Fantom

<ul><li>Fantom (FTM) faces crucial resistance at $0.65 and $0.75 for a potential bullish reversal.</li><li>A descending triangle pattern suggests $0.51 as key support for Fantom&#39;s price stability.</li><li>Recent volume spikes during price movements highlight strong market interest in Fantom (FTM).</li></ul>The recent surge in meme coins has taken a breather, allowing altcoins from various segments to emerge. Notably, AI tokens have garnered attention, and now, DeFi tokens are also in the spotlight.<a href="https://cryptotale.org/fantom-ftm-shows-signs-of-recovery-after-sudden-crash-report/" rel="noopener noreferrer nofollow">Fantom </a>(FTM) has seen a resurgence, drawing interest from sideline traders. This renewed demand has sparked speculation about whether Fantom can surpass the $1 mark, especially as it defends the crucial $0.50 support level despite struggling to breach local downtrend resistance.As per <a href="https://coinmarketcap.com/community/post/337292122/" rel="noopener noreferrer nofollow">Crypto Rand</a>, an analyst, the price trend of Fantom against USDT on a daily timeframe reveals intriguing insights. From March to April, Fantom experienced a significant uptrend, peaking in late April.This uptrend was followed by a notable correction and consolidation phase from May to June. During this period, the price oscillated between a resistance level around $0.75 and a support level at $0.65. However, in June, the price broke down from this consolidation range, signaling a bearish trend.<a href="https://cryptotale.org/fantom-defends-crucial-0-50-support-will-it-break-through-downtrend-resistance/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Fantom Defends Crucial $0.50 Support: Will It Break Through Downtrend Resistance?

CryptoTale

Další články publikované 22. 6. 2024

Dogwifhat (WIF) Memecoin Plunges 50% In Valuation This Month!

Crypto Analyst Predicts Bitcoin To Blast Off To $90,000 If This Happens

Ethereum Gets Cheaper! Gas Prices Dive, Layer 2 Soars

Investors Are Betting Big On These New Cryptos

The Future of Finance: These Cryptos Are Leading the Way

Binance-listed LayerZero (ZRO) token price drops sharply in the last 24 hours

Join our free newsletter for daily crypto updates!