#FTMUSDT
Amid increased price volatility, the Fantom price has added 8.53% to its portfolio with a trading volume of $294.061 million, a change of +13.72%. With this, it has successfully held its value above its important support/resistance level of $0.680.
*Fantom (FTM) Deep Analysis:*
*Overview:*
Fantom is a fast, scalable, and secure blockchain platform focused on DeFi, gaming, and enterprise adoption.
*Technical Analysis (Short-Term):*
- Price: $0.38 (FTM/USDT)
- Trend: Bullish
- Support Levels: $0.32, $0.28
- Resistance Levels: $0.45, $0.55
- Moving Averages: MA50 ($0.35), MA200 ($0.25)
- Relative Strength Index (RSI): 64.21
*Fantom Technical Sentiments*
The Simple Moving Average (SMA) constantly supports the FTM price chart in the 1D time frame. This indicates increased buying pressure for the altcoin in the cryptocurrency market.
Further, the MACD indicator has successfully retested its neutral point and has recorded a bullish rebound. With its averages experiencing a bullish convergence, the Fantom token hints at a positive outlook during the upcoming time.
*Fundamental Analysis:*
- Market Cap: $830 million
- Trading Volume: $200 million (24h)
- Circulating Supply: 2.5 billion FTM
- Total Supply: 3.2 billion FTM
- Use Cases: DeFi, gaming, enterprise solutions
Moreover, if the bears dominate the crypto space, this could result in it plunging toward its lower support level of $0.5375 during the upcoming weeks.
