"FTM eyes a rebound with Sonic conversion and airdrop catalysts! Fantom (FTM) shows a recent downtrend, but the upcoming Sonic (S) conversion and the associated incentives like the free swaps and airdrop could catalyze significant price action. Here’s a detailed analysis:
Current Technical Overview:
1. Price Action:
- The price is currently trading at $0.74250, down significantly from its recent highs, but it appears to be nearing a support level.
- Historically, these levels may attract buyers looking for value or anticipating upcoming events.
2. Moving Averages:
- The yellow line represents the 50-day moving average (MA), while the red line is the 200-day MA.
- The price is below both MAs, suggesting bearish momentum in the short term. However, a catalyst like the Sonic conversion could reverse this trend if it sparks significant buying activity.
3. RSI (Relative Strength Index):
- The RSI is near 38.93, which is close to the oversold region (below 30).
- This indicates potential for a rebound, especially with the upcoming news providing a fundamental driver.
4. Volume:
- There is moderate volume, but it hasn't yet shown the surge that might accompany the January 19 event. If trading activity picks up in anticipation, this could signal increased interest.
Impact of Upcoming Events:
1. Sonic (S) Conversion:
- The free swaps for the first 90 days provide a strong incentive for current holders to stay invested and for new investors to join.
- This could reduce selling pressure on FTM while potentially driving demand.
2. Airdrop*:
- A points-based airdrop with 6% of the supply set aside can encourage accumulation of FTM to qualify, likely increasing buying pressure over the coming months.
3. Psychological and Market Sentiment:
- Such large-scale events often generate positive sentiment and FOMO (Fear of Missing Out), potentially pushing the price upwards as we approach the event.
Strategy and Outlook:
1.Short-Term:
- As the January 19 date approaches, there is a strong possibility of a price rebound if volume picks up and sentiment turns bullish.
- Traders may look for entries near the current support level with tight stop-losses in case of further downside.
2. Mid-Term:
- The incentives from the free swaps and airdrop could sustain higher interest in FTM through Q1 2025.
- Monitor for a breakout above the 50-day MA as a confirmation of trend reversal.
3. Risks:
- If the broader market remains bearish or if the events fail to meet expectations, the price could consolidate or continue its downtrend.
- Keep an eye on the volume and RSI for early signals of a move.
Key Levels to Watch:
- Support: $0.70 (current zone) and $0.60 (major support).
- Resistance: $0.95 (50-day MA) and $1.20 (recent high).
With the January 19 event on the horizon, this could be a pivotal moment for Fantom's price action. It's a good opportunity to prepare for potential volatility and capitalize on positive momentum.
FTMUSDT
FTM Ready to Pump? Exclusive AI-Powered Analysis### Technical Analysis of the Market 🎯
---
#### 📊 Overall Market Trend (Based on ADX Indicator)
The ADX indicator, with a value of 46.08, indicates a strong trend. Given the +DI value of 11.54 and -DI value of 23.83, the overall market trend is bearish as -DI is greater than +DI.
🔍 **Analysis:** In a strong bearish trend, traders tend to see more sellers entering the market, avoiding buying positions. Short-term selling opportunities (short positions) on similar assets may be attractive.
---
#### 📉 Overbought and Oversold Conditions (Based on RSI and Stochastic Indicators)
- **RSI Indicator:** The RSI value of 33.34 suggests the market is nearing the oversold zone.
- **Stochastic Indicator:** K-line at 24.50 and D-line at 22.57 indicate the market is already in the oversold zone.
🔍 **Analysis:** This situation shows strong selling pressure, but a potential price reversal or short-term correction could occur soon. Cautious traders may wait for clear reversal signals.
---
#### 📈 Moving Averages Analysis (EMA and SMA)
- **Short-term Averages (10-Day):** EMA at 0.6866 and SMA at 0.6819 are above the closing price of 0.6775, indicating bearish momentum.
- **Long-term Averages (50- and 200-Day):** Both EMA50 and EMA200 are also above the current price, reinforcing the bearish market sentiment.
🔍 **Analysis:** The downward movement relative to all moving averages across timeframes provides a strong sell signal. Traders may capitalize on this situation by selling or entering short positions.
