Fantom (FTM) lost 45% over the past ten days and 30% weekly, following the abandonment of its two key developers. FTM is now trading 66% below its all-time high recorded just five months ago.
FTM, which had been very strong during the recent market retracement and even reached back to its ATH levels, experienced a significant collapse as the news was released. As a result, the ongoing price correction was intensified and turned into an additional 45% drop.
The Daily Chart
Technical Analysis by Grizzly
The price of FTM has reached significant horizontal support that slowed down the price collapse a bit. But fear and uncertainty in the crypto and traditional markets have prevented an unusual reaction in this area.
If the correction continues, the next significant support lies at $0.95, which can hold the FTM price in the mid-term for a possible rebound.
The MACD indicator is in the oversold area, and if the market fluctuations do not rise from here, this structure might signal the comp
We współpracy z: https://cryptopotato.com/fantom-price-analysis-after-the-30-weekly-crash-ftm-might-rebound-here/
