Fantom (FTM) Price Rally Slows Down After Weekly Surge
The Fantom (FTM) network’s recent price rally has alerted investors to its bullish sentiment. However, analysts express concerns about the long-term viability of this uptrend on the platform. Despite the initial bullish pattern, certain technical indicators for Fantom (FTM) hint at potential momentum weakening. As of today, Fantom (FTM) is trading at $0.71 per token.
In the last 24 hours, Fantom (FTM) has dipped by 1.5%, raising questions about its long-term price stability among FTM holders. Some analysts believe that the strong bullish trend may soon end as the ADX values have notably declined. Currently, Fantom (FTM) holds a market cap of $2.01 billion and a 24-hour trading volume of $160.84 million, which has declined by 12.36%.
- Current ADX Level: 28.85 (falling below the 32 mark)
- Recent ADX Surge: From 15 to 32 in 48 hours
- Market Cap: $2.01 billion
- 24-hour Trading Volume: $160.84 million (down 12.36%)
This fluctuation in value has demoted Fantom (FTM) among the investor community.
Shiba Inu (SHIB) Must Dodge These Red Flags to Avoid Slump
Even though the memecoin sensation Shiba Inu (SHIB) has enjoyed a solid rebound in the last month, it might be nearing a halt. Currently trading at around $0.000018, the Shiba Inu (SHIB) price jumped by over 40%, indicating a 5% daily surge within a month. Shiba Inu (SHIB) holds a market cap of $11.09 billion, with a 24-hour trading volume of $508.4 million.
Analysts think that Shiba Inu (SHIB) is approaching a red zone, which could possibly slow it down or, worse, cause it to drop to critical levels. Key concerns include:
- SHIB exchange net flow could shift from self-custody methods to centralized platforms, increasing selling pressure.
- Shibarium’s weakened momentum: Daily transactions on Shibarium’s Layer 2 blockchain have been below 10,000 since early October.
This reduced network activity represents a significant decline compared to earlier this year, leading to mixed signals regarding Shiba Inu’s future outlook.
DTX Exchange (DTX) Level Up: Enters Presale Round 4 at $0.08
As Shiba Inu (SHIB) and Fantom (FTM) show signs of an upcoming bearish sentiment, DTX Exchange is experiencing a meteoric rise. This emerging hybrid exchange has outperformed many market giants with its bullish presale rally. Analysts believe that DTX Exchange’s successful presale at only $0.08 per token is one of the safest and most beneficial investments available.
Community members are touting DTX Exchange (DTX) as one of the best crypto exchanges to date. They highlight:
- A user-friendly platform that facilitates smooth trading for both traders and investors.
- A comprehensive suite of charts, graphs, and analytical tools that empower users to make informed decisions.
DTX Exchange Leads Fantom (FTM): Token Sales Cross 14 Million
DTX Exchange’s growing popularity in the DeFi sector has positioned it as a strong competitor against the Fantom (FTM) network. Investors are increasingly prioritizing this $0.08 altcoin over Fantom (FTM) due to:
- Stronger price rallies.
- Blockchain upgrades.
- Technological advancements that deliver cutting-edge performance and robust security protocols.
As DTX Exchange (DTX) accelerates through presale round 4, investors and traders are selling off SHIB and FTM assets to participate in what could be the next big opportunity in the market!