Fantom ($FTM) Crypto Forecast: Down 5.5% Today

What is Fantom?

Fantom (FTM) is a cryptocurrency token known for its fast and secure blockchain platform that aims to solve scalability issues. The overall cryptocurrency market has been volatile today, with FTM experiencing a strong bearish movement.

Why is Fantom going down?

FTM crypto is down 5.5% on Nov 18, 2024 13:20

• The bearish movement in FTM today could be attributed to the negative sentiment in the overall cryptocurrency market following recent events that have raised concerns about security in the industry.
• Questions about whether $0.609 will be FTM's last stand might have contributed to the selling pressure, potentially making investors more cautious about the token's price stability.
• Despite on-chain metrics pointing towards a potential rally for FTM, broader market sentiment and specific events appear to have overshadowed any positive indicators for the token today.

FTM Price Chart

FTM Technical Analysis

FTM News

Crypto Lender Polter Finance Shuts Down After Hack Drains Nearly All Funds

Crypto Lender Polter Finance Shuts Down After Hack Drains Nearly All Funds

https://decrypt.co/292080/crypto-lender-polter-finance-hack-drains-funds

Will $0.609 be FTM’s last stand? Key metrics suggest that may be so!

Will $0.609 be FTM’s last stand? Key metrics suggest that may be so!

https://ambcrypto.com/will-0-609-be-ftms-last-stand-key-metrics-suggest-that-may-be-so/

FTM’s breakout – Examining if altcoin’s on-chain metrics back its rally odds

FTM’s breakout – Examining if altcoin’s on-chain metrics back its rally odds

https://ambcrypto.com/ftms-breakout-examining-if-altcoins-on-chain-metrics-back-its-rally-odds/

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Fantom Price History

18.10.2024 - FTM Crypto was down 5.5%

• The bearish movement in FTM today could be attributed to the negative sentiment in the overall cryptocurrency market following recent events that have raised concerns about security in the industry.
• Questions about whether $0.609 will be FTM's last stand might have contributed to the selling pressure, potentially making investors more cautious about the token's price stability.
• Despite on-chain metrics pointing towards a potential rally for FTM, broader market sentiment and specific events appear to have overshadowed any positive indicators for the token today.

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.

13.10.2024 - FTM Crypto was down 6.4%

• Despite positive outlook for altcoins surpassing Bitcoin and the likelihood of an altcoin surge, FTM saw a downward trend.
• Analysis of on-chain metrics hinted at potential concerns for FTM, prompting investors to sell off.
• Factors like profit-taking or market adjustments may have impacted FTM's value, diverging from the general optimism surrounding altcoins.
• Investors could be reassessing their FTM positions based on on-chain information, leading to a brief price dip despite potential for an altcoin upswing.

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.

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.

06.10.2024 - FTM Crypto was up 19.0%

• The bullish movement of FTM today could be attributed to the overall positive sentiment in the cryptocurrency market, with 30% of the top 50 cryptos outperforming Bitcoin. This suggests a potential altcoin season on the horizon, leading investors to diversify their portfolios beyond the dominant Bitcoin.
• The token listing controversy exposing tensions between exchanges and crypto projects may have indirectly impacted FTM's bullish movement, as investors seek tokens with strong fundamentals and transparent listings, favoring projects like Fantom that prioritize integrity and innovation.
• The combination of a potential altcoin season and the emphasis on trustworthy token listings could have contributed to the strong bullish movement of FTM today, attracting investors looking for promising projects in a competitive and evolving crypto landscape.

14.10.2024 - FTM Crypto was down 5.4%

• FTM experienced a strong bearish movement today, potentially due to profit-taking after a recent rally.
• Discussions on FTM's key metrics and on-chain data may have raised concerns among investors about the token's sustainability at current price levels.
• $0.609 is considered a critical level for FTM, potentially triggering selling pressure as traders aim to secure gains or limit losses.
• Overall, a combination of technical indicators and market sentiment likely contributed to FTM's bearish performance today.

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.