FTM coin price retests the bullish breakout of the inverted head and shoulder in the daily chart. Will the increased buying pressure touch $4? Fantom aims to develop the DeFi and other smart contracts-based decentralized services with the help of a new consensus mechanism. Fantom created this new consensus mechanism, Lachesis, from scratch to increase security and speed. The mechanism has a higher capacity, a faster rate of transaction finalization (~two seconds), and is more secure than the PoS mechanism. Let us move ahead to read about Fantom technical analysis. Past Performance of FTM The FTM coin price shows a growth of more than 10% in the past 24 hours, resulting in a breakout of $3.15. Moreover, the price jump increases the chances of a new all-time high formation. Currently, the price retests the bullish breakout of the horizontal level at $3.15. Therefore, a post-retest bull run can drive the prices higher above $3.5. FTM/USD Daily Chart FTM Technical Analysis The FTM coin price retests the bullish breakout of the inverted head and shoulder pattern in the daily chart. The breakout was predicted in our previous technical analysis. The lower price rejection evident by the long tail formation indicates a boom in underlying bullishness. Crucial EMAs (50, 100, and 200) maintain a bullish alignment in the daily chart, while the 20-day EMA provides constant dynamic support. Therefore, the EMAs help sustain the buying pressure and drive the FTM prices higher. The RSI indicator at 65% shows rejection from the overbought boundary and retraces lower to the central line. Nonetheless, the 14-day SMA and the slope sustain in the nearly overbought zone signaling a stronger bullish side. The MACD indicator shows the MACD and signal lines sustaining above the zero mark by reversing the recent bearish crossover. The lines regain the bullish alignment and rise higher with positive growth in histograms.  Therefore, the underlying growth in the bullish momentum is evident by the pattern breakout and technical indicators. Hence, the FTM coin can shortly resume the uptrend.  Upcoming Trend The FTM coin price retests the bullish breakout of the inverted head and shoulder pattern in the daily chart. Therefore, traders can find a bullish entry at current prices with excellent risk to reward positions to capture the upcoming bullish trend. The Fantom coin price action suggests the key resistance pivot levels at $4.15, once the sustains above $3.5. And, in case of a bearish reversal, the price can find demand at $3.15 and $2.75. The sentiments chart gives a solid “BUY” signal for the FTM coin, at the time of writing. Technical Analysis for FTMUSD

The post FTM Technical Analysis: Post-Retest Bull Run Teases New All-Time High Creation, Is the Rally Too Good to be True? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Fantom has surpassed the likes of Polygon and Avalanche in DEX transactions. The total value locked (TVL) on the Fantom

The post has appeared first on thenewscrypto.com

While the broader market refrained from high volatility in the past 24-hours, Cosmos and Fantom eyed to retest their ATH level. Their near-term technicals chose the buyers. But both their CMFs could barely cross the equilibrium. Similarly, Tron saw overbought readings on the Bolinger bands and saw a near-term pullback. Tron (TRX) The buyers finally […]

If Bitcoin breaks above $45,500, select altcoins like NEAR, ATOM, FTM and FTT could turn bullish in the short-term.

The post Fantom Heads Towards a Massive Recovery, New ATH Incoming for FTM Price! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

After declining for about two weeks, Bitcoin is now back and has surpassed the important levels. With the shift in BTC’s sentiment the overall market too traded in green and registered gains.  Bitcoin at the time of writing is trading at $42.709. Second largest cryptocurrency Ethereum is trading at $3289. Cardano has emerged as a …

On Friday (January 14), crypto research startup Delphi Digital looked at how $FTM has performed against $ETH and $USDT over the past six months. The research firm pointed out that: $FTM’s price action suggests that it is on the verge of a breakout. Although “TVLs across crypto have stagnated”, Fantom’s TVL is up 20% over […]

Crypto research firm Delphi Digital thinks a blockchain platform designed for decentralized finance (DeFi) could be the next major player among layer-1 scaling solutions. In its Delphi Daily tweets offering updates and insights about the crypto space, the firm tells its 103,700 followers that Fantom (FTM) is defying an industry-wide downtrend by racking up an […]

The post One Ethereum Rival Eyes Major Breakout After Gaining $1,200,000,000 in Total Value Locked: Delphi Digital appeared first on The Daily Hodl.

The post Institutions Turn To DeFi Other Than BTC and ETH? These DeFi Tokens To Surge By 25%! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Bitcoin and Ethereum turned out to be dreary over the past six months since DeFi tokens have been gaining the majority of the traction. Especially Luna, AVAX, and FTM outperformed the market leaders over the past couple of months with whopping gains in price and TVL.  The aforementioned tokens have also registered significant milestones in …

The year is just starting, but cryptocurrencies are moving boundaries and reaching new all-time…

The post Top 10 Best Cryptocurrencies to Buy in January 2022 appeared first on Coin Journal.

FTM coin price action hints at an inverted head and shoulder breakout and $3.16 level, which will help in the creation of a new all-time high. Fantom is a directed acyclic network (DAG) smart contract software platform that provides decentralized finance (DeFi) services for developers through its own custom consensus algorithm. Along with its own currency FTM, Fantom aims to address the issues associated with smart-contract platforms, including the speed of transactions. Developers claim they have reduced it to less than two seconds. Let us move ahead to read about Fantom technical analysis. Past Performance of FTM FTM coin price shows a rise of more than two-fold within a month, with the demand found near $1.25. Moreover, the price has grown 40% in the past four days after the recent dip to the 50-day EMA. Moreover, the price breaks above the $3 psychological mark, indicating growth in overall bullish sentiment for the coin.  FTM/USD Daily Chart FTM Technical Analysis The FTM coin price jump results in the breakout of an inverted head and shoulder pattern in the daily chart. Therefore, a breakout of $3.16 can drive the rally higher to create new all-time high levels. The crucial EMAs (50, 100, and 200) maintain a bullish alignment with the 50-day EMA providing dynamic support to the short-correction phases. Moreover, the lower price rejection in the recent daily candles insinuates a bull run above $3.16. The RSI indicator at 64% flattens after the crossover, with the 14-day SMA slightly below the overbought zone. Moreover, the SMA resembles a similar action, but the lines remain in the nearly overbought zone. The MACD indicator shows the MACD and signal lines reverses after the bearish crossover and gives a bullish crossover in the daily chart.  Therefore, the long-tail formations reflect solid lower price rejection in the FTM coin prices and increase the chances of a rally above $3.16.  Upcoming Trend The breakout of the inverted head and shoulder will increase the overall bullish activity in the FTM coin. Therefore, the breakout of $3.16 seems imminent and will drive the prices higher to $3.5. The price action suggests resistance levels at $3.5 and $3.75 that can oppose the uptrend if the prices break the barrier at $3.16. The high demand levels are at $2.6 and $2.2, which can support the falling prices if it fails to rise above $3.16. In conclusion, the current rally seems to be solid and can overcome the high selling pressure areas. Therefore, traders can hold or even increase their position size.

The post FTM Technical Analysis: Bullish Pattern Teases a Rally to Create New All-Time High: Is It Too Risky To Join The Rally? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Several layer one blockchains are firmly in the green, despite the wider crypto market falling to start the new year.