Name Symbol Market Market Cap ($) Algorithm
TRON TRXUSD Crypto 4,986,058,623 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  0.000858 1.61% 0.054107 0.054122 0.054472
High Price Low Price Open Price Prev. Close 52 Week Range
0.054486 0.053122 0.053249 0.053249 0.001130 - 0.115000
Exchange Last Trade Size Trade Price Currency
KRKN 03:12:14 4,100.00 0.054283 USD
Price x Volume Volume Base Symbol Related Pairs
23,829.17 441,484.92 TRX TRXEUR TRXGBP TRXBTC

TA- Fantom Shows Strength – Eyes $0.70

11/08/2022 5:51pm


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. As a consequence, the price of Fantom was able to try and break out of its range. The consumer price Index provides a gauge with regard to inflation in the economy while instigating BTC prices and other altcoins. (Data feeds from Binance) Price Analysis Of FTM On The Weekly Chart From the chart, the price of FTM saw a weekly low of around $0.2, which bounced from that area and rallied to a price of $0.4. The price has built more momentum as it faces resistance at $0.4. If the price of FTM on the weekly chart continues with this bullish structure, it could quickly revisit  $0.7. Weekly resistance for the price of FTM – $0.4. Weekly support for the price of FTM – $0.2. Price Analysis Of FTM On The Daily (1D) Chart The price of FTM found strong support at around $0.2, with what seems to be an area of interest on the daily chart. FTM bounced from its support and rallied as it faces resistance to break above a ranging channel and has continued to move in range. At the time of writing, the price of FTM is at $0.39, above the 50 exponential moving average with a price at $0.33 trying to break above a ranging channel to the upside. FTM is facing a resistance of $0.4 to break the channel, If the price of FTM breaks above the $0.4 resistance with good volume the price of FTM could rally to a high of $0.7. The RSI for the price of FTM on the daily chart is above 65, indicating healthy buy bids for FTM. The volume for FTM indicates buy bids, this shows bulls would want to push the price higher. Daily (1D) resistance for FTM price – $0.4. Daily (1D) support for FTM price – $0.33, $0.3. Price Analysis OF FTM On The Four-Hourly (4H) Chart The price of FTM has continued to maintain its bullish structure despite facing resistance at $0.4 trying to break out of a ranging channel. FTM is trading above the 50 and 200 EMA with prices of $0.372 and $0.33 acting as its support on the 4H chart, as the price faces resistance at $0.4. If the price of FTM breaks above the channel with a good volume we could see prices trending to $0.7, In case FTM is unable to break and experience a sell-off, 50 and 200 EMA prices would act as support for FTM prices. Four-Hourly (4H) resistance for FTM price – $0.4. Four-Hourly (4h) support for FTM price – $0.372, $0.33. Related Reading: Polygon Maintains Solid Footing As MATIC Balloons By 300% Since June Featured image from zipmex, Charts from 

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1 Year TRON Chart

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1 Month TRON Chart
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P: V:gb D:20221130 03:20:29