---
#### 🔍 Key Indicator Analysis (MACD, CCI, and Momentum)
- **MACD Indicator:** The MACD value is -0.024, with the signal line at -0.025. The MACD line is below the signal line but close to a bullish crossover.
- **CCI Indicator:** The CCI20 value of -82.30 indicates an oversold condition.
- **Momentum Indicator:** The Momentum value of -0.029 confirms declining price strength.
🔍 **Analysis:** These indicators continue to signal selling pressure, though there is a slight possibility of a minor reversal in the short term.
---
#### 🛑 Key Support and Resistance Levels
- **Support Levels:**
- First support level: 0.6830 (based on classic pivots).
- Second support level: 0.5832 (based on classic pivots).
- **Resistance Levels:**
- First resistance level: 0.8686 (based on classic pivots).
- Second resistance level: 0.9684 (based on classic pivots).
🔍 **Analysis:** Traders may use the support level at 0.6830 as an entry point for short-term buying, while the resistance level at 0.8686 could serve as a take-profit target.
---
#### ✅ Summary and Recommendations
📉 **Recommendation:** The market is currently in a strong bearish phase. Traders can adopt short-term selling strategies and cautiously buy near identified support levels.
💡 If the price approaches the 0.6830 support level and is accompanied by reversal signals (e.g., rising RSI or positive MACD), a good buying opportunity may arise.
⚠️ **Disclaimer:** This analysis is AI-generated and should be combined with personal knowledge and experience. Trading decisions are solely your responsibility.
Bearish monthly for FTM S more dump incomingFTM S monthly broke through critical support on the HTF and is now poised for further downward correction. Don't worry, maybe when they launch new charts with S, it will not be visible. We will, however, remember...
FTMUSDT - All eyes on Sonic!Weekly chart displays A very strong support level where the price is expected to rebound significantly, located at the 0.75 area
This zone converges several weekly supports, including the 50 EMA, the 0.5 Fibonacci level, and the upper side of the symmetrical triangle pattern.
accumulation is suitable now and up to the 0.7 level.
On January 13, 2025, the token will automatically be rebranded to (S) , meaning Sonic .
This represents an upgrade to the FTM token, similar to what happened with RNDR transitioning to Render .
This is a significant update to FTM’s infrastructure to align with leading projects in the space.
And as a token supported by Dubai, you can be confident in its bright future.
Buy between: 0.8 - 0.7
Targets: 1 - 1.6 - 3.5 - 7.5 - 21
Best regards Ceciliones 🎯
Fantom is experiencing a potential pullback around the resistancWe need to wait for Bitcoin to show us that the holidays are over, but we are waiting for a pullback. If it can't hold the support, we may need to take another short position.
FTMUSDT 1WFTM Update ~ 1W
#FTM So far it continues to maintain its bullish structure.if you want to buy this coin,. Buy gradually within this support block zone.
Entry to the upside on the 30-minute timeframe while maintainingIn this analysis, we are positioned on an upward trajectory, and there is a possibility of making history by the end of the year.
Fantom (FTM) Poised for a Critical Move: Are You Ready for This?Yello, traders! Have you been tracking Fantom's recent price action? It’s make-or-break time for FTM as it clings to crucial support zones this setup could define its trajectory for weeks to come. Let’s dive into the details.
💎#Fantom (FTM) has been respecting a critical ascending trendline for months, and the current price action suggests that the $0.741–$0.7906 range is a vital support zone. This level has repeatedly acted as a launchpad for bullish momentum, and any failure to hold here could lead to a deeper retracement, potentially toward the $0.5237–$0.5574 region. On the other hand, if bulls step in and defend this level convincingly, we could see #FTM push back toward its next major resistance at $1.10–$1.20.
💎Breaking above this resistance would be a significant bullish signal, opening the door to a rally toward $1.50 and possibly as high as $2.00 in the coming weeks. However, hesitation in the market is evident, as trading volumes remain muted, suggesting that both bulls and bears are waiting for confirmation of the next major move.
💎The RSI currently sits near neutral levels, not yet signaling oversold conditions, but a dip below 40 would confirm bearish momentum. For now, the trendline remains intact, and the long-term structure leans bullish as long as the $0.7906 support holds. However, if sellers manage to break below this key area, the structure would shift, bringing much lower levels into play.
