This overall decline around the project has raised concerns about the altcoin’s short-term performance. According to this on-chain analysis, those concerns may be valid.

Cardano Encounters Major Roadblock

On December 8, Cardano’s price rose to a yearly high of $1.22. But today, the cryptocurrency’s value is down to $0.88 due to notable sell-offs. While ADA holders might anticipate a bounce within a short period, the In/Out of Money Around Price (IOMAP) shows that it could be challenging.

The IOMAP is an indicator that spots on-chain support and resistance. To do this, the indicator looks at the addresses currently in unrealized profits compared to those in losses.Typically, the higher the volume at a price range, the stronger the support or resistance.

According to IntoTheBlock, the major resistance for ADA lies around $0.92. In this area, 58,470 Cardano addresses accumulated 951.02 million tokens, which is higher than the token in the money between $0.74 and $0.88.

Should buying pressure remain low, then ADA’s price might find it challenging to rise above the current price. Instead, the token might experience an extended correction. 

Data from Santiment supports this sentiment, highlighting a significant drop in Cardano’s network activity. On December 16, the number of 24-hour active addresses stood at over 51,000, but at press time, this figure had fallen to 32,700.

An active address is defined as a wallet involved in a successful transaction—either as a sender or receiver—over a given period. This metric serves as a strong indicator of daily user activity on the blockchain. 

A rise in active addresses signals increased user engagement, which is typically bullish for price action. Therefore, the ongoing decline in this metric suggests a bearish sentiment surrounding ADA.

ADA Price Prediction: Extended Correction Unavoidable

From a technical perspective, the Exponential Moving Average (EMA) suggests that Cardano’s price could continue to decline. The EMA is an indicator that measures the trend around a cryptocurrency. 

On the daily chart, the ADA price has dropped below the 20 EMA (blue). Dropping below the EMA suggests a bearish outlook. Also, the token’s value is around the same spot as the 50 EMA (yellow).

This position indicates that Cardano is on the verge of losing the support at $0.88. Should this remain the same, ADA’s price might decrease to $0.77. In a highly bearish scenario, the altcoin’s value might fall to $0.55.

However, if Cardano network activity rises, this trend might change. In that scenario, the cryptocurrency’s value could jump to $1.33.

The post Cardano (ADA) 18% Decline Raises Alarm Amid Weak Network Activity appeared first on BeInCrypto.

In the news today:

• Donald Trump announced on Truth Social that former congressional candidate Bo Hines has been named Executive Director of the Presidential Council of Advisers for Digital Assets. 
• Richard Heart, the founder of the HEX token, has been added to Interpol’s Red Notice list, facing allegations of tax fraud and violent assault.

The Crypto Market Continues Its Cooldown

The total crypto market capitalization has dropped $48 billion in the past 24 hours, now sitting at $3.18 trillion. This puts it below the $3.29 trillion resistance level—the key hurdle on its path to reclaiming the all-time high of $3.73 trillion.

This makes the $3.29 trillion price zone a crucial resistance level. Failure to break above it could trigger a deeper decline, potentially dragging TOTAL’s value below $3 trillion to $2.95 trillion.

On the other hand, if trading activity regains momentum, this bearish outlook will be invalidated. TOTAL may successfully break above the key resistance level and attempt to revisit its all-time high.

Bitcoin Eyes More Decline

Since reaching a new all-time high of $108,230 on December 17, Bitcoin’s price has trended downward. Currently, the leading coin trades at $94,900, noting a 12% price fall in the past six days.

On the daily chart, BTC’s Super Trend indicator highlights the low demand for the king coin. For the first time since September 19,  BTC’s price is below the red line of this indicator.  

The Super Trend indicator tracks the overall direction and strength of a trend in asset prices. It appears as a line on the price chart that changes color to reflect the trend direction. When the Super Trend line appears above the asset’s price, it indicates a downtrend, suggesting bearish momentum is likely to persist.

If this downtrend continues, BTC’s price may plunge toward $90,707.

On the other hand, if buying activity gains momentum, the coin’s price could break above the resistance formed at $95,630 and rally to its all-time high of $108,230.

Hypeliquid Drops By Double Digits

HYPE’s value has dropped by 22% in the past 24 hours, making it the altcoin with the most losses during that period.

