Fantom Price Analysis: $0.34 Breakout may Extend FTM's Recovery Rally

Amid the last two months of uncertainty in the crypto market, the FTM/USDT pair continued its downward spiral under the influence of a descending trendline. Furthermore, this dynamic resistance aided sellers in pushing the coin price to a low of $0.1961, after which the coin chart showed a spike in demand pressure.

Timeline of Fantom

Many people say that the days when dabbling in crypto paid off in millions are long gone and that the most talked about crypto assets are now all but worthless.  Who can blame them? This is a bear market, after all, despite the bear market rallies.

Over the last few days, retail investors have resurged their interest in the market while the overall sentiment registers an uptick. Thus, the slightly elevated buying pressure helped FTM reclaim critical support levels in the last ten days.

The last two months in the crypto market have been a constant struggle between the sell-off and uncertainty in the crypto market. Amid this chaos, the FTM/USDT pair showcased its price action behaving in response to a descending resistance trendline, whose breakout triggered a significant recovery rally.

A renowned crypto analyst, Michael van de Poppe has an optimistic approach toward a few altcoins Michael van de Poppe, who is closely followed by 616,600 on Twitter, informs that the Binance exchange's native coin BNB Price is on a bull run after the coin surpassed its barrier level of $240 The analyst says that

The funding will come from 10% of all Fantom transaction fees and will be held in an Ecosystem Support vault. The post Fantom community voting on whether to use burn fee to fund projects appeared first on The Block.

With the crypto market's $2 trillion crash, many investors are faced with losses and are desperate to recoup their money. This market downturn is not unique to the crypto space, however, and many other industries are affected.

Ankr, a provider of blockchain infrastructure, announced on Friday that hackers were targeting some of the services it offered to Polygon and Fantom. Ankr reported that they are looking into their Polygon and Fantom Foundation Remote Procedure Calls on their Twitter account (RPC). They also offered temporary replacement RPCs. RPCs are a type of software …

Fantom (CRYPTO: FTM) announced Wednesday that Chainlink (CRYPTO: LINK) Keepers and Chainlink VRF (Verifiable Random Function) are live on the Fantom Mainnet. What Happened: To further enhance the functionality and security of decentralized applications on Fantom, Chainlink Keepers and Chainlink VRF are going live on Fantom's mainnet.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Bitcoin fell beneath the $20k mark in recent hours.

The last several days have been extremely taff for the cryptocurrency market; cryptocurrencies have been suffering from heavy selling due to hawkish signals from central banks, and investors are worried that an aggressive monetary policy could tip the economy into recession. The US central bank took a more aggressive stance to fight inflation and raised The post Polygon, Fantom, Theta price analysis roundup appeared first on Invezz.