TA- Fantom Shows Strength – Eyes $0.70

TA- Fantom Shows Strength – Eyes $0.70

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TA- Fantom Shows Strength – Eyes $0.70

NewsBTC2 months ago
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Published on August 11, 2022 16:51 GMT+00:00edited on August 11, 2022 17:04 GMT+00:00

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The price of Fantom (FTM) shows strength and could be set for a major run against Tether (USDT) with eyes set on $0.7. 

Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market. As a consequence, the price of Fantom was able to try and break out of its range.

The consumer price Index provides a gauge with regard to inflation in the economy while instigating BTC prices and other altcoins. (Data feeds from Binance)

Price Analysis Of FTM On The Weekly Chart Weekly FTM Price Chart | Source: FTMUSDT On Tradingview.com

From the chart, the price of FTM saw a weekly low of around $0.2, which bounced from that area and rallied to a price of $0.4.

The price has built more …