This price decline is fueled by the surge in selling pressure as market participants take profits following the altcoin’s recent all-time high of $35.51 reached on December 22. If selloffs intensify, HYPE’s price will extend its decline and fall toward $22.90. 

Conversely, if buying activity recommences, this may propel HYPE’s price to reclaim its all-time high and potentially rally past it.

The post Why Is the Crypto Market Down Today? appeared first on BeInCrypto.

The sharp fall in TVL can be attributed to a drop in daily active addresses on the network. This indicates a dwindling user base and reduced on-chain activity.

Solana’s TVL Plummets Amid Low Activity

According to DeFiLlama, Solana’s Total Value Locked (TVL) currently sits at $8.01 billion, representing a 12% decline since December 1, equating to $1.1 billion exiting the ecosystem. The network’s leading DeFi protocol, Jito, has been hit particularly hard, recording a 28% drop in TVL over the past month. At the time of writing, Jito’s TVL is $2.66 billion.

Solana’s TVL decline mirrors the broader drop in usage during the period under review. According to Artemis, user activity on Solana has been on a downward trend since the start of the month. Over the past 21 days, 5.37 million unique addresses have completed at least one transaction on the L1, marking a 7% decline in activity on the chain.

Moreover, due to Solana’s low usage, its network revenue has also decreased. This decline has been further worsened by SOL’s performance, with its value dropping by 28% over the past 30 days. According to Artemis’ data, the network’s revenue has plunged by 24% since December began.

SOL Price Prediction: A Shift In Market Sentiment Could Reverse Bearish Trend

An assessment of the SOL/USD one-day chart has revealed the coin’s negative Chaikin Money Flow (CMF), which confirms its low demand. As of this writing, this indicator is at -0.04. 

An asset’s CMF measures its accumulation or distribution over a specified period, combining price and volume data. When the CMF value is negative, it indicates more market distribution (selling pressure) than accumulation (buying pressure), hinting at a sustained price decline. If SOL selloffs persist, its price may fall to $168.83. 

However, this bearish projection will be invalidated if market sentiment shifts from negative to positive and buying activity recommences. In that scenario, SOL’s price will break above resistance at $187 and attempt to surge past $200.

The post $1.1 Billion Withdrawal Pushes Solana’s (SOL) TVL to Monthly Low appeared first on BeInCrypto.

Interestingly, the recent decline has not sparked a wave of sell-offs. This suggests that the bullish sentiment remains strong, and market participants expect the coin’s price to rise back above $100,000 in the near term.

Bitcoin Sees Decline in Selloffs

According to CryptoQuant’s data, BTC net outflows from cryptocurrency exchanges over the past week have exceeded $2.5 billion. Net outflows from exchanges track the amount of coins or tokens withdrawn from exchange wallets.

When an asset’s exchange outflow spikes, it indicates a shift towards holding assets in private wallets rather than trading or selling. This often signals a bullish sentiment, as investors may expect prices to rise. 

Commenting on its implications for Bitcoin, pseudonymous CryptoQuant analyst KriptoBaykusV2 noted in a recent report:

“If the trend of Bitcoin outflows continues, this could reduce selling pressure in the market. With fewer Bitcoin available on exchanges and demand staying the same or increasing, prices could see upward momentum.”

Additionally, the coin’s positive funding rate supports the likelihood of this upward projection in the near term. Currently, the funding rate in perpetual futures markets stands at 0.0081.

When an asset’s funding rate is positive, it means long positions are paying short positions. This indicates that the market sentiment is bullish, with traders expecting prices to rise.

Bitcoin Price Prediction: Coin Battles Dynamic Resistance at $100,000 

The broader market drawdown has caused BTC’s price to fall below the Leading Span A of its Ichimoku Cloud, which forms a dynamic resistance at $100,160. This indicator tracks the momentum of an asset’s market trends and identifies potential support/resistance levels. 

When an asset’s price trades below the Leading Span A of the Ichimoku Cloud, it indicates a bearish trend as selling pressure is strong and buyers are struggling to push the price higher. This scenario often signals further downside potential unless the price breaks back above the cloud.

Bitcoin’s price successful break above this level will propel it toward its all-time high of $108,388. On the other hand, a failed attempt to break above this resistance could cause Bitcoin’s price to decline to $95,690.

