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FANTOM Price Analysis: FTM zone of $0.3099 might bring bearish sentiments in the market now.

FTM
  • The TVL of the token is 125,776,894.
  • The coin has a circulating supply of 2,545,006,273 FTM coins and a max. supply of 3,175,000,000 FTM coins.
  • The RSI oscillator for FTX shows the NEUTRAL action.
Tradingview

The last known price of the token, FTM, is 0.3218 and is up by 6.18% over the last 24 hours. It has the current trading volume(s) of 73,156,334, with a gain of 25.72% over the last 24 hours. FTM has a total block till the time of 13908054 with the active validator of 45 in the last 24 hours. The current epoch of 26142.

The number of total addresses is 29985, whereas the active addresses are 488.

Its top 10 and 20 holders have more than 60% holdings, whereas its top 50 and 100 holders have more than 70% holdings.

The chart above shows the movement of FTM where 200 DMA has been running below it, and even DMA-50 is below it. We see the token with respect to SMA’s, which are 20, 50, and 200, and it is SMA-20 which is above the other two SMA one(SMA-200) SMA and  the other(SMA-50). We see an upwards pattern here where the bullish sentiments have been ruling in the market. The trend line marked shows this upwards shifting. Recently, the monthly high went to $0.3400  

BUY or SELL?

An RSI oscillator is also present in the chart, which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 50.298 and marks the neutral action. MA-5, MA-10, and MA-20 show the sell action. MA-100 and MA-200 show the same buy action. 

The bull/bear power has the value of -0.0054 and shows the sell action. The high/low marks the sell action with the value of -0.0029.

The FTM-BTC pair is trailing at the level of 0.000006925, and the gain of 2.86% was seen, whereas the FTM-ETH pair is trailing at the level of 0.00009926, and the gain of 2.69% was seen in the last 24 hours. The volume/market cap of the token is 0.08804, and its market dominance is 0.04%.

Conclusion: The day’s range for the coin is 0.304482-0.339401 and presently is up by 2.06% to 0.3159. The 24 hours high and low of the coin is 0.3398 and 0.302, respectively. We observed that the candles might sink in the coming time to either 0.300 or to 0.270 levels. Long the token when it reaches near to the mentioned levels.

It would be fine to sell the token now if decent returns are attained.

Technical Instruments:

Pivot: 0.321960

R-1: 0.332486

R-2: 0.334541

S-1: 0.325834

S-2: 0.323779

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour