The price of Fantom (FTM) shows strength and could be set for a major run against Tether (USDT) with eyes set on $0.7.\u00a0<\/p>\n
Bitcoin\u2019s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market. As a consequence, the price of Fantom was able to try and break out of its range.<\/p>\n
The consumer price Index provides a gauge with regard to inflation in the economy while instigating BTC prices and other altcoins. (Data feeds from Binance)<\/p>\n
Price Analysis Of FTM On The Weekly Chart
\nWeekly FTM Price Chart | Source: FTMUSDT On Tradingview.com<\/p>\n
From the chart, the price of FTM saw a weekly low of around $0.2, which bounced from that area and rallied to a price of $0.4.<\/p>\n
The price has built more momentum as it faces resistance at $0.4.<\/p>\n
If the price of FTM on the weekly chart continues with this bullish structure, it could quickly revisit\u00a0 $0.7.<\/p>\n
Weekly resistance for the price of FTM \u2013 $0.4.<\/p>\n
Weekly support for the price of FTM \u2013 $0.2.<\/p>\n
Price Analysis Of FTM On The Daily (1D) Chart
\nDaily FTM Price Chart | Source: FTMUSDT On Tradingview.com<\/p>\n
The price of FTM found strong support at around $0.2, with what seems to be an area of interest on the daily chart.<\/p>\n
FTM bounced from its support and rallied as it faces resistance to break above a ranging channel and has continued to move in range.<\/p>\n
At the time of writing, the price of FTM is at $0.39, above the 50 exponential moving average with a price at $0.33 trying to break above a ranging channel to the upside.<\/p>\n
FTM is facing a resistance of $0.4 to break the channel, If the price of FTM breaks above the $0.4 resistance with good volume the price of FTM could rally to a high of $0.7.<\/p>\n
The RSI for the price of FTM on the daily chart is above 65, indicating healthy buy bids for FTM.<\/p>\n
The volume for FTM indicates buy bids, this shows bulls would want to push the price higher.<\/p>\n
Daily (1D) resistance for FTM price \u2013 $0.4.<\/p>\n
Daily (1D) support for FTM price \u2013 $0.33, $0.3.<\/p>\n
Price Analysis OF FTM On The Four-Hourly (4H) Chart
\nFour-Hourly FTM Price Chart | Source: FTMUSDT On Tradingview.com<\/p>\n
The price of FTM has continued to maintain its bullish structure despite facing resistance at $0.4 trying to break out of a ranging channel.<\/p>\n
FTM is trading above the 50 and 200 EMA with prices of $0.372 and $0.33 acting as its support on the 4H chart, as the price faces resistance at $0.4.<\/p>\n
If the price of FTM breaks above the channel with a good volume we could see prices trending to $0.7, In case FTM is unable to break and experience a sell-off, 50 and 200 EMA prices would act as support for FTM prices.<\/p>\n
Four-Hourly (4H) resistance for FTM price \u2013 $0.4.<\/p>\n
Four-Hourly (4h) support for FTM price \u2013 $0.372, $0.33.<\/p>\n
Featured image from zipmex, Charts from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
The price of Fantom (FTM) shows strength and could be set for a major run against Tether (USDT) with eyes set on $0.7.\u00a0<\/p>\n
Bitcoin\u2019s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market. As a consequence, the price of Fantom was able to try and break out of its range.<\/p>\n
The consumer price Index provides a gauge with regard to inflation in the economy while instigating BTC prices and other altcoins. (Data feeds from Binance)<\/p>\n
Price Analysis Of FTM On The Weekly Chart
\nWeekly FTM Price Chart | Source: FTMUSDT On Tradingview.com<\/p>\n
From the chart, the price of FTM saw a weekly low of around $0.2, which bounced from that area and rallied to a price of $0.4.<\/p>\n
The price has built more momentum as it faces resistance at $0.4.<\/p>\n
If the price of FTM on the weekly chart continues with this bullish structure, it could quickly revisit\u00a0 $0.7.<\/p>\n
Weekly resistance for the price of FTM \u2013 $0.4.<\/p>\n
Weekly support for the price of FTM \u2013 $0.2.<\/p>\n
Price Analysis Of FTM On The Daily (1D) Chart
\nDaily FTM Price Chart | Source: FTMUSDT On Tradingview.com<\/p>\n
The price of FTM found strong support at around $0.2, with what seems to be an area of interest on the daily chart.<\/p>\n
FTM bounced from its support and rallied as it faces resistance to break above a ranging channel and has continued to move in range.<\/p>\n
At the time of writing, the price of FTM is at $0.39, above the 50 exponential moving average with a price at $0.33 trying to break above a ranging channel to the upside.<\/p>\n
FTM is facing a resistance of $0.4 to break the channel, If the price of FTM breaks above the $0.4 resistance with good volume the price of FTM could rally to a high of $0.7.<\/p>\n
The RSI for the price of FTM on the daily chart is above 65, indicating healthy buy bids for FTM.<\/p>\n
The volume for FTM indicates buy bids, this shows bulls would want to push the price higher.<\/p>\n
Daily (1D) resistance for FTM price \u2013 $0.4.<\/p>\n
Daily (1D) support for FTM price \u2013 $0.33, $0.3.<\/p>\n
Price Analysis OF FTM On The Four-Hourly (4H) Chart
\nFour-Hourly FTM Price Chart | Source: FTMUSDT On Tradingview.com<\/p>\n
The price of FTM has continued to maintain its bullish structure despite facing resistance at $0.4 trying to break out of a ranging channel.<\/p>\n
FTM is trading above the 50 and 200 EMA with prices of $0.372 and $0.33 acting as its support on the 4H chart, as the price faces resistance at $0.4.<\/p>\n
If the price of FTM breaks above the channel with a good volume we could see prices trending to $0.7, In case FTM is unable to break and experience a sell-off, 50 and 200 EMA prices would act as support for FTM prices.<\/p>\n
Four-Hourly (4H) resistance for FTM price \u2013 $0.4.<\/p>\n
Four-Hourly (4h) support for FTM price \u2013 $0.372, $0.33.<\/p>\n
Featured image from zipmex, Charts from TradingView.com\u00a0<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-5412","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=5412"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5412\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=5412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=5412"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=5412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}