šØ FANTOM (FTM) FALLS 12% AS WHALE WALLETS HIT MONTHLY LOW š
š _Current Price:_ $0.244 USD š“
š _Market Capitalization:_ $620 Million USD š
š³ _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 š. This suggests that large investors are selling or reducing their FTM holdings, potentially contributing to the price drop.
š _Technical Analysis:_
Fantom's (FTM) technical indicators are bearish, with:
1. _RSI (14)_: 34.15 (Oversold) šµ
2. _MACD (12, 26)_: Bearish Crossover š“
3. _Moving Averages_: 50-day MA ($0.283) and 200-day MA ($0.245) are both trending downwards š
š _Support and Resistance Levels:_
1. _Support_: $0.220 ( recent low ) and $0.200 ( psychological level ) š
2. _Resistance_: $0.280 ( recent high ) and $0.300 ( psychological level ) š
š® _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 š.
2. _Medium-term (1-3 months)_: Experience a rebound, potentially reaching $0.300-$0.350 š.
3. _Long-term (6-12 months)_: Reach new highs, potentially exceeding $0.500-$0.600 š.
š _Investor Advice:_
1. _Stay Calm_: Avoid making impulsive decisions based on short-term market fluctuations š.
2. _Diversify_: Spread your investments across various assets to minimize risk and maximize returns š.
3. _Stay Informed_: Continuously monitor market news, trends, and analysis to make informed investment decisions 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 šø.
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