Thursday, March 23, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home EVM News Fantom Opera Chain

Fantom Looks Oversold While Buy Signals Appear

by ethozedge
May 9, 2022
in Fantom Opera Chain
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter


Key Takeaways

  • Fantom has retraced by more than 27% since May 5. 
  • FTM has now reached a vital support level.
  • A spike in buying pressure could push the asset to $0.80 or even $1.

Share this article

Fantom is hovering around a vital demand zone that has historically served as a rebound zone. Similar price action could see the Layer 1 asset surge toward $0.80 or higher.

Fantom Prepares to Rebound

Fantom appears to have reached a crucial area of support that may help prices rebound if it continues to hold.

The Layer 1 blockchain’s FTM token has endured a steep correction over the past few days after suffering a rejection at the $0.87 resistance level. Fantom has seen its price drop by more than 27% since May 5, recently hitting a low of $0.63. Now, the downtrend appears to be reaching exhaustion, which could result in a bullish impulse.

Fantom has begun testing the lower trendline of a parallel channel that has developed on its 12-hour chart. The vital support level has prevented further losses since early January, leading to an upswing to the pattern’s upper boundary every time it has been tested. Similar price action could see FTM rebound to $0.80 or even $1.

The Tom DeMark (TD) Sequential indicator adds credence to the optimistic outlook as it is preparing to present a buy signal on the 12-hour chart. The bullish formation looks set to develop as a red nine candlestick, which is indicative of a one to four candlesticks rebound. Moreover, Fantom appears to be creating a bullish divergence against the RSI within the same timeframe.

Fantom price chart
Source: TradingView

Although the odds favor the bulls, uncertainty across the crypto and global financial markets could cause a downswing. Due to the rocky climate, many crypto assets have been bleeding over the past week, with Bitcoin hitting a 10-month low earlier this afternoon.

If Fantom sees a spike in selling pressure and breaks below $0.62, the short-term optimistic outlook could be invalidated. Under such unique circumstances, Fantom could extend its losses toward the $0.50 support level.

Disclosure: At the time of writing, the author of this piece owned BTC and ETH.

For more key market trends, subscribe to our YouTube channel and get weekly updates from our lead bitcoin analyst Nathan Batchelor.

https://www.youtube.com/watch?v=+lastest

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.



Source link

Tags: bitcoin newsbuycrypto analysiscrypto newsEthoz EdgeFantomLatest bitcoin newslatest crypto newsOversoldSignals
Share76Tweet47

Related Posts

Multichain Wallet Bitkeep Raises $30 Million From Bitget to Strengthen Links Between Defi and Cefi – Bitcoin News

by ethozedge
March 23, 2023
0

On Wednesday, the multichain wallet Bitkeep announced it raised $30 million from the crypto derivatives platform Bitget. Bitkeep now has...

Fantom and Shiba Inu whales FOMO as Avorak AI presale enters phase 3

by ethozedge
March 22, 2023
0

The world of cryptocurrency is ever-evolving, and investors are always looking for the next big thing. One such opportunity is...

These 5 Cryptos Are Seen Shooting Up In Price With Bitcoin This Week

by ethozedge
March 20, 2023
0

After Bitcoin led the rally among top cryptos yesterday and breaching the $28,000 level, there has been a reversal in...

ENS up +16.90%, BTC +5.78%, Stacks is The Coin of The Day – Daily Market Update for Mar 17, 2023 | CoinCodex

by ethozedge
March 17, 2023
0

Key highlights:The total cryptocurrency market cap increased from $ 1.08T to $ 1.12T in the past 24 hours, representing a 3.80% changeThe...

