Issued on: 04th July’23
Valid upto: 10th July’23
Token: FTM
Category: Layer-1 Blockchain
Market Cap: $885 Million
Circulating Supply: 2,798,652,427
Total Supply: 3,175,000,000
Price Update:
FTM price at the time of writing (04th July, 12:10) is $0.3192, with a 24-hour trading volume increased by 9.93% to $74 million. FTM price is up by 0.83% in the last 24 hours according to coinmarketcap.com.
Source: TradingView
Analyzing the above chart:
- In the 1-Day time frame, FTM displays a bullish MACD divergence, suggesting a bullish outlook.
- In the 4-hour time frame, FTM is trading above both the 99-EMA and 200-EMA, indicating a potential bullish trend in the medium term.
- The declining BTC dominance & stable BTC price may create a favorable environment for FTM to rise. FTM’s strong and bullish price action suggests potential upward momentum.
- A Long Trading strategy can be assessed between $0.3151-$0.3197 with invalidation below $0.2964
- On the upside, one can see a rise of 10-15% toward $0.3487 & $0.3614
- It would seem that one should maintain a balanced risk-to-reward ratio and check the use of leverage and position size to ride out current market conditions.
Note: FTM is now available in the futures market in both Go and Pro apps with up to 15x leverage.
Trade FTM in Futures Market at CoinDCX
LAST TWO WEEKS’ ANALYSIS SUMMARY:
Return % is calculated based on pricing data as available on the platform and is valid for 15 days from the date of publishing.
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