continue to accumulate for some more time to test the lower support close to $1.15 and ignite a notable rebound. The rebound may not be stronger as expected and hence the price may keep swinging in between $1.15 to $1.3 until the end of the day’s trade. 

Fantom(FTM) Technical Analysis at a Glance

Fantom price is manifesting huge possibilities of dropping to the lower support levels. The pattern displaying no significant rebound may prevent the asset from visiting these levels. And hence, despite the buyers’ jump in, the price may witness an interim relief but could continue to range towards the south.

Short-Term The FTM price plunged hard and is accumulating close to the lower support. The consolidation may continue until the day’s close
Mid-Term Price is swinging within a descending parallel channel without any possibilities of a flip or a breakout
Long-Term Fantom price had formed a huge bearish pattern, hence may plunge hard towards the lower support close to $1 very soon

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1Hr / 1D) Action (1Hr / 1D)
Relative Strength Index(RSI) 28.9 / 35.4 Sell / Sell
MACD(12,26) -0.025 / -0.163 Sell / Sell
Average Directional Index(ADX) 44.46 / 23.6 Sell / Sell
Bull-Bear Power -0.0806 / -0.44 Sell / Sell

Additional Read: Top Crypto News Today, 10 March 2022

Pivot Levels

Pivot Levels Short-Term Long-term
Moving Average(MA)-50 $1.35 $1.91
Moving Average(MA)-200 $1.59 $1.78
Resistance $1.42 $1.83
Support $1.16 $0.9708


Oscillators Short-Term Long-Term
Stochastic Oscillator 20.9 17.74
Ultimate Oscillator 31.4 30.33
Average True Range(ATR) 0.0202 0.1952
CCI -109.6 -128.99

The Fantom price is extremely bearish in both the time frames indicating the possibilities of the lower support to be tested soon. Also, the strength is weakened, therefore no strong rebound may be expected. Moreover, the asset may not be pretty much volatile signifying the continuation of a descending consolidation. The immediate resistance is a little distant than the support. Hence a revisit to the lower support may be quite possible before a strong rebound. 

FTM /USDT Technical-Analysis for Short-Term

Source: Tradingview

FTM/USDT Technical Analysis for Long-Term

Source: Tradingview

Additional Read: Fantom Price Prediction

Where & How to Buy Fantom(FTM coin)

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The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


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