Benefits of investing in TMS Network, Aptos, and Fantom

by ethozedge
March 9, 2023
0

In this digital era, investing in the new cryptocurrencies is the most talked about topic for investors. The biggest potential...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Here’s How The Industry Will

March 23, 2023

Multichain Wallet Bitkeep Raises $30 Million From Bitget to Strengthen Links Between Defi and Cefi – Bitcoin News

March 23, 2023

LTC up +7.46%, BTC -2.03%, Litecoin is The Coin of The Day – Daily Market Update for Mar 23, 2023 | CoinCodex

March 23, 2023

US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency – Regulation Bitcoin News

March 23, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,813.00-1.89%
  • ethereumEthereum(ETH)$1,769.36-1.81%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.010.20%
  • binancecoinBNB(BNB)$327.750.31%
  • usd-coinUSD Coin(USDC)$1.000.04%
  • rippleXRP(XRP)$0.4522030.88%
  • cardanoCardano(ADA)$0.3757620.60%
  • dogecoinDogecoin(DOGE)$0.0780423.48%
  • staked-etherLido Staked Ether(STETH)$1,762.07-1.89%
  • matic-networkPolygon(MATIC)$1.13-1.66%
  • solanaSolana(SOL)$21.91-3.45%
  • binance-usdBinance USD(BUSD)$1.010.10%
  • polkadotPolkadot(DOT)$6.23-0.99%
  • litecoinLitecoin(LTC)$92.0413.45%
  • shiba-inuShiba Inu(SHIB)$0.000011-0.46%
  • tronTRON(TRX)$0.063617-5.96%
  • avalanche-2Avalanche(AVAX)$17.580.05%
  • daiDai(DAI)$1.000.05%
  • uniswapUniswap(UNI)$6.22-1.67%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,808.00-1.92%
  • chainlinkChainlink(LINK)$7.42-1.72%
  • ToncoinToncoin(TON)$2.34-3.30%
  • cosmosCosmos Hub(ATOM)$11.70-0.71%
  • leo-tokenLEO Token(LEO)$3.37-0.57%
  • ethereum-classicEthereum Classic(ETC)$20.882.03%
  • moneroMonero(XMR)$154.701.47%
  • okbOKB(OKB)$45.531.57%
  • bitcoin-cashBitcoin Cash(BCH)$129.55-2.40%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.093623-0.08%
  • filecoinFilecoin(FIL)$5.81-0.24%
  • AptosAptos(APT)$12.886.22%
  • true-usdTrueUSD(TUSD)$1.010.05%
  • lido-daoLido DAO(LDO)$2.36-0.25%
  • hedera-hashgraphHedera(HBAR)$0.061674-2.65%
  • quant-networkQuant(QNT)$126.80-2.31%
  • crypto-com-chainCronos(CRO)$0.069615-2.67%
  • nearNEAR Protocol(NEAR)$2.01-0.86%
  • vechainVeChain(VET)$0.0235030.52%
  • blockstackStacks(STX)$1.161.86%
  • algorandAlgorand(ALGO)$0.219860-6.25%
  • internet-computerInternet Computer(ICP)$5.12-1.15%
  • apecoinApeCoin(APE)$4.090.75%
  • the-graphThe Graph(GRT)$0.1537092.04%
  • fantomFantom(FTM)$0.4887850.83%
  • eosEOS(EOS)$1.15-0.73%
  • the-sandboxThe Sandbox(SAND)$0.66-0.44%
  • aaveAave(AAVE)$77.71-0.44%
  • decentralandDecentraland(MANA)$0.61-0.58%
  • elrond-erd-2MultiversX(EGLD)$43.08-0.91%
  • tezosTezos(XTZ)$1.16-1.20%
  • immutable-xImmutableX(IMX)$1.22-1.02%
  • flowFlow(FLOW)$1.02-1.37%
  • fraxFrax(FRAX)$1.000.12%
  • theta-tokenTheta Network(THETA)$1.030.38%
  • axie-infinityAxie Infinity(AXS)$8.59-0.51%
  • kucoin-sharesKuCoin(KCS)$9.03-2.77%
