Fantom rejected a 50 day ema and is likely to approach the demand zone.
MACD had generated sell signal whereas RSI at 43 reversing upside from the oversold levels.
Fantom Price is trading with the mild bullish cues and likely to face resistance at downward sloping 50 day ema in coming few sessions. As per coin glass, in the last 24 hours Long and short ratio stood at 0.93 denotes sellers are more as compared to buyers which may create trouble for bullish traders in the next session. Currently,FTM/USDT is trading at $0.2025 with the intraday gains of 2.27% and 24 hour volume to market ratio stood at 0.0871
FTM preparing for a rally ?
Source : FTM/USDT 4 hour chart by Tradingview
On a daily time frame, FTM prices looked quite stable and bulls were struggling to regain its positive momentum. Recently, in November prices breakout upside with a higher volume and created a hope for bullish investors but unfortunately it resulted as a bull trap and prices lost all its previous gain and hit
We współpracy z: https://www.thecoinrepublic.com/2022/12/30/fantom-ftm-price-analysis-should-investors-accumulate-ftm-at-the-demand-zone/
