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Fantom (Migrated to Sonic)

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fantom-ftm-price-increases-over-16-in-seven-days/" data-wpel-link="internal">Fantom (FTM) Price Increases Over 16% in Seven Days</a> 
Fantom (FTM) price increased by over 16% in the last seven days, reaching a peak of $0.3755. Despite the rise, daily chart <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> indicates potential slowing of gains for the <a href="https://en.coin-turk.com/dogecoin-succeeds-in-attracting-the-attention-of-litecoin-miners/" data-wpel-link="internal">altcoin</a>. 
<h2 style="text-align: justify" id="will-fantom-ftm-drop">Will Fantom (FTM) Drop?</h2> 
As of the time of writing, FTM’s momentum indicators remain below the 50-neutral zones, suggesting a noticeable decrease in buying pressure. The coin’s Relative Strength Index (RSI) is at 45.60, and the Money Flow Index (MFI) is at 35.37. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-379755" src="https://coin-turk.com/wp-content/uploads/2024/08/ftm-1-coin-turk-com.png" alt="" width="480" height="228"> 
These indicators reflect the current state of overbought and oversold <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market conditions</a>. Given its current value, FTM’s RSI and MFI show that investors are selling more coins than they are buying, exerting downward pressure on the price. If this trend continues, recent gains may decline. 
Additionally, FTM’s Chaikin Money Flow (CMF) remains below the zero line, confirming that significant buying activity did not support the coin’s rise in the last seven days. As of this writing, FTM’s CMF is -0.11. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-379756" src="https://coin-turk.com/wp-content/uploads/2024/08/ftm-2-coin-turk-com.png" alt="" width="498" height="230"> 
The CMF indicator measures the flow of money in and out of the market. A CMF value below zero indicates market weakness and reflects liquidity outflows, which can lead to price declines. 
The decrease in demand for FTM suggests that the recent and ongoing rise may be due to the last market surge. 
<h2 style="text-align: justify" id="what-will-be-the-price-of-ftm">What Will Be the Price of FTM?</h2> 
The low interest in FTM is also reflected on-chain, as shown by the coin’s negative price-daily active addresses (DAA) divergence. Since the start of the price rally, the metric has only shown negative values, currently at -49.64. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-379757" src="https://coin-turk.com/wp-content/uploads/2024/08/ftm-3-coin-turk-com.png" alt="" width="499" height="179"> 
The price DAA deviation of an asset compares price movements with changes in the number of daily active addresses. It monitors whether the asset’s price movement is supported by network activity. 
When an asset’s price rises, a negative DAA deviation suggests that the rally may not continue due to the lack of corresponding network activity, potentially leading to a correction. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-379758" src="https://coin-turk.com/wp-content/uploads/2024/08/ftm-4-coin-turk-com.png" alt="" width="489" height="225"> 
If FTM faces a correction, the price could drop to $0.17. Conversely, if demand for the altcoin increases, the price could rise to $0.95. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/fantom-ftm-price-increases-over-16-in-seven-days/" data-wpel-link="internal">Fantom (FTM) Price Increases Over 16% in Seven Days</a></h5>
The post <a href="https://en.coin-turk.com/fantom-ftm-price-increases-over-16-in-seven-days/" data-wpel-link="internal">Fantom (FTM) Price Increases Over 16% in Seven Days</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Fantom (FTM) Price Increases Over 16% in Seven Days

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