Biggest Movers: FTM Down 12% to Start the Weekend, as ATOM Hits 8 Month Low

FTM was down by as high as 12%to begin the weekend, as crypto markets were once more under a red wave.

ATOM was also target to this wave, falling to its lowest degree because last August throughout Saturday 2019; s session.

Fantom(FTM)Fantom( FTM )was down by double numbers on Saturday, as bearish pressure continued to send prices deep right into multi-month lows.

Saturday saw FTM/USD succumb to a 3rd consecutive session, as costs hit an intraday reduced of$ 0.786 earlier today. Today 2019; s reduced is the most affordable point rates have gotten to since last September, as well as comes following a bearish start to the year. Generally, FTM has actually traded reduced for 5 of the six last months, ever since tape-recording an all-time high of$3.47 in October. Looking at the graph, this weak point has pushed prices deep right into oversold region, which is one of the just good signs for continuing to be lasting bulls.

In spite of FTM stopping working to locate a flooring in current months, must this existing level hold company, we might start to see debt consolidation, and possibly even reversal in upcoming months.

Biggest Movers: FTM Down 12% to Start the Weekend, as ATOM Hits 8 Month Low

Cosmos (ATOM)

FTM was not the only token to be up to multi-month lows to start the weekend break, with cosmos (ATOM) likewise dropping on Saturday.

Following a top of $20.36 during Friday 2019; s session, ATOM/ USD started the weekend break by falling to a low of $18.96.

This bottom was over 5% less than the other day 2019; s high, as well as sees costs fall to their least expensive level because completion of last August.

ATOM is now selling the red for a second consecutive month, as prices continue to struggle to find a lasting flooring.

Its newest assistance degree of $21.63 was damaged earlier this week, as the 14-day RSI continued to likewise lose strength.

Now tracking at the 28 level, loved one strength appears to have an interim floor, as well as need to this hold company, we might see an effort to return to the $21 level.

Which is more likely to have a strong rebound, ATOM or FTM? Allow us recognize your thoughts in the remarks.

Leave a Reply

Your email address will not be published.