{"id":9854,"date":"2022-10-16T00:52:53","date_gmt":"2022-10-16T04:52:53","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=9854"},"modified":"2022-10-16T00:52:53","modified_gmt":"2022-10-16T04:52:53","slug":"fantom-bear-market-struggle-continues-will-price-break-the-downtrend-jinx","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/10\/16\/fantom-bear-market-struggle-continues-will-price-break-the-downtrend-jinx\/","title":{"rendered":"Fantom Bear Market Struggle Continues; Will Price Break The Downtrend Jinx?"},"content":{"rendered":"

FTM\u2019s price struggles as a downtrend price movement continue.\u00a0
\nFTM failed to breakout from its range channel as the price was rejected into a downtrend price formation with more sell volume.
\nThe price of FTM shows bearish signs as the price trades below the 50 and 200 Exponential Moving Averages (EMA).<\/p>\n

Fantom (FTM) price movement has had a rough time as the price of Fantom (FTM) shows little or no sign of price bouncing off from its downtrend price formation against tether (USDT). The crypto market recently faced a slight setback with Bitcoin\u2019s (BTC) price dropping from $19,000 to $18,100 as the Consumer Price Index (CPI) news indicated an increase in inflation, which affects the price of BTC and altcoins. (Data from Binance)<\/p>\n

Fantom (FTM) Price Analysis On The Weekly Chart<\/p>\n

Given the sharp decline in the crypto market after the release of the CPI news, the market appeared to be manipulated, with Bitcoin (BTC) dropping from $19,200 to $18,200 in hours and then back up to a range high of $19,800 before rejection back to $19,200. With the possibility of Bitcoin Dominance (BTC.D) rising to a high of 45%, altcoins could suffer more if BTC retraces.\u00a0<\/p>\n

After dropping to a low of $0.22, the price of FTM bounced off this region as price rallied to a high of $0.42, but the price was soon met with more rejection to the weekly low.<\/p>\n

FTM currently trades at $0.2 as the price faces resistance to breaking higher; FTM needs to bounce off this region price has found itself as price dropping lower could lead to more sell-off for holders as there would be more panic for FTM price. FTM needs to breakout this downtrend price formation for the price to have opportunities to trend higher; if the price continues this way, we could see retesting the region of $0.15.<\/p>\n

Weekly resistance for the price of FTM \u2013 $0.25.<\/p>\n

Weekly support for the price of FTM \u2013 $0.15<\/p>\n

Price Analysis Of FTM On The Daily (1D) Chart
\nDaily FTM Price Chart | Source: FTMUSDT On Tradingview.com<\/a><\/p>\n

The daily timeframe for the price of FTM has been more of a struggle to avoid going lower than breaking out of the downtrend. FTM\u2019s price has since struggled after failing to hold support.<\/p>\n

FTM\u2019s price trades at $0.2 as the price continues its movement below the 50 and 200 Exponential Moving Average<\/a> (EMA); the price of $0.5 and $0.24 corresponds to the 200 and 50 EMA, acting as resistance for the price to break higher.\u00a0<\/p>\n

The current market is not favorable for FTM but undoubtedly is one of the great crypto projects that would pick as the market bounces from its downtrend movement.<\/p>\n

Daily resistance for the price of FTM \u2013 $0.24-$0.35.<\/p>\n

Daily support for the price of FTM \u2013 $0.2.<\/p>\n

Featured Image From zipmex, Charts From Tradingview\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

FTM\u2019s price struggles as a downtrend price movement continue.\u00a0
\nFTM failed to breakout from its range channel as the price was rejected into a downtrend price formation with more sell volume.
\nThe price of FTM shows bearish signs as the price trades below the 50 and 200 Exponential Moving Averages (EMA).<\/p>\n

Fantom (FTM) price movement has had a rough time as the price of Fantom (FTM) shows little or no sign of price bouncing off from its downtrend price formation against tether (USDT). The crypto market recently faced a slight setback with Bitcoin\u2019s (BTC) price dropping from $19,000 to $18,100 as the Consumer Price Index (CPI) news indicated an increase in inflation, which affects the price of BTC and altcoins. (Data from Binance)<\/p>\n

Fantom (FTM) Price Analysis On The Weekly Chart<\/p>\n

Given the sharp decline in the crypto market after the release of the CPI news, the market appeared to be manipulated, with Bitcoin (BTC) dropping from $19,200 to $18,200 in hours and then back up to a range high of $19,800 before rejection back to $19,200. With the possibility of Bitcoin Dominance (BTC.D) rising to a high of 45%, altcoins could suffer more if BTC retraces.\u00a0<\/p>\n

After dropping to a low of $0.22, the price of FTM bounced off this region as price rallied to a high of $0.42, but the price was soon met with more rejection to the weekly low.<\/p>\n

FTM currently trades at $0.2 as the price faces resistance to breaking higher; FTM needs to bounce off this region price has found itself as price dropping lower could lead to more sell-off for holders as there would be more panic for FTM price. FTM needs to breakout this downtrend price formation for the price to have opportunities to trend higher; if the price continues this way, we could see retesting the region of $0.15.<\/p>\n

Weekly resistance for the price of FTM \u2013 $0.25.<\/p>\n

Weekly support for the price of FTM \u2013 $0.15<\/p>\n

Price Analysis Of FTM On The Daily (1D) Chart
\nDaily FTM Price Chart | Source: FTMUSDT On Tradingview.com<\/a><\/p>\n

The daily timeframe for the price of FTM has been more of a struggle to avoid going lower than breaking out of the downtrend. FTM\u2019s price has since struggled after failing to hold support.<\/p>\n

FTM\u2019s price trades at $0.2 as the price continues its movement below the 50 and 200 Exponential Moving Average<\/a> (EMA); the price of $0.5 and $0.24 corresponds to the 200 and 50 EMA, acting as resistance for the price to break higher.\u00a0<\/p>\n

The current market is not favorable for FTM but undoubtedly is one of the great crypto projects that would pick as the market bounces from its downtrend movement.<\/p>\n

Daily resistance for the price of FTM \u2013 $0.24-$0.35.<\/p>\n

Daily support for the price of FTM \u2013 $0.2.<\/p>\n

Featured Image From zipmex, Charts From Tradingview\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-9854","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\/9854","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=9854"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9854\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9854"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}