šŸšØ FANTOM (FTM) FALLS 12% AS WHALE WALLETS HIT MONTHLY LOW šŸ“‰

šŸ“Š _Current Price:_ $0.244 USD šŸ”“

šŸ“Š _Market Capitalization:_ $620 Million USD šŸ“Š

šŸ³ _Whale Wallets Hit Monthly Low:_

Fantom's (FTM) price has taken a hit, falling 12% in the past 24 hours, as whale wallets have reached a monthly low šŸ“‰. This suggests that large investors are selling or reducing their FTM holdings, potentially contributing to the price drop.

šŸ“Š _Technical Analysis:_

Fantom's (FTM) technical indicators are bearish, with:

1. _RSI (14)_: 34.15 (Oversold) šŸ”µ

2. _MACD (12, 26)_: Bearish Crossover šŸ”“

3. _Moving Averages_: 50-day MA ($0.283) and 200-day MA ($0.245) are both trending downwards šŸ“‰

šŸ“Š _Support and Resistance Levels:_

1. _Support_: $0.220 ( recent low ) and $0.200 ( psychological level ) šŸ“Š

2. _Resistance_: $0.280 ( recent high ) and $0.300 ( psychological level ) šŸš€

šŸ”® _Prediction:_

Based on the technical analysis, we predict that Fantom (FTM) will:

1. _Short-term (1-2 weeks)_: Continue to decline, potentially reaching $0.200-$0.180 šŸ“‰.

2. _Medium-term (1-3 months)_: Experience a rebound, potentially reaching $0.300-$0.350 šŸš€.

3. _Long-term (6-12 months)_: Reach new highs, potentially exceeding $0.500-$0.600 šŸŒŸ.

šŸ“ˆ _Investor Advice:_

1. _Stay Calm_: Avoid making impulsive decisions based on short-term market fluctuations šŸ™.

2. _Diversify_: Spread your investments across various assets to minimize risk and maximize returns šŸ“ˆ.

3. _Stay Informed_: Continuously monitor market news, trends, and analysis to make informed investment decisions šŸ“Š.

Remember, investing in cryptocurrency is a high-risk, high-reward endeavor. Always prioritize risk management and stay informed to navigate the market's ups and downs šŸ’ø.

$FTM

$FIL

$NEAR

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