Fantom (FTM): A Downward Slide in Motion? đ»đ
$FTM has been feeling the heat recently, dipping to $0.4830 with a 0.76% decline over the last 15 minutes. The short-term moving averagesâMA 7 ($0.4866) and MA 25 ($0.4886)âare showing weakness as FTM moves below them. The selling pressure is growing, with volume spiking to over 951K, indicating traders might be losing confidence. đ
Volatility is sitting at 66.40%, so we could see further fluctuations, but for now, the overall sentiment is leaning bearish. Fantom will need a significant catalyst to break out of this downtrend. Keep an eye on that $0.48 supportâif it cracks, we could be looking at a steeper decline! đŹ
Is FTM about to surprise us, or is it sinking deeper? Let me know your thoughts and share this analysis with your fellow traders! đđČ
