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FTMUSDT

FANTOM ON SUPPORTCould this be time for FANTOM to rise again? Possibly, since the price is no support but the flirt with 0,31 is still valid. Fantom is one of the assets we like to buy, probably a bit emotionally attached to it since we hold it so when it comes to FANTOM we look for BUY orders. News: Fantom (FTM) Makes Double-Digit Gains as Andre Cronje Hints Return FANTOM NEWSFantom (FTM) Makes Double-Digit Gains as Andre Cronje Hints ReturnmmPublished 3 days ago on May 24, 2022By Ali Raza Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital. The Fantom network and several other projects suffered a major blow after Andre Cronje announced he was leaving the decentralized finance (DeFi) sector. Cronje, who ranks as one of the reputable people in DeFi, is hinting at a return to the Fantom network according to on-chain activity. Cronje’s rumoured return to Fantom FTM, the native token for the Fantom network, has been up by more than 20% during the past week. The token managed to reach a weekly high of $0.503, according to CoinGecko, but it has since recorded a notable decline amid the market recession. The recent dip in Bitcoin below $30,000 has created a pullback across the market. FTM’s latest price action could be attributed to speculation about Cronje’s return to the project. In March, Cronje, alongside Anton Nell, had announced that they were retiring from the DeFi sector. The news tanked FTM’s prices. Other projects that Cronje had invested in, such as Yearn Finance (YFI), also recorded a decline. On-chain activity showed Cronje working on the fMint protocol. fMint is a platform used to mint the fUSD stablecoin. fUSD is the native stablecoin for the Fantom network. The stablecoin has depegged from its $1 value. Colin Wu, a Chinese crypto reporter, also said that Cronje was behind the fUSD optimization proposal released on the network. A wallet address believed to belong to Cronje also bought around 100 million FTM tokens, which shows his interest in the Fantom project. Over the past two weeks, the wallet address has been actively buying FTM tokens. Depegging of the fUSD stablecoin The past few weeks have seen attention turn towards stablecoins, with investors wondering if they were as safe as they were promoted. The doubts came in after the depegging of Terra USD (UST). UST started depegging on May 9, and any attempts by the Luna Foundation Guard to restore the peg were futile. At the time of writing, UST is yet to repeg. The co-founder of Terraform Labs, Do Kwon, has proposed the creation of an entirely new chain that will not have UST. As UST fails to recover, investors who had bought or staked the stablecoin have witnessed notable losses. The collapse of UST has also created debate on the viability of algorithmic stablecoins. fUSD has also been under stress for the past few weeks. The collapse of fUSD has been attributed to the market pressure created after UST depegged. During the early days of UST depegging, most stablecoins, including UISDT, showed signs of stress, but they maintained their peg. However, fUSD has failed to display the same level of resilience. However, the Fantom Foundation has stressed that its fUSD stablecoin is different from UST. The foundation said that unlike UST, which derived its stability through an algorithm, fUSD was “an over-collateralized stablecoin.” The foundation likened fUSD to DAI, one of the oldest stablecoins in the market. DAI is a stablecoin by the MakerDAO, and it is over-collateralized. For instance, when a user needs 100 DAI, they have to collateralize it with 100 worth of ETH, and the amount of collateral is increased if Ether’s price declines. “UST had nothing backing it. Users create fUSD by borrowing against their staked FTM. If the value of the FTM goes below the minimum collateral ratio, then the FTM is progressively auctioned off to users who bid using fUSD (to keep peg). UST had no auctioning process,” the Fantom Foundation said. The foundation also described how fUSD would function, adding that these details would be published in the coming weeks. At the time of writing, fUSD was yet to achieve its peg, and it was trading at $0.697. One Love, the FXPROFESSOR
Long
by FX_Professor
7
FTMUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for FTMUSDT As we predicted on May 1, we had two scenarios for the price and one of them was more decline for it. Now you see that in this chart the falling scenario has happened and the price is now fluctuating below its lost support line. We believe if it moves over the first resistance line, the price will have more rise. But it is also possible that the price would have a pull back to the lost support line and then face more decline. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
FTM has a correction and is back in the support areaHello everyone, let's take a look at the FTM to USDT chart on the 1H interval. As you can see, the price is moving in the triangle marked with the blue lines. Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.3772, if the support breaks down, the next ones are $ 0.3478 and $ 0.3247 and $ 0.2847. Now let's move from the resistance line as you can see the first resistance is $ 0.4256, if you can break it the next resistance will be $ 0.4740 and $ 0.5349 and $ 0.6148. Looking at the CHOP indicator, we can see that in the 1H interval we have exhausted energy.
