Fantom ($FTM) Crypto Forecast: Down 5.2% Today

What is Fantom?

Fantom (FTM) is a cryptocurrency token known for its innovative technology and fast transaction speeds. The overall cryptocurrency market has been volatile today, with mixed signals affecting various digital assets.

Why is Fantom going down?

FTM crypto is down 5.2% on Nov 4, 2024 20:48

• The bearish movement of FTM today could be attributed to the token listing controversy, which has exposed tensions between exchanges and crypto projects. This negative sentiment may have led to a sell-off of FTM by investors.
• Despite recent gains and finding support at a key level, the mixed market signals may have contributed to uncertainty among traders, leading to profit-taking and a downward price movement for FTM.
• The retest of the support level at $0.577 for FTM could have triggered technical selling pressure, causing the bearish movement observed today.
• In conclusion, the combination of the token listing controversy, mixed market signals, and technical factors likely played a role in the bearish movement of Fantom (FTM) in today's trading session.

FTM Price Chart

FTM Technical Analysis

FTM News

Token Listing Controversy Exposes Tensions Between Exchanges and Crypto Projects

Token Listing Controversy Exposes Tensions Between Exchanges and Crypto Projects

https://beincrypto.com/token-listing-controversy-exposes-tensions/

Fantom looks set for double-digit gains following retest of key support level

Fantom (FTM) extends its gains for a fourth consecutive day on Tuesday after finding support at around $0.577 on Friday.

https://www.fxstreet.com/cryptocurrencies/news/fantom-looks-set-for-double-digit-gains-following-retest-of-key-support-level-202410291321

Fantom price prediction – Mixed market signals could push FTM THIS way!

Fantom price prediction – Mixed market signals could push FTM THIS way!

https://ambcrypto.com/fantom-price-prediction-mixed-market-signals-could-push-ftm-this-way/

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Fantom Price History

22.09.2024 - FTM Crypto was down 5.1%

• Despite recent bullish sentiment and whale activity, Fantom (FTM) experienced a strong bearish movement today.
• The conflicting information may have caused uncertainty among investors, leading to profit-taking and a bearish trend.
• The slowing price momentum after a significant weekly surge suggests a possible correction in the market.
• Traders updating their outlook on other altcoins like Ethena and Solana-based projects could have diverted attention and capital away from Fantom, contributing to the bearish movement.

28.09.2024 - FTM Crypto was up 5.5%

• The bullish movement of FTM today can be attributed to the analyst's positive sentiment regarding the end of its downtrend and the potential target of $1, instilling confidence in investors.
• The surge in whale activity for Fantom indicates increased interest and investment from large holders, potentially leading to a 20% rally.
• The overall positive market sentiment towards altcoins for the upcoming 2025 bull run could have also positively influenced FTM's price today, as investors seek promising projects like Fantom.
• The upcoming token launch of Ava Protocol and the surge in demand for web3 automation providers could have created a positive spillover effect on FTM, contributing to its bullish movement.

25.09.2024 - FTM Crypto was down 6.8%

• Strong demand for Ava Protocol's token launch and positive analyst sentiment towards Fantom (FTM) suggest a potential bullish movement for FTM.
• Despite a notable surge in whale activity and a significant buying spree totaling $160 million, the market response for FTM remained negative today.
• Profit-taking by investors after a recent price surge is believed to have caused a bearish movement in FTM, resulting in a temporary pullback.
• Analysts predicting a 30% correction for another asset (SUI) may have impacted overall market sentiment and contributed to the bearish trend in FTM.

29.09.2024 - FTM Crypto was up 5.6%

• Fantom's bullish movement can be attributed to finding strong support at $0.577 and extending gains for the fourth consecutive day.
• The positive price prediction amidst mixed market signals could have fueled investor optimism and buying interest in FTM.
• The overall bullish sentiment in the cryptocurrency market, as indicated by the Top Crypto Analyst's Altcoins for the 2025 Bull Run, may have also contributed to Fantom's upward momentum.
• The surge in demand for Web3 automation provider Ava Protocol's token launch could have created a ripple effect in the market, boosting confidence in related projects like Fantom.

29.09.2024 - FTM Crypto was up 5.3%

• Fantom's bullish movement today can be attributed to the analyst's positive outlook on the token, suggesting that the previous downtrend is over and a potential target of $1 is in sight.
• The surge in demand for Web3 automation provider Ava Protocol's services could have indirectly boosted confidence in projects like Fantom, leading to increased investment in FTM.
• The anticipation of the 2025 bull run for altcoins, as highlighted by the top crypto analyst, might have created a positive sentiment in the cryptocurrency market, benefiting tokens like Fantom.
• Despite some analysts forecasting a pullback and correction for other tokens like SUI, investors seem to be favoring assets like Fantom, driving its price higher.