💎#Fantom is at a crossroads, and patience is key. The market is testing traders’ discipline right now, and emotional decisions could be costly. The best strategy is to wait for confirmation either a bounce above support or a decisive breakdown below it before taking a position.
Stay focused, trade smart, and always prioritize risk management over greed. Only those who play the game strategically will stand at the top when the dust settles. Stay sharp, Paradisers!
MyCryptoParadise
iFeel the success🌴
FTMUSDT Analysis: Valuable Demand Zone IdentifiedI believe the blue box in FTMUSDT represents a high-value demand zone . Considering that overall market conditions are not favorable , I’ve opted for a lower entry point that aligns with a more cautious and strategic approach.
This blue box stands out due to its significance from multiple perspectives . I utilized heatmap , cumulative volume delta (CVD) , and volume footprint techniques to pinpoint this area as a precise zone where buyers are likely to show strength.
Key Points:
Market Conditions: Weak, favoring conservative and well-planned entries.
Blue Box: A critical demand zone identified with advanced tools.
Techniques Used: Heatmap, CVD, and volume footprint for accuracy.
If you'd like to learn how I use these techniques to determine accurate demand zones, just DM me!
If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
🐳 QKCUSDT: Sniper Entry +%57 Reaction
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Phantom in the daily breakdown channelThe status of the cryptocurrency is trending downward in the 30-minute channel. There is support at 0.9826, and we need to see what happens next.
up to 3.8x profit in ftm after retrecment!buy area (0.72-0.52)
tp1 (1.4776)-(102%)
tp2 (1.9314)-(166%)
tp3 (2.6507)-(265%)
tp4 (3.4951)-(380%)
follow me if you need $
FTM BUY!Hello friends
After the third encounter with the resistance, this coin was able to break it, and now with the pullback to that resistance, it has become a support, and by maintaining the range, we can expect a step up.
Be successful and profitable.
Fantom’s Sonic Protocol Goes Live on Mainnet: Can It Revive FTM?Fantom ( CRYPTOCAP:FTM ), now rebranded as Sonic Labs, has taken a significant step forward with the launch of the Sonic Protocol on the mainnet. This next-generation, high-throughput blockchain platform aims to revolutionize Decentralized Applications (DApps) development and operation. Despite the groundbreaking advancements, CRYPTOCAP:FTM continues to face selling pressure. This article explores the implications of the Sonic Protocol launch and its potential impact on CRYPTOCAP:FTM , analyzing both the technical and fundamental aspects.
Sonic Protocol: A Game-Changer for Blockchain Developers
The Sonic Protocol is designed to enhance scalability, efficiency, and developer experience. Key features include:
- High Throughput: Capable of executing up to 10,000 transactions per second.
- Sub-Second Finality: Reducing transaction confirmation times to fractions of a second.
- EVM Compatibility: Enabling seamless interaction with Ethereum (ETH) and other blockchain ecosystems.
- Decentralized Gateway: A native bridge to Ethereum for smoother asset and data transfers.
These features position Sonic Labs as a strong contender in the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) spaces, providing developers with the infrastructure to create next-generation DApps.
The launch follows the completion of the “Blaze” testnet, which validated the protocol’s EVM compatibility and performance metrics. Sonic Labs has also achieved the Genesis Block for its new smart contract chain, signaling readiness for widespread adoption.
Fundamental Implications for CRYPTOCAP:FTM
The Sonic Protocol introduces a token migration mechanism where CRYPTOCAP:FTM holders can upgrade their tokens to “S” tokens on a 1:1 basis using the Sonic upgrade portal. This transition opens users to Sonic’s ecosystem of applications but also raises concerns about CRYPTOCAP:FTM ’s long-term relevance.
- Free Migration Period: Users can swap CRYPTOCAP:FTM for “S” tokens freely within the first 90 days post-launch. After this period, upgrades will only occur from CRYPTOCAP:FTM to “S”, potentially phasing out $FTM.
- CEX and Ethereum Migration: Holders on centralized exchanges (CEX) or Ethereum must migrate their tokens before upgrading, using the Sonic Gateway.
