Fantom (FTM): Does it Score Well on Long-Term Trading Metrics Sunday?

Sunday, June 04, 2023 05:30 PM | InvestorsObserver Analysts

Fantom receives a weak long-term technical score of 19 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, FTM holds a superior long-term technical analysis score than 19% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Fantom a 19 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Fantom!

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Trading Analysis

Fantom's price is -$0.0900000 (-21.47%) below its 100-day moving average price of $0.420000000 as its price at the moment sits at $0.330000000. Additionally, FTM is $0.1700000 (-6472.77%) higher than its 52-week low price of $0.160000000 while -$0.32000000 (-1480.15%) under its 52-week high of $0.650000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives FTM an average long-term technical score of 19. Long-term trading movement of Fantom suggest that investors are bearish on the coin at the moment. Fantom has a total market value of $922,755,055.24 with an average average daily volume of $331,310,382.13 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, FTM's volume is below its average with $53,549,738.95 exchanged in total. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Trading patterns over the last year for Fantom leads to the coin's a weak long-term technical score of 19 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on Fantom (FTM).