The current price of $FTM /USDT is $0.7275, reflecting a -9.05% decrease.

Market Insights:

Bearish Trend: The steep decline suggests that sellers are dominating the market, potentially driven by negative news or market conditions.

Support Level: The next support level is likely around $0.70. If the price drops below this, $0.65 may act as the next strong support.

Resistance Level: Immediate resistance is at $0.80. A break above this level could signal a potential reversal.

Trading Strategy:

Bearish Traders: Watch for a break below $0.70 for possible continuation of the downtrend.

Bullish Traders: Look for support at $0.70 for a potential rebound. A rise above $0.80 would suggest a bullish trend.

Stop Loss: For long positions, consider a stop loss below $0.70 to manage risk.

Monitor broader market movements and news that could impact the price of FTM.