Fantom

<p><em><strong>Bullish sentiment is growing for Fantom, hinting at a potential target of $1.44. However, crossing the $1 mark is crucial for FTM. Despite this optimism, selling pressure remains high, with indicators pointing towards a bearish trend.</strong></em></p><h2 id="header-0">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>The recent bear market hit Fantom hard, causing its price to drop by double digits in the past few days. Currently, the token’s price is stable, showing signs of consolidation. There’s potential for a <a href="https://cryptosheadlines.com/analyst-forecasts-terra-classic-lunc-breakout-soon/" rel="noopener noreferrer nofollow">breakout soon</a>, which could push FTM to reach new highs.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/b812847eef844c4c811c5c80f6fe065f.png" /></p><h2 id="header-1">Fantom (FTM) Overview</h2><p>Fantom experienced a significant surge on March 16th, only to see the trend reverse shortly after, erasing its <a href="https://cryptosheadlines.com/chainlinks-weekly-gains-reach-50-setting-sights-on-15-link-price-target/" rel="noopener noreferrer nofollow">gains for the week</a>. CoinMarketCap reported a 10% decrease in FTM’s value in the last 24 hours alone.</p><p>At the time of reporting, FTM was trading at $0.7912, boasting a market capitalization exceeding $2.2 billion.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/b812847eef844c4c811c5c80f6fe065f.png" /></p><p>The heightened volatility in FTM’s price sparked discussions among investors, leading to a notable increase in its Social Volume.</p><p>Despite the price decline, FTM’s Weighted Sentiment surged, indicating a prevailing <a href="https://cryptosheadlines.com/render-token-surges-as-bullish-sentiment-dominates/" rel="noopener noreferrer nofollow">bullish sentiment</a> among market participants.</p><h2 id="header-2">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><h3 id="ftm-analysis-roadblocks-and-bearish-signals">FTM Analysis: Roadblocks and Bearish Signals</h3><p>On March 16th, crypto analyst Ali tweeted about FTM’s price consolidation, noting a potential target of $1.44 if the trend shifted.</p><p>Concerns arose regarding FTM’s ambitious target, prompting a review of its liquidation levels. <a href="https://cryptosheadlines.com/btc-targets-70250-indicator-analysis/" rel="noopener noreferrer nofollow">Analysis indicated</a> significant liquidation near $1, potentially hindering upward movement. Thus, surpassing $1 is pivotal for FTM’s progression.</p><p><a href="https://cryptosheadlines.com/avax-surges-over-13-to-pass-50-is-100-next/" rel="noopener noreferrer nofollow">Also Read:   AVAX Surges Over 13% to Pass $50 – Is $100 Next?</a></p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/03/cryptosheadlines003-16.png?resize&#61;640%2C218&amp;ssl&#61;1" /></p><p>Source: Santiment</p><p>Santiment’s <a href="https://cryptosheadlines.com/on-chain-data-indicates-xrp-bulls-are-emerging/" rel="noopener noreferrer nofollow">data highlighted bearish indicators</a> for FTM. While Supply on Exchanges increased, Supply outside of Exchanges decreased, indicating heightened selling pressure. Additionally, a slight drop in supply held by top addresses suggested <a href="https://cryptosheadlines.com/crypto-whale-sells-3-41-million-strk-tokens-adding-to-decline/" rel="noopener noreferrer nofollow">whale selling</a> activity.</p><h3 id="analyzing-fantom-s-chart-technical-indicators-and-potential-trends">Analyzing Fantom’s Chart: Technical Indicators and Potential Trends</h3><p>Upon reviewing Fantom’s daily chart, the MACD indicator hinted at a possible bearish crossover, signaling a potential downturn. Additionally, the Relative Strength Index (RSI) showed a downtick, <a href="https://cryptosheadlines.com/hong-kong-real-estate-market-moves-towards-tokenization/" rel="noopener noreferrer nofollow">moving towards</a> the neutral mark. This downward <a href="https://cryptosheadlines.com/current-crypto-market-trends-decline-in-btc-eth-and-pepe-coin-prices/" rel="noopener noreferrer nofollow">trend suggested a continuation of FTM’s price decline</a> in the near future.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/03/cryptosheadlines002-17.png?resize&#61;640%2C420&amp;ssl&#61;1" /></p><p>Source: TradingView</p><p>Observing FTM’s Bollinger Bands, it was noted that the token’s price remained above the 20-day simple moving average (SMA), indicating a crucial support level. This suggests that FTM might find support at this level, potentially initiating another bullish rally.</p><h2 id="header-3">Conclusion</h2><p>Despite the bearish signals from the MACD and RSI, the presence of key support at the 20-day SMA implies the possibility of FTM beginning another bullish trend after touching this support level.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/0db0f6d86a6d428583ea74aa613216fd.png" /></p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Fantom Falls 10% in One Day: Is $1.4 Too Low for FTM?

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