Momentum

Fantom

<ul class="list-ic vertical"> 
 <li> 1 <a>Fantom (FTM) crypto witnessed a drop in price volatility.</a> </li> 
 <li> 2 <a>FTM crypto may soon breach the trendline hurdle of $0.800.</a> </li> 
</ul> 
The Fantom (FTM) crypto price trades in a narrow range and displays low investor interest this week. The FTM crypto took support on the 100-day EMA mark and is eyeing for a breakout. 
However, the Fantom crypto had done the retracement of over 30% last month and has retested the support zone of the $0.6000 mark. A break and close above the $0.800 mark would validate the reversal. 
At press time, the <a href="https://www.thecoinrepublic.com/2024/02/05/fantom-crypto-faces-uncertainty-near-50-ema-whats-next/" target="_blank" rel="noreferrer noopener">Fantom crypto</a> (FTM) price traded at $0.7107 with an intraday drop of 2.76%, reflecting neutrality on the charts. It has a monthly return ratio of -28.90% and 93.29% yearly. 
The pair of FTM/BTC is at 0.0000117 BTC, and the market cap is $1.27 Billion. Analysts are neutral and suggest that the FTM price may register a sharp bounce and will head toward the $1 mark soon. 
<h2 class="wp-block-heading" id="strong-can-fantom-ftm-regain-momentum-price-action-outlook-strong">Can Fantom (FTM) Regain Momentum: Price Action Outlook</h2> 
On the daily charts of the Fantom crypto, range-bound movements, and low investor interest were witnessed. Amidst the market’s negative sentiments, the Fantom crypto has made gains decisively and remained above the 100- and 200-day EMA mark, revealing the short-term profit booking outlook.  
<a href="https://www.tradingview.com/chart/FTMUSDT/GgDhfsEY-FTM-Price/"></a><a href="https://www.tradingview.com/u/TheCoinRepublic/"></a><a href="https://www.tradingview.com/"></a>  
Source: TradingView 
The intraday trading volume showed a notable bounce of over 45.36% to $193.29 Million.&nbsp;The Momentum Indicator (Relative Strength Index) looks neutral, and the curve stands at 47, replicating a positive crossover. 
Likewise, the daily transactions of the Fantom crypto showed a notable spike of over 97% this week. 
<div class="wp-block-image"> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/6k9KyneL1Sfw7taFbgGXmQKYvbqKnTi7ZxRmBgcQ8iL03lIKNEn4ZYRzGCkV3PABl9WPRvv9HTaj6cWEyJBujsIlFlnSI19G-5uZOcVLrH6GQv8JsyKMLzcVuNUBlMJnAkcl0wRciQ5US7mEHKXsS5I" alt="">
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</div> 
Source: Artemis 
Going forward, the social dominance of the Fantom crypto went relatively lower and reached the downside mark of 0.093%, implying slippage in the social platforms’ popularity. <iframe loading="lazy" title="Santiment Chart: Social Dominance (FTM), Twitter Followers 24h (FTM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=fantom&amp;pt=FTM&amp;df=2023-11-11T18%3A29%3A59.743Z&amp;dt=2024-05-11T18%3A29%3A59.743Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_24h&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
Conversely, in the last 24 hrs, the value of Twitter followers showed a gigantic up move and surged over 43.89% to 88. 
The immediate support levels for the Fantom crypto (FTM) are $0.6970 and $0.6800, whereas the key upside hurdle is around $0.7200, followed by $0.7400. 
<h4 class="wp-block-heading">Conclusion</h4> 
The Fantom (FTM) crypto signifies range-bound movement and is ready for an upcoming blast ahead. If the trendline barrier of $0.800 is breached, a sharp up move can be seen. 
<h5 class="wp-block-heading">Disclaimer</h5> 
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;

Fantom (FTM) Hovers In Range: Can FTM Breach $0.800 Mark?

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Thecoinrepublic.com

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