Fantom ($FTM) Crypto Forecast: Down 11.3% Today

What is Fantom?

Fantom (FTM) is a cryptocurrency token known for its fast and secure blockchain technology. The overall cryptocurrency market has been volatile recently, with investors closely monitoring various tokens for potential price movements.

Why is Fantom going down?

FTM crypto is down 11.3% on Dec 22, 2024 7:44

• The bearish movement of Fantom (FTM) by 12% could be attributed to the decrease in whale wallets, indicating a potential sell-off by large holders.
• Despite the launch of Fantom's rebranded Layer 1 Sonic and positive price predictions, the market sentiment may have been overshadowed by the significant drop in whale wallets.
• The bullish trend predicted by an analyst for Fantom above $1 may have been impacted by the current market conditions, leading to a bearish movement instead.
• The ongoing BTC buying spree by MicroStrategy and overall market volatility could have also influenced the bearish movement of Fantom as investors may have shifted focus towards Bitcoin.

FTM Price Chart

FTM Technical Analysis

FTM News

Fantom (FTM) Falls 12% as Whale Wallets Hit Monthly Low

Fantom (FTM) Falls 12% as Whale Wallets Hit Monthly Low

https://beincrypto.com/ftm-whale-wallets-decline-to-monthly-low/

Weekly Market Highlights - MicroStrategy Continues BTC Buying Spree

Weekly Market Highlights - MicroStrategy Continues BTC Buying Spree

https://www.binance.com/en/square/post/12-20-2024-weekly-market-highlights-microstrategy-continues-btc-buying-spree-17823809309761?utm_source=BinanceNewsRSS

Fantom's Rebranded Layer 1 Sonic Goes Live

Fantom's Rebranded Layer 1 Sonic Goes Live

https://thedefiant.io/news/blockchains/fantom-s-rebranded-layer-1-sonic-goes-live

Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals What’s Next In The Parabolic Trend

Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals What’s Next In The Parabolic Trend

https://www.newsbtc.com/news/fantom/fantom-breakout-above-1-trend/

Fantom [FTM] crypto price prediction: Why $1.6 is near

Fantom [FTM] crypto price prediction: Why $1.6 is near

https://ambcrypto.com/fantom-ftm-crypto-price-prediction-why-1-6-is-near/

Trending Today

Horizen ($ZEN) Crypto Forecast: Up 5.0% Today

Chainlink ($LINK) Crypto Forecast: Down 5.5% Today

THORChain ($RUNE) Crypto Forecast: Down 6.7% Today

Cardano ($ADA) Crypto Forecast: Down 6.6% Today

Solana ($SOL) Crypto Forecast: Down 6.2% Today

Ondo ($ONDO) Crypto Forecast: Down 9.4% Today

Aave ($AAVE) Crypto Forecast: Down 8.3% Today

Decentraland ($MANA) Crypto Forecast: Down 6.8% Today

Floki ($FLOKI) Crypto Forecast: Down 8.3% Today

Arbitrum ($ARB) Crypto Forecast: Down 9.1% Today

Fantom Price History

22.11.2024 - FTM Crypto was down 11.3%

• The bearish movement of Fantom (FTM) by 12% could be attributed to the decrease in whale wallets, indicating a potential sell-off by large holders.
• Despite the launch of Fantom's rebranded Layer 1 Sonic and positive price predictions, the market sentiment may have been overshadowed by the significant drop in whale wallets.
• The bullish trend predicted by an analyst for Fantom above $1 may have been impacted by the current market conditions, leading to a bearish movement instead.
• The ongoing BTC buying spree by MicroStrategy and overall market volatility could have also influenced the bearish movement of Fantom as investors may have shifted focus towards Bitcoin.

16.11.2024 - FTM Crypto was up 14.8%

• FTM experienced a significant bullish movement, rising 17% in value today.
• The overall crypto market, driven by Bitcoin reaching new all-time highs, created a positive sentiment for FTM and other altcoins.
• The news of a whale making a substantial investment in another token may have indirectly impacted market confidence, leading to increased interest and investment in FTM.
• The combination of market positivity, Bitcoin's performance, and whale activity likely played a role in the notable gains observed in Fantom (FTM) today.

16.11.2024 - FTM Crypto was up 17.1%

• 1. FTM experienced a 17% price increase, potentially influenced by positive market sentiment and growing investor interest in the cryptocurrency.
• 2. A large investor's substantial allocation to stacking Beam tokens using WSTETH might have impacted FTM's upward trend, indicating confidence in the cryptocurrency market.
• 3. The recent record-setting performance of Bitcoin (BTC) could also have played a role in FTM's price surge, as momentum in BTC often spills over to altcoins like FTM.
• 4. In summary, FTM's notable price increase today is likely a result of general market positivity, significant investor activity, and favorable trends in the wider cryptocurrency landscape.

