{"id":504040,"date":"2022-09-28T12:30:25","date_gmt":"2022-09-28T12:30:25","guid":{"rendered":"https:\/\/wncen.com\/?p=504040"},"modified":"2022-09-28T11:07:30","modified_gmt":"2022-09-28T11:07:30","slug":"fantom-surprises-with-5-rally-in-last-24-hours","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/fantom-surprises-with-5-rally-in-last-24-hours\/","title":{"rendered":"Fantom Surprises With 5% Rally In Last 24 Hours \u2013 More Gains Ahead?"},"content":{"rendered":"<p><em><span style=\"font-weight: 400\">Fantom (FTM) bounces back with a 5% rally in over 24 hours after it hit a massive low yesterday. On-chain metrics hint at a bull run. Still, buyers are still advised to be extra cautious.<\/span><\/em><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">FTM rallied 5% in the past 24 hours<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Fantom\u2019s on-chain metrics hinting a bullish movement<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">FTM experiencing strong selling pressure<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">FTM bulls are still trying to push through the resistance. Evidently, the downward movement in the past couple of weeks highlights that the lower timeframe is generally bearish.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bnb-price-watch-the-charts-look-good-for-traders\/\">BNB Price Watch: The Charts Look Good For Traders \u2013 More Green On The Plate?<\/a><\/div>\n<h2><b>Fantom Down Since August<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Judging by the 12-hour chart, FTM is seen to spiral downward which has been in progress since August when Fantom breached below $0.38 as it retests the $0.33 resistance zone and key support at $0.286. <\/span><\/p>\n<p><span style=\"font-weight: 400\">A higher timeframe range was also spotted on the charts from $0.31 to $.53. Notably, the $0.412 range has been the resistance and support level as seen since May.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-504043 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/c122.png?resize=545%2C308\" alt=\"\" width=\"545\" height=\"308\"><\/p>\n<pre style=\"text-align: center\">Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">The two-hour chart for FTM reveals that another range may be formed. One was able to reach the range of $0.242 to 0.217.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to<\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/fantom\/\" rel=\"nofollow\"> <span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400\">, FTM price has slumped by 5.41% or trading at $0.2221 as of this writing. <\/span><\/p>\n<p><span style=\"font-weight: 400\">While there is a possibility of a breach, the positioning of FTM sets it for a downtrend, especially with the increase in selling opportunities.<\/span><\/p>\n<h2><b>FTM RSI At 64, Hinting At A Bullish Movement<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The crypto&#8217;s relative strength index peaking at 64 shows an obvious bullish movement with the OBV moving sideways as seen in the past week. With that in mind, even with FTM bouncing back from its low, both the price action and OBV aren\u2019t hinting at any breakout at this point.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The resistance zone which worked as the key support in September could make significant strides again in the next couple of hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While buying FTM is a tempting feat it will only be an advantage when you do so under certain circumstances like a bullish market. However, Fantom is not shooting for a long-term range and is in fact even leaning towards a long-term downtrend.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A low-risk short may be apparent in the $0.244 range. An hourly session that closes above the $0. 251 zone will invalidate the bearish momentum. The bearish targets are spotted right at the middle of the range and include their lows.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin-price-retreats-below-19000\/\"> Bitcoin Price Retreats Below $19,000 \u2013 Will It Slide Under $18,000 This Week?<\/a><span style=\"font-weight: 400\">\u00a0<\/span><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/oKpoJl05\/\" width=\"1834\" height=\"875\"><\/p>\n<pre style=\"text-align: center\">FTMUSD pair trading at $0.2245 on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a>\r\n\r\nFeatured image from Zipmex, Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Fantom (FTM) bounces back with a 5% rally in over 24 hours after it hit a massive low yesterday. On-chain metrics hint at a bull run. Still, buyers are still advised to be extra cautious. FTM rallied 5% in the past 24 hours Fantom\u2019s on-chain metrics hinting a bullish movement FTM experiencing strong selling pressure FTM bulls are still trying to push through the resistance. Evidently, the downward movement in the past couple of weeks highlights that the lower timeframe is generally bearish. Related Reading: BNB Price Watch: The Charts Look Good For Traders \u2013 More Green On The Plate? Fantom Down Since August Judging by the 12-hour chart, FTM is seen to spiral downward which has been in progress since August when Fantom breached below $0.38 as it retests the $0.33 resistance zone and key support at $0.286. A higher timeframe range was also spotted on the charts from $0.31 to $.53. Notably, the $0.412 range has been the resistance and support level as seen since May. Chart: TradingView.com The two-hour chart for FTM reveals that another range may be formed. One was able to reach the range of $0.242 to 0.217. According to CoinMarketCap, FTM price has slumped by 5.41% or trading at $0.2221 as of this writing. While there is a possibility of a breach, the positioning of FTM sets it for a downtrend, especially with the increase in selling opportunities. FTM RSI At 64, Hinting At A Bullish Movement The crypto&#8217;s relative strength index peaking at 64 shows an obvious bullish movement with the OBV moving sideways as seen in the past week. With that in mind, even with FTM bouncing back from its low, both the price action and OBV aren\u2019t hinting at any breakout at this point. The resistance zone which worked as the key support in September could make significant strides again in the next couple of hours. While buying FTM is a tempting feat it will only be an advantage when you do so under certain circumstances like a bullish market. However, Fantom is not shooting for a long-term range and is in fact even leaning towards a long-term downtrend. A low-risk short may be apparent in the $0.244 range. An hourly session that closes above the $0. 251 zone will invalidate the bearish momentum. The bearish targets are spotted right at the middle of the range and include their lows. Related Reading: Bitcoin Price Retreats Below $19,000 \u2013 Will It Slide Under $18,000 This Week?\u00a0 FTMUSD pair trading at $0.2245 on the daily chart | Source: TradingView.com Featured image from Zipmex, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":504041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,65296,8686,9376,43491,86580],"class_list":["post-504040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethbtc","tag-ethusd","tag-fantom","tag-ftm","tag-ftm-price"],"acf":[],"yoast_head":"\n<title>Fantom Surprises With 5% Rally In Last 24 Hours \u2013 More Gains Ahead?<\/title>\n<meta name=\"description\" content=\"Fantom (FTM) bounces back with a 5% rally in over 24 hours after it hit a massive low yesterday. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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On-chain metrics hint at a bull run. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Fantom Surprises With 5% Rally In Last 24 Hours \u2013 More Gains Ahead?","url":"http:\/\/wncen.com\/news\/fantom-surprises-with-5-rally-in-last-24-hours\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/fantom-surprises-with-5-rally-in-last-24-hours\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Fantom-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Fantom-1.png?fit=1037%2C620"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethbtc","ethusd","fantom","ftm","ftm price"],"dateCreated":"2022-09-28T12:30:25Z","datePublished":"2022-09-28T12:30:25Z","dateModified":"2022-09-28T12:30:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Fantom Surprises With 5% Rally In Last 24 Hours \\u2013 More Gains Ahead?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/fantom-surprises-with-5-rally-in-last-24-hours\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/fantom-surprises-with-5-rally-in-last-24-hours\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Fantom-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Fantom-1.png?fit=1037%2C620\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethbtc\",\"ethusd\",\"fantom\",\"ftm\",\"ftm price\"],\"dateCreated\":\"2022-09-28T12:30:25Z\",\"datePublished\":\"2022-09-28T12:30:25Z\",\"dateModified\":\"2022-09-28T12:30:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Fantom-1.png?fit=1037%2C620","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/504040"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=504040"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/504040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/504041"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=504040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=504040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=504040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}