📉$FTM / USDT Technical Analysis 📉
The $FTM / USDT pair is currently trading at $0.9410, experiencing a -3.49% decline over the last 24 hours. Here's a closer look at the 15-minute chart and key observations:
📊 Market Highlights:
24h High: $1.054324h Low: $0.902424h Volume (FTM): 160.75M24h Volume (USDT): 157.87M
📈 Moving Averages (MA):
MA(7): $0.9480MA(25): $0.9670MA(99): $0.9962
FTM shows a significant downward trend, breaking below both the MA(7) and MA(25). The price touched a recent low at $0.9024 but has since seen slight recovery efforts.
🔥 Bearish Indicators:
The moving averages suggest persistent selling pressure, with MA(7) acting as resistance.A strong downtrend is evident as the price continues to trade below the MA(99) level.
⚠️ Key Levels to Watch:
Support: $0.9024 – A crucial level where buyers previously stepped in, preventing further declines.Resistance: $0.9480 (MA7) and $0.9670 (MA25) – Bulls must reclaim these levels to reverse the short-term trend.
💡 Trading Insight:
FTM appears to be in a consolidation phase after a sharp decline. Traders should monitor for a potential breakout above $0.9480 to signal recovery. Conversely, a breakdown below $0.9024 could indicate further losses toward lower support levels.
💬 What’s Your Move?
Will FTM find a reversal soon, or is this the beginning of a broader correction? Share your predictions and trading insights! 🚀
