#daily fantom positivity

[ailtrahq]

When the hack took place, FTM’s TVL reached a 2-year low.  At press time, FTM’s daily chart was green, and indicators looked bullish.  Fantom [FTM] fell victim to a multichain attack a few months ago, which plunged its TVL to new lows. Now, FTM has released an official statement in which it provided new updates about the episode.  Read Fantom’s [FTM] Price Prediction 2023-24 FTM bulls entered the market after the network’s statement and pushed the token’s price up by a considerable margin over the last 24 hours. All about the Fantom multichain hack On July 7, 2023, the Fantom multichain bridge was hacked, resulting in the loss of $126 million worth of cryptocurrency. The attacker reportedly exploited a vulnerability in the bridge’s code to withdraw funds. When the multichain learned of the hack, the bridge was promptly shut down, and users were urged to cancel any contract approvals involving it. The hack also resulted in a massive downfall in the blockchain’s DeFi. To be precise, after the episode, FTM’s TVL fell more than 60% as it reached a two-year low. However, later, things started to normalize. On 29 September, Fantom posted an official statement revealing details about the hack. Notably, the network has engaged a leading blockchain intelligence firm named TRM Labs to conduct an independent investigation into the incident. The statement further mentioned that this will speed up the process of tracing and recovering FTM users’ funds. Fantom Foundation Statement on Multichain Incident pic.twitter.com/K4RtpTXzuw — Fantom Foundation (@FantomFDN) September 29, 2023 Fantom bulls are here While the blockchain released the statement, FTM bulls entered the market and pushed the token’s price up. According to CoinMarketCap, FTM’s price rose by more than 4% in just the last 24 hours. At the time of writing, FTM was trading at $0.1995 with a market capitalization of over $559 million. The good news was that FTM’s trading volume also increased along with its price, which looked promising. Thanks to the price uptick, the token’s 1-week price volatility also went up substantially over the last few days. FTM’s exchange outflow also spiked quite a few times last week, which was a positive development. Source: Santiment Realistic or not, here’s FTM’s market cap in BTC’s terms    A look at the token’s daily chart gave a better understanding of whether FTM could maintain its uptrend in the days to follow. Most market indicators remained bullish, suggesting that the token’s price might go up further. For example, the MACD displayed a bullish upper hand in the market. Both FTM’s Relative Strength Index (RSI) and Money Flow Index (MFI) registered upticks, further increasing the chances of a continued uptrend. Source: TradingView

[don-lichterman]

Bitcoin, Ethereum, Neo, and Fantom Daily Price Analyses – 16 September Roundup

Bitcoin, Ethereum, Neo, and Fantom Daily Price Analyses – 16 September Roundup

The global crypto market has witnessed a positive change after a lasting bearish period. The change came from an enhanced influx of capital to the market. The value of Bitcoin has shown enhancement while the performance of Ethereum has continued to show lag. As the mixed situation persists for some coins, the market might take some time to be dominantly bullish. The value of the market will…

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[ailtrahq]

Fantom coin’s (FTM) open interest is $44.03 Million. As per Coinglass, another crypto analysis website, it fell by 5.36% in the previous session. The long versus short ratio for 24 hours is 0.8471. The total number of short positions added in the last 24 hours is $69.82 K against longs of $102.33 K. Fantom crypto surged by 0.98% in market value and plummeted by 30.51% in trading volume in the last 24 hours, as per Coinmarketcap, a crypto data analysis website. Its market value is $566,268,314 and its trading volume is $39,912,263. There are 2,803,347,961 FTM in circulation. The FTM crypto has not performed well in the last month, decreasing by 15.18% and by 49.55% in the last six months. Fantom (BITFINEX: FTM) crypto has a positive year-to-date return of 0.92% and a negative one-year return of 25.96%. FTM Crypto Price Technical Analysis in the 1-Day Timeframe FTM crypto price showed a downward trend for the past six months, decreasing by 49.55% during this period and the price fell by making lower lows and highs.  At the time of publication, the FTM crypto price was trading at $0.20177 and took resistance from the trendline. The price stepped down from 50.00% Fibo levels on May 25th, 2023, and declined drastically. Now to rise above FTM needs to surpass the trendline first which seems difficult as per the current scenario and the market trend will only change upwards when it surpasses the Fibo 38.20% level as a change of character will happen after it jumps this level.  Therefore,  if it fails to maintain the current level, the FTM crypto price could continue to move downwards and reach the nearest support at $0.19447700 and $0.16586270. However, if the FTM crypto price sustains the current level and rises, then it might hit the nearest resistance levels of $0.0.22820100 and $0.26396885. Source: FTM/USD.1D.BITFINEX by TradingView At the time of publishing, the FTM crypto price (BITFINEX: FTM) is trading below the 20, and 50-day EMAs (exponential moving averages), which are rejecting the FTM crypto price trend.  The MACD line at 0.00836 and the signal line at 0.009572 are below the zero line. Both lines cross multiple times on each other and each time histogram gap is decreased even further highlighting consolidation in FTM price in the MACD oscillator. The current value of the RSI is 40.07 points and the 14-day SMA is below the median line at 38.33 points, which indicates consolidation to bearish sentiments as the RSI is at the median line in the market for the FTM crypto and highlights neutrality to bearishness. Conclusion FTM crypto price prediction highlights the neutral to bearish sentiments and perspectives of investors and traders regarding FTM crypto in the daily time frame. Fantom price action suggests a no view at the time of publishing. Moreover, the technical parameters of the Fantom price suggest the continuation of the consolidation to bearishness over the daily time frame chart. Major reliable indicators RSI, MACD, and EMA, give neutral to bearish signals regarding the FTM crypto price. Technical Levels: Support levels: The nearest support levels are $0.19447700 and $0.16586270. Resistance levels: The nearest resistance levels are $0.0.22820100 and $0.26396885. In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss. Source

[don-lichterman]

Bitcoin, Binance Coin, Synthetix, and Fantom Daily Price Analyses – 4 September Morning Price Prediction

Bitcoin, Binance Coin, Synthetix, and Fantom Daily Price Analyses – 4 September Morning Price Prediction

The global crypto market has seen a positive change in value as its gains increased. The recent data for Bitcoin, Binance Coin, and others shows that the market has resumed momentum. It turned bullish several times but couldn’t retain gains. Instead, the negative changes would soon replace the improvements made. The market desperately needs gains because investors have seen continuous losses. The…

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