equitieswatch
Saturday, January 28, 2023
About us
Advertise
  • Home
  • Stock Market
  • Finance
  • Cryptocurrency
  • Commodities
No Result
View All Result
Equitieswatch.com
No Result
View All Result

Flat Trading and Lowering Prices For FTM, Crypto Winter?

by equitieswatch
April 30, 2022
in Cryptocurrency

    • Fantom (FTM) is currently ranked 43rd on CoinMarketCap’s list in terms of market cap.
    • FTM saw a 2.41% drop over the last 24 hours.
    • TA indicators show that the trading volume for FTM will remain flat and its price on a downwards slope for the foreseeable future.

Fantom (FTM) is currently ranked 43rd on CoinMarketCap’s list after its market cap, together with its price, experiences a $2.41% drop over the last 24 hours.

This puts FTM right behind Tezos (XTZ) in the 42nd position and in front of THORChain (RUNE) in the 44th position.

As things stand, FTM’s price is at $0.932, which translates to about 0.00002434 Bitcoin (BTC) and 0.0003291 Ethereum (ETH). The highest price reached by FTM in the last 24 hours was $1.02.

Over the last week, FTM saw a 14.33% drop in price, this has taken the market cap of the coin down to $2,448,725,405.

When looking at FTM’s trading volume in the last 24 hours the coin moved to over $33 miliion. This is a 6.87% increase from yesterday’s numbers. However, the trading activity for Fantom is still relatively low compared to what it was at the beginning of this year.

FTM shows clear signs of crypto winter (Source: TradingView)

Looking at the above daily chart for FTM/USD, FTM has been in a bearish cycle since the beginning of the year. During this period there was also a significant amount of trading volume, arguably the most the coin has ever seen. Since then, it seems the trading activity has died off and become quite flat.

Given the gradient of the bollinger bands, the position of the 15 EMA with respect to the 50 EMA, and the low daily trading volume, it’s fair to say that the trading volume for FTM will remain flat and its price on a downwards slope for the foreseeable future.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Source link

YOU MAY ALSO LIKE

BTC Below $20,000, ETH Slips Under $1,000 – Market Updates Bitcoin News

Bitcoin Breaches $19K Level – Will Selloff Continue? What’s The Next Bottom?

ShareTweetPin

Search

No Result
View All Result

Recent News

Oil slips further on demand, financial market worries By Reuters

Oil Sinks Further Amid China Concerns, Weakened Economic Prospects By Investing.com

October 25, 2022
Gold Up, Set for Second Weekly Gain as Dollar Falls from 20-Year High By Investing.com

Gold Pressured Near $1,650, Copper Muted on Economic Fears By Investing.com

October 25, 2022
Explainer-What would be the impact of Russian oil sanctions in Europe? By Reuters

Oil prices edge higher as U.S. dollar eases By Reuters

October 25, 2022
Equitieswatch.com

Equitieswatch.com is your Stock Market, Finance, Forex, Cryptocurrency, Business, NFT News Website. We provide you with the latest breaking news and videos straight from the Business industry.

  • Home
  • About us
  • Contact
  • Privacy Policy

© 2022 www.equitieswatch.com

No Result
View All Result
  • Home
  • Stock Market
  • Finance
  • Cryptocurrency
  • Commodities

© 2022 www.equitieswatch.com