21.11.2024 - FTM Crypto was up 5.2%

• Fantom's recent upward trend could be linked to the introduction of its upgraded Layer 1 solution, Sonic, which has attracted positive attention and interest from the market.
• Speculation that FTM could hit $1.6 may have boosted trader optimism, leading to a surge in buying activity.
• The optimistic overall mood in the cryptocurrency sphere, exemplified by Bitcoin's record-breaking performance and the rise of tokens like FTM and STX, likely influenced FTM's notable upward trajectory.
• Despite a decrease in the activity of large FTM holders, the favorable developments and market momentum appear to have eclipsed any potential selling influence, propelling Fantom to significant gains.

11.11.2024 - FTM Crypto was up 14.0%

• The bullish movement in FTM today can be attributed to a crypto whale acquiring a significant amount of FTM tokens, indicating strong confidence in the token's potential.
• The whale's profitable trades with FTM, Pepe Coin, and AERO this week might have sparked further interest and investment in FTM.
• The overall bullish sentiment in the altcoin market, as confirmed by Google Trends showing increased interest, likely contributed to the positive movement in FTM as well.
• The series of articles highlighting the whale's activities and the growing interest in altcoins could have created a FOMO (fear of missing out) effect, leading to increased buying pressure on FTM.

07.11.2024 - FTM Crypto was up 5.3%

• The upward trend of FTM today could be linked to a notable entity placing profitable bets on various altcoins, including FTM.
• The validation of an altcoin season through Google Trends, signifying a spike in interest, may have boosted the positive momentum of FTM.
• Speculative discussions and price projections, like a possible surge to $1.68 and key resistance levels to monitor, may have sparked investor positivity and increased purchasing demand for FTM.

07.11.2024 - FTM Crypto was up 5.3%

• The bullish movement of FTM today can be attributed to a prominent crypto whale acquiring a significant amount of FTM tokens, signaling confidence in the token's potential for growth.
• The news of a whale making a substantial profit this week with FTM, along with other tokens, likely contributed to positive sentiment and increased buying pressure on FTM.
• Additionally, the confirmation of an altcoin season by Google Trends, indicating a surge in interest in alternative cryptocurrencies like FTM, could have further boosted the token's price.
• Investors should keep an eye on key levels, particularly the $3.38 mark, which could act as a significant resistance level for FTM's price movement in the near future.

14.11.2024 - FTM Crypto was up 5.2%

• The bullish movement in FTM could be attributed to increased investor confidence in the cryptocurrency market.
• The news of a whale spending a significant amount of $WSTETH to acquire a large number of Beam tokens may have sparked interest in alternative tokens like FTM.
• This influx of capital into the cryptocurrency space could have created a positive sentiment around FTM, leading to its strong bullish movement.
• Investors might be viewing FTM as a promising investment opportunity amidst the ongoing market fluctuations, contributing to its upward price trajectory.

18.11.2024 - FTM Crypto was down 14.2%

• Despite recent positive developments such as the rebranded Layer 1 technology going live and price predictions nearing $1.6, Fantom experienced a bearish movement today.
• The overall bullish sentiment in the crypto market, with Bitcoin hitting new all-time highs and other tokens making significant gains, did not translate into positive price action for Fantom.
• It's possible that profit-taking by investors who saw a 17% jump in FTM recently contributed to the bearish movement.
• The whale transaction stacking Beam tokens with WSTETH might have diverted attention and funds away from Fantom, impacting its price negatively amidst the broader market excitement.

21.11.2024 - FTM Crypto was up 5.6%

• FTM experienced a strong bullish movement likely due to the launch of its rebranded Layer 1 Sonic, showcasing the project's continuous development and progress.
• Despite a recent 12% fall as whale wallets hit a monthly low, the positive sentiment around FTM's future potential, as indicated by the price prediction of $1.6, could have contributed to the bullish movement.
• The overall positive momentum in the crypto market, with Bitcoin hitting new highs and other tokens like Ondo (ONDO) and Virtuals Protocol (VIRTUAL) also performing well, likely provided a favorable environment for FTM to mark huge gains.

17.11.2024 - FTM Crypto was down 5.4%

• Despite recent positive developments and significant gains in the crypto market, Fantom (FTM) experienced a bearish movement today.
• Price predictions pointing towards a potential rise to $1.6 may have created high expectations among investors, leading to profit-taking and a subsequent price decline.
• A large whale transaction involving Beam tokens could have diverted attention and liquidity away from Fantom, contributing to the downward pressure on FTM's price.
• In sum, the bearish movement in Fantom (FTM) today could be attributed to profit-taking, market dynamics, and evolving investor sentiment against a backdrop of positive developments in the broader crypto market.

22.11.2024 - FTM Crypto was down 5.4%

• The bearish movement of Fantom (FTM) by 12% could be attributed to the decrease in whale wallets, indicating a potential sell-off by large holders.
• Despite the recent launch of Fantom's rebranded Layer 1 platform, Sonic, the market reaction seems to have been overshadowed by profit-taking activities.
• The prediction of FTM's price nearing $1.6 might have created unrealistic expectations, leading to a market correction as investors adjust their positions.
• The overall sentiment in the cryptocurrency market, as highlighted by the top 5 coins to watch this week, could have also influenced FTM's bearish movement as traders reallocate their portfolios based on market trends.