- Ecosystem Governance: Sonic Labs and the Sonic Foundation will manage DApp development and network governance, ensuring sustainability and innovation.
The introduction of “S” tokens could dilute CRYPTOCAP:FTM ’s utility, prompting a wave of selloffs as investors adjust to the evolving dynamics.
Technical Analysis
At the time of writing, CRYPTOCAP:FTM is trading at $1.166, down 12% over the past 24 hours. The price remains in a bearish zone, showing no immediate signs of recovery. Key technical indicators suggest further downside risk:
- Relative Strength Index (RSI): The RSI stands at 35, indicating oversold conditions but lacking a clear reversal signal.
- Moving Averages: CRYPTOCAP:FTM is trading well below its 50-day and 100-day moving averages, reinforcing bearish sentiment.
- Resistance Levels: On the upside, CRYPTOCAP:FTM faces resistance at $1.35, a critical level it must reclaim to reverse the current trend.
The MACD indicator also shows a bearish crossover, with the signal line diverging further into negative territory. The lack of sustained buying pressure adds to the concern of continued price declines.
Will Sonic Protocol Spark a Revival?
While the Sonic Protocol offers immense potential for the Fantom ecosystem, the immediate market reaction has been underwhelming. The token migration and uncertainty surrounding CRYPTOCAP:FTM ’s future utility have overshadowed the protocol’s technical achievements.
However, the long-term outlook remains optimistic. If Sonic Labs can attract significant developer interest and deliver impactful DApps, the ecosystem’s value proposition could strengthen, potentially reviving CRYPTOCAP:FTM and its successor, “S”.
Conclusion
The Sonic Protocol’s mainnet launch marks a pivotal moment for Fantom’s evolution. While CRYPTOCAP:FTM faces short-term bearish pressure, the protocol’s advanced features and developer-focused approach hold promise for long-term growth. Investors should closely monitor the adoption of Sonic Protocol and the performance of “S” tokens in the coming months to gauge the ecosystem’s trajectory.
ftm fantom"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
TradeCityPro | FTM : Evaluating Parabolic Trends👋 Welcome to TradeCityPro!
In this analysis, I’ll review another coin from our weekly watchlist, FTM (Fantom). Previously, I analyzed this coin, highlighting the breakout trigger at 0.8401. If you entered a position or bought in the spot market, you likely secured solid profits. Let’s re-evaluate this coin with fresh insights, analyzing it on the daily and 4-hour timeframes.
📅 Daily Timeframe: Weekly Resistance Break with Trend Weakness
On the daily timeframe, FTM is exhibiting a parabolic trend accompanied by a curved ascending trendline. So far, the price has reacted to this trendline three times, each time resuming its upward movement and ending corrections.
📈 In the last leg of the uptrend, after breaking the 0.7707 resistance, the price surged to the weekly resistance zone at 1.1116. The price even stabilized above this level; however, the trend is not in an ideal state.
🔍 Following the breakout of 1.1116, candle sizes have gradually shrunk, corrections have deepened, and volume has been declining. Additionally, the RSI is showing signs of a divergence that hasn’t yet materialized but could influence the chart upon a breakdown below 55.74 on the RSI.
🔑 A notable aspect of sharp trends and pre-pump movements is their inherent trend weakness and potential for reversals. Interestingly, when trend weakness peaks, the trend often resumes sharply with large candles, nullifying all indicators of weakness and aligning them to support the trend.
🔼 If the trend continues, the first resistance level, a minor resistance, is at 1.6218. If the price stabilizes above this zone, the next resistance lies at 3.2506, the strongest resistance for FTM. This zone is near the ATH and represents a major supply area.
📉 In case of a correction, the first immediate support is the curved trendline, which the price may react to. If this trendline breaks, the next levels are 1.1116 and 0.7707. A stabilization below 0.7707 would invalidate the bullish scenario, and the price could target supports at 0.5349 and possibly 0.2928.
⏳ 4-Hour Timeframe: Moving Within an Ascending Channel
On the 4-hour timeframe, the price is moving within an ascending channel and is currently interacting with the channel's midline. So far, the channel's bottom has provided strong support. As long as the price remains within this channel, no sharp movements are expected.
