Fantom Keeps Close Eye On Possible 20% Slide This Month

Fantom (FTM) has been moving on a brisk bullish pace at a particular range for four months now following a sharp descent in May. FTM price is up 2.21% Token moving bullish but has slipped mid-range in the past couple of days Bears poised to dominate, buying spree not advisable at this point However, it seems the price has abated and moved below the range’s mid-point as seen in the past couple of days. FTM is now bracing for a potential 20% drop in the next few days. September also looks generally bearish for Bitcoin as it ebbs and could go further down in the coming days. With Bitcoin slipping below its fail-safe range, Fantom is likely to follow through and shave off some value. According to CoinMarketCap, FTM price is trading at $0.2519 or a spike of 2.21% as of press time. Related Reading: NEAR Price Could Drop To $3 If This Bearish Pattern Continues FTM Shifting From Support To Resistance On the daily chart, Fantom’s midpoint was spotted at $0.32 with its range going from $0.45 to $0.2. In August, FTM was seen to be slackening with level shifting from support to the resistance zone. Evidently, the mid-point was also breached and the RSI also dropped below the 50-mark showing a bearish movement. Chart: TradingView.com On the hourly chart, it seems that FTM’s volatility has weakened. The price gripped the $0.28 key support zone as it jumped off the same level. At this point, the bulls look weakened with FTM drawing a huge ca...