Altcoins Ready for a Strong Rebound this Week, FTM, APE, DOT to Range High While SHIB Primed to Plunge Hard

The crypto space is currently undergoing deep plunge trouble as the Bitcoin price slides down below $33,000. With extreme fear among the traders, the market is expected to crash, slicing the lower support. However, some altcoins are expected to rebound firmly, gaining significant bullish momentum very soon.  Fantom(FTM) Price Could Hit $1 The FTM price …

Timeline of Fantom, Shiba-inu

Shiba Inu coin hits a seven-month low as the markets worsen and the rest of the cryptocurrencies freefall as well so let's read more today in our latest altcoin news. The price of the Shiba Inu coin hits seven-month low and dropped 8.9% overnight and trades at $0.00001723 according to the data from CoinMarketCap.

After failing to maintain the critical support level, Shiba Inu's native token crashed and is on a path to setting a new local low. Key Support level: $0.000017 Key Resistance level: $0.000020 The support at $0.000020 turned into solid resistance on Saturday and today's price action confirmed the breakdown with another daily red candle.

In the midst of the cryptocurrency market crash, the Dogecoin killer, Shiba Inu has also declined by 8% in the last seven days which is below the long-term bearish trendline. When looked at the recent price action of Shiba Inu, the May high was formed within a key resistance area. At the time of writing, …

Since spiking sharply and hitting a high of $3.36 back in January, FTM has primarily been on a downward trend. The cryptocurrency started its current 7-day cycle trading at $0.94 and has barely tried to break that level since.

In April Shiba Inu introduced a burning portal allowing holders to permanently destroy their tokens. This was aimed at reducing the circulating supply while also enabling users to receive passive income.

A fresh falling channel pattern drives the Fantom(FTM) price to the ground or below the $1 mark in a less demeaning way. The recent bearish reversal brings the altcoin to $0.70 with an engulfing candle, struggling to continue underneath it.

Shiba Inu (SHIB) is trading under tremendous price pressure since the last week. Despite many announcements for the development of the Shiba Inu ecosystem, SHIB's price has not shown any such positive movement.

Today's Shiba Inu price analysis displays a bearish movement in the market, and the market moves towards a slightly upward direction, raising the price of SHIB little by little. After that, however, the cost of SHIB experienced a flash crash and declined to $0.00002130, from $0.00002003; on May 5, 2022, SHIB/USD lost further momentum and.

The dramatic trend reversal by the global cryptocurrency market has left the crypto space gloomy. The world's largest cryptocurrency by market cap has drastically dropped below $36,000 pulling down Ethereum and other altcoins too. Among these altcoins is Fantom (FTM) Price which is among the top 50 largest cryptocurrencies by market cap and is hit …

Shiba INU price rebound is been expected for a pretty long time, but the asset is just extending the descending triangle. But interestingly, the price is also not falling beyond heavily and attempting to hold the lower support firmly. And by consolidating widely around these levels, the asset displays it's being self-assured of the upswing …