🔥 FTM Fallen Through Long-Term Support

٢٩ أبريل ٢٠٢٢

As of today, FTM has fallen through a long-term support at $0.95. In my view, FTM has shown a lot of weakness lately, and the fall of $0.95 is the start of a potentially longer-term correction.

Ultimately, I'd be looking for a bounce around the $0.6 area, given that BTC will find a bottom at that point. Long-term traders might want to avoid this token for a while because of the overly poor price action as of late.

Short-term traders might see a bounce in the coming days since the daily RSI is below 30 (oversold) for the first time in over 1.5 years.