Fantom Bear Market Struggle Continues; Will Price Break The Downtrend Jinx?

FTM’s price struggles as a downtrend price movement continue. FTM failed to breakout from its range channel as the price was rejected into a downtrend price formation with more sell volume. The price of FTM shows bearish signs as the price trades below the 50 and 200 Exponential Moving Averages (EMA). Fantom (FTM) price movement has had a rough time as the price of Fantom (FTM) shows little or no sign of price bouncing off from its downtrend price formation against tether (USDT). The crypto market recently faced a slight setback with Bitcoin’s (BTC) price dropping from $19,000 to $18,100 as the Consumer Price Index (CPI) news indicated an increase in inflation, which affects the price of BTC and altcoins. (Data from Binance) Related Reading: Mango Madness: Exploiter Could Walk Away With Unparalleled ~$50M Bug Bounty Fantom (FTM) Price Analysis On The Weekly Chart Given the sharp decline in the crypto market after the release of the CPI news, the market appeared to be manipulated, with Bitcoin (BTC) dropping from $19,200 to $18,200 in hours and then back up to a range high of $19,800 before rejection back to $19,200. With the possibility of Bitcoin Dominance (BTC.D) rising to a high of 45%, altcoins could suffer more if BTC retraces. After dropping to a low of $0.22, the price of FTM bounced off this region as price rallied to a high of $0.42, but the price was soon met with more rejection to the weekly low. FTM cur...