Fantom (FTM): How Does it Rank Friday on Long-Term Trading Metrics?

Friday, July 01, 2022 07:16 AM | InvestorsObserver Analysts

Fantom receives an average long-term technical score of 33 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. FTM currently holds a superior long-term technical analysis score than 33% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Fantom a 33 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

FTM is currently -$0.4800000 (-65.81%) below its 100-day moving average price of $0.720000000 with its current price of $0.250000000. Meanwhile, Fantom is $0.0900000 (-7014.81%) above its 52-week low price of $0.150000000 and -$3.23000000 (-280.12%) below its 52-week high of $3.480000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 33. Trends for the long-term trading history of Fantom suggest that traders are currently bearish on the coin. Fantom has a market capitalization of $628,661,427.44 and a relatively average average daily volume with $1,303,865,433.62 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, FTM's volume is below its seven day average with 173,966,034.18 exchanged. 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

Technical analysis of Fantom over the past year results in the crypto receiving a an average long-term technical score of 33 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Fantom (FTM).