Ondo

2024

Fantom

The post <a href="https://coinpedia.org/price-analysis/altcoins-stumble-amid-bearish-action-ondo-and-ftm-price-poised-for-a-10-pullback/">Altcoins Stumble Amid Bearish Action! ONDO and FTM Price Poised For a 10% Pullback?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Top altcoins continue to record a consolidated price action over the past few days, highlighting a decline in the price action for these tokens in the crypto market. Moreover, ETH-based tokens have recorded the highest correction this week, indicating increasing selling pressure within the crypto space. 
With the cryptocurrency market entering into a consolidated phase, will the altcoin season experience a delayed start? As the memecoin category has displayed increased bullish sentiment by recording a positive price action since the week started? 
<h2 class="wp-block-heading" id="h-fantom-ftm-price-records-a-bearish-action">Fantom (FTM) Price Records A Bearish Action!</h2> 
Despite recording a jump of approximately 15% this month, the <a href="https://coinpedia.org/price-prediction/fantom-ftm-price-prediction/" target="_blank" rel="noreferrer noopener">FTM coin price</a> has recorded a correction of 6.83% over the past week. Furthermore, the altcoin has added 0.61% to its portfolio with a 9.46% jump in its trading volume over the past day. 
With a trading price of $0.9164, a circulating supply of 2,803,634,836 FTM, and a market cap of $2.267 Billion, the Fantom price has secured the 53rd spot on the global crypto market list. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/QD4XFoOSw2QwEB5tlWMckEDJ61ckVDgxOnAPEs6lVmmY9rE4DdmVmerjpPbir0fNrXO7cNDTz2EcGxcPTHqETVvnlDprm3UBwa1NUO774jbe4bjn-20s15AoWd5q1aNhqa_899Q0Tz9kG3Ti23BklRQ" alt="Fantom Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: FTM/USDT
 </figcaption>
</figure> 
The Cross EMA 50/200-day supports the price chart in the 1D time frame, suggesting a bullish influence in the crypto market. 
However, the MACD displays a constant flatline in its price chart. Furthermore, the averages show a high possibility of a bearish convergence, suggesting a mixed sentiment in the crypto space for the Fantom token. 
If the market regains momentum, the <a href="https://markets.coinpedia.org/fantom/" target="_blank" rel="noreferrer noopener">Fantom price</a> will prepare to test its upper resistance level of $1 during the upcoming weeks. Conversely, if the bears gain control over the bulls, the Fantom crypto will plunge toward its support of $0.70. 
<h2 class="wp-block-heading" id="h-ondo-ondo-price-action">Ondo (ONDO) Price Action:</h2> 
Launched on 18th January 2024 with a trading value of $0.10, the Ondo price has displayed a strong bullish price action. With a return of approximately 675% since its inception and a market cap of $1.740 Billion, the Ondo token has secured the 60th place. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/aGZVOOJQ71uvdx4UoxUQLmNARfjaO0kkNu2p8fCZGWM-Bvdf6awZXXCQ6KtSchlhN7Vn_Lrd5N4CgMfxfEDvYiWo5FMf08E21nEMrbPTAV7Q6zNCpnjK3G-MCxg-ChKD2lHE6eJVGhg3wVXQ8o3bgdQ" alt="Ondo Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: ONDO/USDT
 </figcaption>
</figure> 
The Relative Strength Index (RSI) shows a bearish convergence in the 4H time frame, highlighting an increase in the selling-over-buying pressure in the cryptocurrency market. 
If the market experiences increased bullish sentiment, the ONDO coin price will prepare to retest its all-time high (ATH) of $1.33 this week and potentially head toward its upper resistance level of $1.5 in the coming time. 
However, an increase in the selling pressure could result in the altcoin plunging toward its support level of $1.175 during the upcoming weeks.

Altcoins Stumble Amid Bearish Action! ONDO and FTM Price Poised For a 10% Pullback?

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