🚀 If the channel breaks upward, two scenarios may occur:
Trend Exhaustion: The price could re-enter the channel, leading to a loss of bullish momentum and increasing the likelihood of breaking the channel downward.
Parabolic Continuation: The price could break the channel with high momentum and large candles, initiating a new parabolic uptrend.
The next static resistance is at 1.636, a suitable futures trigger level. However, the price has not reacted to this zone yet, so it’s safer to seek long positions based on Dow Theory and channel breakouts.
🔽 For short positions, I would personally wait for a channel breakdown and possibly a break below 1.0957, although this would be a high-risk setup. Instead, I prefer to wait for a clear trend reversal on the High Wave Cycle or Medium Wave Cycle before entering.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
FTM long ideaFTM pushed quite high today, wait for a retracement to at least 0.61 fib level for a healthy pull back, then check if there is a reaction around that level, it will ready to continue its move up!
FTMUSDT (Fantom) Updated till 16-12-24FTMUSDT (Fantom) Daily timeframe range. its moving steadily for a while now. very close to 1.5512 resistance if it can stay above 0.9803 that resistance can be taken out. and that can open up ways to 2.0512 and above.
FTMUSDT: %80 VOLUME SPIKE | BIG OPPORTUNITYFTMUSDT has experienced an 80% daily increase in volume, highlighting growing interest.
🔵 Key Zones: The blue box and green line on the chart mark potential demand areas, ideal for setting orders in preparation for possible bearish year-end market trends.
📈 Entry Strategy: Evaluate these levels only after confirming upward breakouts on the hourly time frame to ensure stronger signals.
⚠️ Risk Management: Always manage your risk effectively, as market conditions remain uncertain.
This is not investment advice stay cautious and trade wisely!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
FTM/USDTBINANCE:FTMUSDT
---
🦾 ** UPCOM:FTM Bearish Trend Retest (HTF)** 🥶
**Unstable price zone** at the moment! ⏳
If we face another big dump for any reason, I'm planning to **spam the buy button** in the support zones around **0.850 - 0.820** and **0.800**! 🛒
As mentioned earlier, in these zones, expect **lots of up and down movements** before we see any major moves! ⚖️
A **breakout above $1.200** resistance is essential for the bulls! 🐂 (H4 View)
---
**Upper Key Resistances:**
🔝 $1.270 - $1.350
---
As I also pointed out in my **Bitcoin analysis**, we are likely at the start of a **bearish correction move** (medium-term). This scenario makes sense to me! ⚠️
The current **short-term upward correction** is probably a **FOMO pump** by small traders trying to test the **50% Fibonacci level** (a previous support zone). 🐟➡️🦈
**Whales** 🚨 and **retail traders** could soon start shorting the market again!
---
Possible scenario for UPCOM:FTM (also applies to many other altcoins):
- **Yesterday:** Bearish breakout 📉
- **Today:** Upward correction to retest the **50% Fibonacci** zone (Bull trap!) 🎣
- **Upcoming days:** Bearish continuation 📉
---
I trust my **instinct**, **experience**, and **analysis**! 🧠💪
We play **level by level**! Bulls definitely need more strength to take control here. ⚡
---
**Reminder:** This is **not financial advice**! 🚫
**Be cautious with long positions in the market**! ⚠️
---
Keep monitoring the levels carefully, and stay safe! 🛑
Which path does the FTM choose?Three lines are seen for the continuation of the trend and which one will it follow?
Comment and will it see $70 in this bullish cycle?
I am sure that $14 will be the first and most likely point to reach
$14
$30
$70
$FTM on WeeklyFTM looking good in weekly time frame , breakout the zone and looking nice close weekly candell
Target base on Fibo
But it's better to buy at correction ( maybe in daily timeframe )
FTM 2H. Market Signals Growth. 11/29/24The asset has demonstrated strong resilience and growth despite the overall market decline, suggesting potential for further price increases.
Investors and traders are gradually accumulating this asset, which could signal the market’s readiness for continued upward movement.
I’m considering opening a long position if the price drops again to the $0.9729 - $0.9407 range. The target in this case is $1.1022 - $1.2270.
For spot trading, confidently buy in the $1 - $0.9 range. Targets are 2x from current levels!
DYOR.