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

Saturday, September 03, 2022 07:29 AM | InvestorsObserver Analysts

Fantom receives an average long-term technical score of 42 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 42% 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 42 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

The current trading price of $0.270000000 for FTM is -$0.0400000 (-13.12%) below the coins 100-day moving average of $0.310000000. FTM meanwhile is $0.0700000 (-5470.99%) above its 52-week low of $0.200000000 and -$3.21000000 (-279.50%) under its 52-week high price of $3.480000000. Fantom's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 42. The price movement and range of FTM suggest that investors are bearish on the coin at this time. Fantom currently has a total market cap of $683,942,475.87 to go along with its average daily volume of $923,574,834.47 worth of the currency over the past seven days. FTM's volume is below its seven day average as of the past 24 hours, with 121,328,621.94 exchanged in that period. 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

FTM's historical trading over the past year gives it a an average long-term technical score of 42 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on Fantom (FTM).