- The Fantom crypto is in a downtrend, around -17.0%, during the intraday trading session.
- The 24-hour trading volume is at $540 million.
- FTM/BTC pair is trading negative by 14.0% at 0.00002851 BTC.
Daily technical chart and price trend of Fantom crypto are showing a downward trend. Based on the pivot level, the initial support level is 1.0 USDT. From another perspective, if it accelerates, the resistance level to watch is 1.70 USDT. Although the chart created a Bearish Engulfing candlestick pattern during the day, the price is expected to remain downside with high reliability.
Ichimoku Cloud is composed of lead-1 and lead-2, and the displacement value is 1. It operates as a pivot level and leading indicator of asset price changes. Investors can see that the price breaks above the Red Moku Cloud and is now struggling to stay above the Green Moku Cloud, ensuring the bullish trend of FTM if the price stays above the cloud.
Trading volume (111.213 M) is below the 20-day moving average (403.669 M). In short, the low volume caused the price to get rejected from the resistance zone. Investors may also notice that the volume bars on the chart are declining, which indicates that surprising volatility is expected in the next trading days.
The Stochastic RSI (bearish) with a value of K-15 D-37 presents a sell signal in the coin. Investors may observe a declining slant and a negative crossover in the index. It may remain in negative territory for future trading sessions.
Fantom Crypto Oscillators Signals Bearish Move
Fantom’s price today is 1.27 US dollars, and the 24-hour trading volume is 540,872,929 US dollars. The price of FTM has fallen by 17.0% in the past 24 hours. The circulation of FTM coins is 2.5 billion, and the total supply is 3.18 billion. The Stochastic RSI indicator shows a sell sign, and the traders have led to low volume. Technically, the price struggles at the resistance areas and continues in a downtrend. Accordingly, as with the overall market viewpoint, the trend remains bearish for upcoming trading sessions.
Resistance Level: $1.70
Support Level: $1.0