Cryptocurrency

April

Fantom

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-sees-positive-turn-in-early-july/" data-wpel-link="internal">Cryptocurrency Market Sees Positive Turn in Early July</a> 
Cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>, which has been experiencing a tiring environment for weeks, began to reverse as of the early hours of July. <a href="https://en.coin-turk.com/bloomberg-analysts-bitcoin-commentary-what-can-the-third-quarter-bring/" data-wpel-link="internal">BTC</a> is trading at $63,000 at the time of writing. Altcoins turned green and many started moving towards their near resistance levels. Could the next opportunity be FTM Coin? 
<h2 style="text-align: justify" id="fantom-ftm">Fantom (FTM)</h2> 
In the last 24 hours, the FTM Coin price has increased significantly. The rise continued across altcoins. Recent Circle and Coinbase <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> supported the market after the US markets opened. Fantom (FTM) is trading at $0.59, and the increase in trading volume supports the possibility of continued positive divergence. The current volume of $116 million increased by 82%. 
When we look at the ratio of daily trading volume to profit and loss, we see that it has reached the highest level since April 8, at 4.29. This indicates that a significant portion of the transactions resulted in profit. High profitability indicates the continuation of the rise. Here, 4.29 is positive. 
<h2 style="text-align: justify" id="ftm-coin-price-prediction">FTM Coin Price Prediction</h2> 
For now, looking at the daily movement, there is a promising picture for the continuation of the rise for FTM Coin. MACD started to recover as of June 24. The fact that buyer interest is recovering before BTC should be motivating. Since MACD is often used to monitor trend reversals, it may signal stable growth in price. 
When the MACD line intersects with the rising trend (orange) line, this signals a rise. If the buying pressure for FTM Coin continues to strengthen and profit-taking remains weak, we could see higher peaks if BTC holds above $62,500. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-366940 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/FTMUSDT_2024-07-01_20-28-30.png" alt="" width="1314" height="606"> 
In a possible decline, a retreat to the $0.53 support level could be seen. However, the price is now closer to testing the $0.624 resistance. If this level can be regained and $0.637 turns into support, we could see a new rise attempt targeting $0.85 for FTM Coin. Beyond that, there are targets of $0.96, $1.04, and $1.16. 
In case of excessive selling, local support losses could test the $0.51 and $0.42 support levels. Of course, as with all other matters in crypto, it is impossible to predict the future. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-sees-positive-turn-in-early-july/" data-wpel-link="internal">Cryptocurrency Market Sees Positive Turn in Early July</a></h5>

Cryptocurrency Market Sees Positive Turn in Early July

Table of Contents

COINTURK NEWS

Other articles published on Jul 1, 2024

Cloudbet Integrates Ethena USDe (sUSDe) Stablecoin and ENA Tokens (1 Jul)

How To Earn +70% With JLP and jupSOL

Token Unlocks Impact Cryptocurrency Prices Differently

Stellar (XLM) Investors Flock to BlockDAG for $2M Giveaway as Its Presale Hits $54.5M Despite Ris...

Uniswap Fiat Services Now Boosted With Transak Support

Bybit Takes Center Stage at IVC Official Opening Party with Immersive Web3 Experiences (1 Jul)

Join our free newsletter for daily crypto updates!