TA- Fantom Shows Strength – Eyes $0.70

The price of Fantom (FTM) shows strength and could be set for a major run against Tether (USDT) with eyes set on $0.7.  Related Reading: Latest Report Shows Ethereum Whales Buy 312 Billion SHIB During Crypto Winter Bitcoin's (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market.

Timeline of Fantom

The Fantom (FTM) recovery rally recently knocked out another resistance of $0.36. With the recent uncertainty in the crypto market, altcoin struggled for nearly four days to sustain above the breached resistance.

The current price of digital assets represents a great entry point for new investors, and existing investors should be leveraging current prices to bring down their average buy cost. With a change in market sentiment brewing, investors who want to profit in the next bull cycle should start buying now.

Whales are not gods or men with infinite IQ; they were once regular investors who, at some point or the other, found themselves well positioned to profit from some of their financial moves. For example, a person who bought Ethereum when it was at $300 would have seen substantial gains when the token surged past the $4000 mark.

Fantom (FTM) possesses one of the most dynamic and vibrant DeFi (decentralised finance) ecosystems within the entire crypto space. The developers of Fantom launched their incentive programme, which directly rewarded developers who built DApps (decentralised applications) on the network that met certain liquidity thresholds.

The current state of the crypto market has dealt severely with the price of many tokens and dampened the morale of investors so that the general sentiment has become one of extreme caution. Nevertheless, true traders and investors know that the fortune that comes during the bull market is usually a result of actions taken in the bear cycle.

Cryptocurrency is an entirely decentralized kind of virtual money. Today, cryptocurrencies have become an alternative investment option for investors wishing to protect themselves from stock market declines and maximize their profits.

The Fantom (FTM) community has voted to use a third of the burn fees on transactions to fund ecosystem projects instead. The post Fantom community decides to use burn fee to fund ecosystem projects appeared first on The Block.

The sell-off and market uncertainty have been at odds with one another for the past two months in the cryptocurrency market. The Fantom price has lately sliced through another resistance around the $0.3 mark, presenting a fresh entry opportunity.

Fantom (FTM) has been increasing at an accelerated rate since breaking out from a descending resistance line on July 18. The post Fantom (FTM) Creates Higher Low Above $0.245 appeared first on BeInCrypto.

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.