In the past 24 hours, Fantom (FTM) has seen a retracement, with bears dominating the market and lowering prices from a high of $0.3533 to a 30-day low of $0.321. This solid negative trend has persisted as of press time, resulting in a 5.68% drop to $0.3293.
The FTM’s market capitalization declined by 5.60% during the bear rally to $918,619,233, while the 24-hour trading volume increased by 280.76% to $252,655,464.
This rise implies a vast increase in trading activity, most likely driven by investors taking advantage of cheaper pricing to enter the market. However, whether this volume rise will last or is merely a fad remains to be seen.
The Aroon down on the FTM/USD 4-hour price chart has moved above the Aroon up, with the former at 85.71% and the latter at 7.14%. This movement indicates that bears in the FTM market are gaining traction and may continue to drive prices down in the near term.
However, the stochastic RSI motion in …
The post Fantom’s Falling Fortunes: FTM Price Plummets, Potential Rebound Ahead appeared first on Coin Edition.
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