Short
by cryptodailyuk
$FTM/USDT 90m (#BinanceFutures)Falling broadening wedge breakoutFantom is pulling back to 50MA support and looks good for a bounce then a short-term recovery! Current Price= 0.7531 Buy Entry= 0.7432 - 0.7050 Take Profit= 0.8346 | 0.9233 | 1.0164 Stop Loss= 0.6354 Risk/Reward= 1:1.25 | 1:2.25 | 1:3.3 Expected Profit= +15.26% | +27.51% | +40.37% Possible Loss= -12.25% Fib. Retracement= 0.559 | 0.786 | 1 Margin Leverage= 1x Estimated Gain-time= 1 week Tags: #FTM #FTMUSDT #Scaling #PoS #Staking #DAG #SC #EVM #Enterprise #DApp #DeFi #BSC #BC #SolEco Website: fantom.foundation Contracts: #Mainnet #ERC20 0x4e15361fd6b4bb609fa63c81a2be19d873717870 #BEP20 0xad29abb318791d579433d831ed122afeaf29dcfe #BEP2 FTM-A64 #SPL 8gC27rQF4NEDYfyf5aS8ZmQJUum5gufowKGYRRba4ENN #CELO 0x218c3c3d49d0e7b37aff0d8bb079de36ae61a4c0
Long
by TradingOn
Fantom/USDT quick analysis Quick analysis regarding fantom. In my opinion there will be a small bounce back in 1-2weeks, RSI oversold. Small correction is probable, (not over 0.53 price, resistance is strong there). After that we might see price go sideways for next couple months. (0.25-0.42 price range, there is really strong support in 0.25-0.26). I would keep an eye on BTC, if it hits new bottom of the year, we can get fantom cheaply (0.16-0.25 range). Which of course im hoping for, but because there is so strong support at 0.25-0.26 price range, it will be very hard to hit bottom below that. Maybe there should be short term limit sell orders close to 0.285 as it is very probable, price will go below that, because there is no support on that range, next support seems to be 0.25-0.27 range. This enables to buy cheap, about 0.25 would be ideal, if there is fast correction and not big trend going down. If that happens, i would wait a bit, and watch if we can even go below 0.25, if so prices might be at 0.16 on lowest (very good price in my opinion:) In short period of time, we might see a dip, not that much action, compared to couple previous days. Good luck with your trades!
by SuomiJamppa
$FTM FTM ABC WXY double correction Cycle I completedDouble correction taking place (like most cryptos). Failed to make HH against proppsed wave 5 favoring wave 5 completed cycle withan ABC correction already completed favoring yet another ABC correction in a double correction (WXY) to correct cycle I started March 2020. Technical targets for FTM are ~ blue fib extension lines as shown 1-1.236 however the current wave count 1-5 minor (red) is still in play. Once wave 3 & 4 are completed, we will get target for wave 5 to end wave C of Y and complete cycle II before staring cycle III up (provided BTC will resume bull trend once completed its double correction to end cycle II). Wave 3 will be equal leg of wave 1, wave 4 will be equal leg of wave 2, u can meausure the move using fib extension tool or simply use the trendline to get approximate targets via measured move. *Personally, I beleive FTM should find great support at the lower extremes and can see it extending down to the $0.26-$0.36 area where it found great support in wave (4). ** Keep in mind, we've ended an entire cycle of 5 wave so we can anticipate a larger retracement than a typical correction, esp once BTC makes its final major moves downtown. TAKE ADVANTAGE of this next dump and start to reaccumulate with your profits to hold for cycle III. Always keep some buy orders at the lower extremes in case u get lucky with some liquidation wicks, alts tend to falls hard when BTC dumps, luckily they tend to bounce back real fast. NFA, practice risk management, never over-invest, if trading with margin/leverage, practice 1-3% rule and use safe stop loss then simply manage the trade into risk free position. Just sharing ideas. Feel free to leave comments, hit like to show support and if you manage to hit targets from these ideas, please let us know. Tips are always welcomed :) Thank you for viewing, sharing and safe trading to you all!
Short
by CryptoHolix