  • neoNEO(NEO)$12.382.65%
  • havvenSynthetix Network(SNX)$2.74-2.20%
  • optimismOptimism(OP)$2.55-1.62%
  • conflux-tokenConflux(CFX)$0.379705-6.35%
  • BitDAOBitDAO(BIT)$0.53-3.21%
  • paxos-standardPax Dollar(USDP)$1.01-0.04%
  • rocket-poolRocket Pool(RPL)$39.21-2.50%
  • terra-lunaTerra Luna Classic(LUNC)$0.000128-0.24%
  • curve-dao-tokenCurve DAO(CRV)$0.97-1.75%
  • gatechain-tokenGate(GT)$5.290.10%
  • usddUSDD(USDD)$1.00-0.39%
  • mina-protocolMina Protocol(MINA)$0.820.02%
  • klay-tokenKlaytn(KLAY)$0.230939-1.88%
  • bitcoin-cash-svBitcoin SV(BSV)$36.79-4.20%
  • dashDash(DASH)$62.439.90%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.77-0.38%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.760.05%
  • chilizChiliz(CHZ)$0.1232760.62%
  • gmxGMX(GMX)$76.71-2.82%
  • sapphireSapphire(SAPP)$0.7035.32%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • makerMaker(MKR)$686.881.72%
  • ecasheCash(XEC)$0.0000322.07%
  • huobi-tokenHuobi(HT)$3.71-8.04%
  • frax-shareFrax Share(FXS)$8.08-2.44%
  • iotaIOTA(MIOTA)$0.213761-1.09%
  • singularitynetSingularityNET(AGIX)$0.4908430.87%
  • bittorrentBitTorrent(BTT)$0.000001-1.26%
  • Bitget TokenBitget Token(BGB)$0.407423-2.34%
  • xdce-crowd-saleXDC Network(XDC)$0.039283-2.99%
  • compound-ethercETH(CETH)$35.47-1.72%
  • EdgecoinEdgecoin(EDGT)$1.010.13%
  • pax-goldPAX Gold(PAXG)$1,995.022.11%
  • Tokenize XchangeTokenize Xchange(TKX)$6.31-1.78%
  • render-tokenRender(RNDR)$1.391.89%
  • trust-wallet-tokenTrust Wallet(TWT)$1.20-0.69%
  • tether-goldTether Gold(XAUT)$1,975.56-0.25%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • zilliqaZilliqa(ZIL)$0.0282370.28%
  • compound-usd-coincUSDC(CUSDC)$0.0228790.07%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • osmosisOsmosis(OSMO)$0.81-2.09%
  • loopringLoopring(LRC)$0.3506131.08%
  • arweaveArweave(AR)$8.66-0.79%
  • 1inch1inch(1INCH)$0.52-1.73%
  • thorchainTHORChain(RUNE)$1.41-2.08%
  • oec-tokenOKC Token(OKT)$23.522.76%
  • radixRadix(XRD)$0.041150-1.83%
  • mask-networkMask Network(MASK)$5.477.29%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,893.52-1.81%
  • convex-financeConvex Finance(CVX)$5.38-3.40%
  • fetch-aiFetch.ai(FET)$0.386137-1.85%
  • enjincoinEnjin Coin(ENJ)$0.4013680.66%
  • casper-networkCasper Network(CSPR)$0.036903-2.05%
  • kavaKava(KAVA)$0.89-3.91%
  • gemini-dollarGemini Dollar(GUSD)$1.010.14%
  • zcashZcash(ZEC)$36.211.06%
  • nexoNEXO(NEXO)$0.702.37%
  • btse-tokenBTSE Token(BTSE)$2.401.27%
  • dydxdYdX(DYDX)$2.52-1.20%
  • FlareFlare(FLR)$0.0320873.81%
  • DeFiChainDeFiChain(DFI)$0.56-3.52%
  • FLOKIFLOKI(FLOKI)$0.000038-1.60%
  • MagicMagic(MAGIC)$1.75-2.65%
  • EthereumPoWEthereumPoW(ETHW)$3.43-0.37%
  • cdaicDAI(CDAI)$0.0222300.03%
  • basic-attention-tokenBasic Attention(BAT)$0.245615-0.24%
  • nemNEM(XEM)$0.039892-0.64%
  • DogechainDogechain(DC)$0.001787-24.98%
  • ethereum-name-serviceEthereum Name Service(ENS)$13.85-1.61%
