Is Fantom (FTM) Trending Lower or Higher Sunday?

Sunday, August 28, 2022 02:19 PM | InvestorsObserver Analysts

InvestorsObserver gives Fantom an average long-term technical score of 58 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. FTM at this time has a superior long-term technical analysis score than 58% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Fantom a 58 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 -$0.0400000 (-12.59%) below its 100-day moving average price of $0.320000000 with its current price of $0.280000000. Meanwhile, Fantom is $0.0800000 (-5466.74%) above its 52-week low price of $0.200000000 and -$3.20000000 (-279.26%) 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 58. Trends for the long-term trading history of Fantom suggest that traders are currently neutral on the coin. Fantom has a market capitalization of $705,155,922.56 and a relatively average average daily volume with $1,757,861,148.28 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 111,571,758.40 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 58 as its price movement in that time has given traders reason to be neutral on the coin in the long-term. Click Here to get the full Report on Fantom (FTM).