29.09.2024 - FTM Crypto was up 5.1%

• FTM experienced a strong bullish movement today, potentially fueled by positive market sentiment and increased demand for altcoins like FTM.
• The prediction of mixed market signals pushing FTM in a certain direction might have intrigued investors, leading to increased buying pressure on the token.
• As top crypto analysts unveil the best altcoins for future bull runs, FTM could have caught the attention of traders looking for promising investment options.
• The surge in demand for Web3 automation providers like Ava Protocol could have also positively influenced FTM's price, as investors seek exposure to innovative projects within the cryptocurrency space.

21.09.2024 - FTM Crypto was up 5.5%

• The bullish movement in FTM can be attributed to a trader unveiling a massive price target for an Ethereum rival, which may have sparked increased interest and investment in FTM as an alternative.
• Additionally, the update on FTM's outlook amidst a surge in a Solana-based altcoin suggests a positive sentiment towards alternative cryptocurrencies, potentially driving up demand for FTM.
• The mention of short sellers and whales fueling FTM's rally indicates that a combination of short squeezes and large investors accumulating positions could have contributed to the significant price increase.
• Overall, the combination of positive market sentiment towards alternative cryptocurrencies, price target announcements, and potential short squeezes may have propelled FTM's bullish movement today.

31.09.2024 - FTM Crypto was down 5.0%

• The bearish movement in FTM today can be attributed to the mixed market signals, which might have caused uncertainty among investors.
• Despite the positive outlook of potential double-digit gains and support levels, the overall sentiment in the market seems to have shifted, leading to a downward trend in FTM.
• The anticipation of a bull run in 2025 for other altcoins could have diverted attention and investment away from FTM, impacting its performance negatively.

18.09.2024 - FTM Crypto was down 5.0%

• The bearish movement in FTM today could be attributed to profit-taking by traders after a recent 14% weekly surge, leading to a slowdown in its price momentum.
• Updates on other altcoins like the Solana-based token possibly diverting attention and investment away from FTM, impacting its price negatively.
• Speculations around short sellers and whales influencing FTM's rally might have added selling pressure, contributing to the bearish movement.
• The publication of a Litepaper by Sonic, potentially drawing investor interest and funds away from FTM, could have also played a role in the token's decline today.

23.09.2024 - FTM Crypto was down 5.7%

• Despite the recent bullish sentiment with whales leading a significant buying spree, Fantom (FTM) faced a strong bearish movement today.
• Forecasts of a potential 30% correction and the increased whale activity hitting a 1-year high may have contributed to the selling pressure on FTM.
• Conflicting opinions from analysts, with some suggesting the downtrend is over while others predict a pullback, could have added to the uncertainty and volatility in FTM's price.
• The overall market sentiment towards altcoins like Fantom might have been influenced by a trader unveiling a massive price target for an Ethereum rival and highlighting the attraction of memecoins to retail investors, diverting attention and funds away from FTM temporarily.

22.09.2024 - FTM Crypto was down 5.2%

• Despite notable bullish indicators including increased whale activity and substantial buying activity, Fantom (FTM) witnessed a notable bearish shift today.
• The price upsurge earlier in the week might have triggered profit-taking by investors, resulting in a temporary deceleration in price momentum.
• Forecasts of a potential climb to $1 and the general positive sentiment surrounding the project suggest that today's bearish movement could be a brief correction rather than a lasting trend reversal.
• The impact of individual investors turning to meme coins and the performance of competitors to Ethereum like Fantom (FTM) may also play a role in the market fluctuations.

04.10.2024 - FTM Crypto was down 5.2%

• The bearish movement of FTM today could be attributed to the token listing controversy, which has exposed tensions between exchanges and crypto projects. This negative sentiment may have led to a sell-off of FTM by investors.
• Despite recent gains and finding support at a key level, the mixed market signals may have contributed to uncertainty among traders, leading to profit-taking and a downward price movement for FTM.
• The retest of the support level at $0.577 for FTM could have triggered technical selling pressure, causing the bearish movement observed today.
• In conclusion, the combination of the token listing controversy, mixed market signals, and technical factors likely played a role in the bearish movement of Fantom (FTM) in today's trading session.