  • WEMIXWEMIX(WEMIX)$1.42-4.40%
  • Aleph ZeroAleph Zero(AZERO)$1.579.68%
  • woo-networkWOO Network(WOO)$0.205546-0.43%
  • qtumQtum(QTUM)$3.293.92%
  • Nexus MutualNexus Mutual(NXM)$50.62-1.75%
  • terra-luna-2Terra(LUNA)$1.410.34%
  • injective-protocolInjective(INJ)$4.201.46%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-0.98%
  • holotokenHolo(HOT)$0.0018560.38%
  • theta-fuelTheta Fuel(TFUEL)$0.0540670.42%
  • galaGALA(GALA)$0.041874-2.30%
  • ravencoinRavencoin(RVN)$0.026247-2.39%
  • kusamaKusama(KSM)$34.130.32%
  • Access ProtocolAccess Protocol(ACS)$0.0102277.61%
  • celoCelo(CELO)$0.62-1.08%
  • compound-governance-tokenCompound(COMP)$43.92-0.95%
  • oasis-networkOasis Network(ROSE)$0.058432-1.36%
  • Gains FarmGains Farm(GFARM2)$8,150.47-3.36%
  • bitcoin-goldBitcoin Gold(BTG)$16.67-5.00%
  • decredDecred(DCR)$19.64-0.82%
  • BeldexBeldex(BDX)$0.0556781.12%
  • olympusOlympus(OHM)$10.330.70%
  • gnosisGnosis(GNO)$110.29-1.48%
  • yearn-financeyearn.finance(YFI)$8,679.84-2.10%
  • KaspaKaspa(KAS)$0.016139-2.21%
  • AstarAstar(ASTR)$0.064522-4.78%
  • audiusAudius(AUDIO)$0.280919-0.55%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.69%
  • ankrAnkr Network(ANKR)$0.033966-0.69%
  • linkLINK(LN)$40.89-1.29%
  • balancerBalancer(BAL)$6.750.10%
  • harmonyHarmony(ONE)$0.0219411.88%
  • nucypherNuCypher(NU)$0.2064277.24%
  • liquity-usdLiquity USD(LUSD)$1.020.05%
  • chiaChia(XCH)$38.01-0.40%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.12-4.44%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • SSV NetworkSSV Network(SSV)$35.69-2.73%
  • stepnSTEPN(GMT)$0.399422-0.71%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • convex-crvConvex CRV(CVXCRV)$0.86-1.68%
  • omisegoOMG Network(OMG)$1.77-0.06%
  • huobi-btcHuobi BTC(HBTC)$27,660.00-1.61%
  • BlurBlur(BLUR)$0.592.75%
  • AstraferAstrafer(ASTRAFER)$1.58-1.94%
  • golemGolem(GLM)$0.244238-0.25%
  • Gains NetworkGains Network(GNS)$8.01-2.46%
  • iotexIoTeX(IOTX)$0.0252870.84%
  • moonbeamMoonbeam(GLMR)$0.3927521.31%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • justJUST(JST)$0.026017-3.48%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • ecomiECOMI(OMI)$0.000839-2.04%
  • jasmycoinJasmyCoin(JASMY)$0.004818-0.83%
  • escoin-tokenEscoin(ELG)$2.850.11%
  • tether-eurtEuro Tether(EURT)$1.091.57%
  • kadenaKadena(KDA)$1.01-2.09%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • DAO MakerDAO Maker(DAO)$1.521.83%
  • wavesWaves(WAVES)$2.23-2.53%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • Frax EtherFrax Ether(FRXETH)$1,768.34-1.76%
  • amp-tokenAmp(AMP)$0.003891-1.70%
  • terrausdTerraClassicUSD(USTC)$0.021769-1.75%
  • sushiSushi(SUSHI)$1.10-5.30%
  • band-protocolBand Protocol(BAND)$1.69-1.64%
  • siacoinSiacoin(SC)$0.0040730.41%
  • nervos-networkNervos Network(CKB)$0.0062537.73%
  • LiquityLiquity(LQTY)$2.27-0.63%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%