- The FTM coin price is in an uptrend, around 18.7%, during the intraday trading session.
- The 24-hour trading volume is at $596 million.
- FTM/BTC pair is trading positive by 13.3% at 0.00002841 BTC.
Source: FTM/USDT on TradingView
Daily technical chart and price trend of FTM coin are showing a bullish trend. Based on the pivot level, the first support zone is 1.0 USDT. From another perspective, if it rushes, the resistance level to watch is 1.60 USDT. Thus, the graph made a bullish engulfing candle pattern yesterday, and the cost is relied upon to remain upside with unwavering high force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost is now above the green ribbon, so it will guarantee an upswing in Fantom until it’s above the ribbon.
Trading volume (62.24 M) is underneath the 20-day moving average (373.424 M). To put it plainly, the volume is low, making the cost remain at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.
The MACD indicator gives (bearish) cross over the signal line on Sep 14, demonstrating a sell signal in the coin. Additionally, Investors can see huge red bars on the Histogram index.
Fantom (FTM) Coin Price Action Lacks Momentum
Fantom today’s price is $ 1.26 with a 24-hour commercial volume of $ 596,349,184. The price of FTM is 18.7% in the last 24 hours. It has a circulation supply of 2,500 million FTM coins and a total supply of 3.18 billion. The MACD points to a selling indication, and the traders have prompted low volume. In fact, the cost struggles at the support level. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.
Resistance Level: $1.60
Support Level: $1.0