Deniz 
Fantom (FTM) has been under significant selling pressure this week, as reflected by both its market performance and technical indicators. With the majority of signals pointing towards a bearish outlook, FTM’s near-term prospects appear challenging, and traders may need to exercise caution.
Market Overview:
- Current Price: $0.4591
- Market Capitalization: $1,287,761,529
- Fully Diluted Valuation: $1,458,336,443
- 24-Hour Trading Volume: $279,985,607
- Circulating Supply: 2,803,634,835 FTM
- Total Supply: 3,175,000,000 FTM
- Max Supply: 3,175,000,000 FTM
With a market capitalization of around $1.29 billion and a 24-hour trading volume of almost $280 million, Fantom’s market is clearly rather busy. But the price activity over the previous week has been erratic; FTM trades within a band of $0.3592 to $0.465. These swings mirror the larger uncertainty and selling pressure that have dominated the market.
Price Performance and Historical Context
- 24h Range: $0.3951 – $0.4677
- 7d Range: $0.3592 – $0.465
- All-Time High: $3.46 (Oct 28, 2021) – down 86.7%
- All-Time Low: $0.001902 (Mar 13, 2020) – up 24042.9%
Currently priced much below its all-time high of $3.46, set in October 2021, Fantom Reflecting the trajectory of the wider market, the token has lost 86.7% of its value since then. Still, FTM shows a significant long-term increase since it is much above its all-time low of $0.001902 from March 2020.
Technical Indicators: A Bearish Outlook
- Overall Technical Rating: Strong Sell
- Buy Signals: 1
- Sell Signals: 8
- Neutral Indicators: 2
FTM’s technical indicators show a bleak picture, with a powerful sell signal taking center stage. At 45.12, the Relative Strength Index (RSI) is neutral, meaning FTM is neither overbought nor oversold. Other signals, such as the stochastic oscillator, MACD, and Williams %R, however, all point to a sell, implying that the bearish trend is probably going to keep on.
- Stochastic Oscillator (9,6): 32.047 – Sell
- Stochastic RSI (14): 33.02 – Sell
- MACD (12,26): -0.032 – Sell
- Williams %R: -72.103 – Sell
- CCI (14): -67.8308 – Sell
- ATR (14): 0.1258 – Less Volatility
- ROC: -48.439 – Sell
- Bull/Bear Power (13): -0.1715 – Sell
- Ultimate Oscillator: 53.055 – Buy
With just the Ultimate Oscillator offering a buy signal, the mix of these indicators suggests ongoing selling pressure on FTM. Though the overwhelming amount of sell signals does not port well for short-term price action, the average true range (ATR) shows lesser volatility, which would suggest a time of consolidation.
Moving Averages: A Confirmed Downtrend
- Overall Moving Averages Rating: Sell
- Buy Signals: 4
- Sell Signals: 8
The moving averages confirm even more the pessimistic attitude toward FTM. The basic moving average shows a buy, while the exponential moving average for MA10 points to a sell; the short-term moving averages (MA5 and MA10) are mixed. This mixed signal denotes some extremely short-term uncertainty.
- MA20: Both the simple and exponential moving averages for the MA20 are in sell territory, reflecting the ongoing downtrend.
- MA50 and MA200: The medium and long-term moving averages are firmly in the sell category, indicating that the overall trend for FTM remains bearish.
Conclusion: Bearish Sentiment Dominates
With so many sell signals from both technical indicators and moving averages, Fantom (FTM) is now under substantial selling pressure. According to the present market attitude, FTM might keep under constant downward pressure in the near future.
Given the indications of a negative perspective, traders should approach FTM carefully. Low volatility, as shown by the ATR, and strong sell signals point to FTM perhaps suffering more drops before any possible comeback.
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