Brief Analysis —— FTM
Recently, cross-chain bridges such as Multichain and PolyNetwork have been attacked, causing losses of millions of dollars. As a protocol that connects the liquidity of different chains, it is particularly important for the crypto industry. Today we will take attention on FTM/USDT, MULTI/USDT and KAVA/USDT, which affected by the attack of Multichain.
Carried by the market, FTM rebounded a mouth ago. The price failed to break above 0.32 (green arrow). The price turned down again last week, and then went into fluctuation. Although the decline accompanied by a high trading volume last week. After taking back the part of the accelerated gain (green range), the bears did not fall further when the bulls weakened, but entered a narrow range of fluctuation and the trading volume fell back.
Conclusion: Mostly fluctuation. FTM remained neutral at the daily level. The rapid decline did not erode all the rise. The decline has no continuity. So we come to this conclusion. We set resistance level at 0.32 and support level at 0.23.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Carried by the market, FTM rebounded a mouth ago. The price failed to break above 0.32 (green arrow). The price turned down again last week, and then went into fluctuation. Although the decline accompanied by a high trading volume last week. After taking back the part of the accelerated gain (green range), the bears did not fall further when the bulls weakened, but entered a narrow range of fluctuation and the trading volume fell back.
Conclusion: Mostly fluctuation. FTM remained neutral at the daily level. The rapid decline did not erode all the rise. The decline has no continuity. So we come to this conclusion. We set resistance level at 0.32 and support level at 0.23.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.