FTM Price Analysis: Fantom (FTM) Token Skyrockets into New Highs, Weekly Chart Hints Bearish Divergence

By Sunil Sharma Published October 8, 2021 Updated October 8, 2021 77fbc72741e4bc9625412e1ae819b49d - FTM Price Analysis: Fantom (FTM) Token Skyrockets into New Highs, Weekly Chart Hints Bearish Divergence 10 Swap on 130+ DEXes Best Buy In

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Ledger 254faa1215bf80811bf5268443ecae57 - FTM Price Analysis: Fantom (FTM) Token Skyrockets into New Highs, Weekly Chart Hints Bearish Divergence 11 By Sunil Sharma Published October 8, 2021 Updated October 8, 2021

In the DeFi and also Yield Farming community, Yearn Finance currently includes assistance for the Fantom Network, owing to its affordable and also rate. Yearn Finance, which began as an automated Yield collector that uses individuals the highest possible returns for their properties on the Ethereum community, currently uses multichain assistance with the Fantom community as a significant landmark. 

By changing their network from Ethereum to Fantom on the We b3 purse, individuals can begin connecting with the 4 Fantom- based Vaults on Yearn, that include: USD Coin, Fantom, DAI, and also the Magic Internet Money [MIM] stablecoin.

In enhancement to the Yearn Vaults, the joint Iron Bank endeavor in between Yearn and also C.R.E.A.M a borrowing and also loaning system additionally launces onFantom Insights from FTM Scan disclose an expanding variety of one-of-a-kind addresses from 1,500 in April to 854,284 at the time of this record. 

 As preferred DeFi applications such as Curve Finance, Yearn Finance, Sushiswap, and also Ren sign up with the Fantom Network, experts guess on new gains for the FTM token. Let’& rsquo; s diveinto the price graphes of the FTMUSDT, beginning with the weekly review, and also cover points up on the 4HR period.

Fantom (FTM) Weekly Chart Analysis

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This week the Fantom (FTM) price establishes a new all-time high at 2.4410, after an abrupt price rise over the 1.940 resistance. An earlier outbreak of the bearish divergence fad line on the RSI sent out the price of the FTMUSDT into a favorable trajectory by about 551% from the outbreak factor.

Read More: Fantom [FTM] Review and also FTM Price Prediction 2021

Fantom (FTM) Daily Chart Analysis

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Looking at the day-to-day period, the RSI[4] terminated up the uptrend after breaching level-75, and also it has actually not gotten to level-25 since the outbreak on 31 July ’& rsquo; 21.(* )need for the Massive token required the FTMUSDT over the 1.94 resistance and also we anticipate an additional walking in the FTMUSDT as the crypto set gets in price exploration.FTM (

Fantom) 4HR FTM An unexpected price ruptured over the 1.524 resistance attracted much more acquiring power for the Chart Analysis

b2dbfe857e0e142cefd3b542c887933e - FTM Price Analysis: Fantom (FTM) Token Skyrockets into New Highs, Weekly Chart Hints Bearish Divergence 14

token as the price gets in overbought area on the 4HR period.FTM expect a price pull-back from the existing highs and also aim to return to the positive project if the RSI goes down listed below level-75.

We the higher energy can still continue on the intraday degrees, investors are prompted to look out for an upcoming bearish divergence on the weekly period.

Although (

Fantom) FTM price: 2.260Intraday Levels

  • Spot––
  • Mid: Term Trend [H4]: Bullish
  • Volatility: $1.5240 and also $1.2876High
  • Support: $2.441
  • Resistance (SHIB)

  • Trending
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37adca9f80208e64dc13401d5c4341c7 - FTM Price Analysis: Fantom (FTM) Token Skyrockets into New Highs, Weekly Chart Hints Bearish Divergence 15 Facebook Twitter 219 In Sunil Sharma is a serial business owner and also has actually been operating in blockchain and also cryptocurrency area for 2 years currently. Articles Sunil he co-foundedPreviously of Govt sustained start-up India Thinks and also is presently In at Chief Editor and also CEO at SquadX, a fintech start-up. Coingape has actually released greater than 100 short articles on cryptocurrency and also blockchain and also has actually aided a variety of ICO’s in their success. He has actually co-designed blockchain growth commercial training and also has actually held several meetings in past. He him on Follow at @sharmasunil8114 and also connect to him at sunil (at) coingape.com Twitter MATIC b1b60303bdcc7b1f2e43ccc4e2d7bd6a - FTM Price Analysis: Fantom (FTM) Token Skyrockets into New Highs, Weekly Chart Hints Bearish Divergence 16Previous

: Price Analysis to A High Demand Leads, Breakout Above Descending Triangle MATIC Is for ATH?Headed however

0df3e0bb09c49d90122523e23ec170a7 - FTM Price Analysis: Fantom (FTM) Token Skyrockets into New Highs, Weekly Chart Hints Bearish Divergence 17Next

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John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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