The post Bitcoin’s (BTC) $2.25 Billion Exchange Outflow May Fuel Its Return to an All-Time High appeared first on BeInCrypto.

However, while this uptick may reflect a renewed interest in the token and a potential shift in market sentiment, readings from BTT’s price charts hint at a correction in the near term. 

BitTorrent Lacks the Bullish Momentum to Extend Rally

BTT’s price has climbed by 4% over the past 24 hours. As of this writing, the altcoin sits at $0.00000111, with a rising trading volume.

However, despite the price uptick, BTT’s Aroon Up Line is currently at 0%, indicating that the uptrend lacks a strong momentum. An asset’s Aroon Indicator measures the strength and direction of a trend by evaluating the time since the highest high and the lowest low over a specified period.

When an asset’s price rallies while the Aroon Up Line is at 0%, it indicates that while the price is trending higher, there has not been strong bullish momentum in recent times. The Aroon Up indicator measures how recently an asset has made a new high within a certain time frame. A value of 0% shows that the asset’s price has not reached a new high in the specified period.

BTT’s Moving Average Convergence Divergence (MACD) supports this bearish outlook. As of this writing, the token’s MACD line (blue) rests significantly below its signal line (orange).

An asset’s MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines. As in BTT’s case, when the MACD line is below the signal line, it indicates a bullish bearish, suggesting that the asset’s price may drop. Traders often see this crossover as a potential sell signal.

BTT Price Prediction: Token Eyes Crucial Support, But Bulls Could Push for Further Gains

According to the daily chart, BTT is currently trading above critical support at $0.00000093. If selloffs intensify, the token’s price could test this level. If the bears overpower the bulls, BTT may extend its decline and plummet to $0.00000067, a low it last reached in August.

On the other hand, if buying pressure strengthens, BTT may continue its upward trend and break above resistance at $0.00000114. A successful breach of this level could help the token reclaim $0.00000128. 

The post BitTorrent (BTT) Tops the Market, but the Trend May Not Hold appeared first on BeInCrypto.

As the year draws to a close and bearish pressure mounts, technical indicators point to a further decline in DOGE’s price, possibly slipping below $0.20. Here is why.

Dogecoin’s Bearish Patterns Put It at Risk

A “Death Cross” pattern has been formed on the DOGE/USD one-day chart. This is a bearish pattern that is formed when an asset’s short-term moving average (often the 50-day moving average) crosses below its long-term moving average (commonly the 200-day moving average), suggesting a shift in market sentiment from positive to negative. 

Readings from the DOGE/USD chart showed that DOGE’s 50-day MA crossed below its 200-day MA on December 18, and the meme coin’s price has since plummeted by 20%. This crossover is a bearish signal, suggesting a weakening trend, with recent price declines outweighing long-term price gains.

Moreover, the bearish readings from DOGE’s Super Trend Indicator confirm the possibility of further downsides. As of this writing, DOGE’s price rests below the red line of this indicator. 

The Super Trend indicator tracks the overall direction and strength of a trend in asset prices. It appears as a line on the price chart that changes color to reflect the trend direction: red for a downtrend and green for an uptrend. When an asset’s price appears below the Super Trend line, it indicates a downward trend, suggesting bearish momentum is likely to persist.

DOGE Price Prediction: Meme Coin Eyes Sub $0.20 

On the daily chart, DOGE is trading below the resistance at $0.33. Persistent spikes in selling pressure at this level could drive its price down to the support at $0.28. 

Should this support fail, DOGE’s next key level lies at $0.23. If bulls cannot defend this level, the meme coin could slip below the $0.20 zone, potentially reaching $0.17.

On the other hand, a successful breach of the $0.33 resistance level could propel DOGE towards its yearly peak of $0.48.

The post Dogecoin Drops 30% from Yearly Highs, Risks Falling Below $0.20 appeared first on BeInCrypto.

Despite that, it appears that the much-anticipated season might still come back. Here are three indicators suggesting that many of the top 50 cryptos might soon see notable hikes.

Alts Gets Pushed Down Again

Altcoin season refers to a period when altcoins outperform Bitcoin in terms of market cap growth. The Altcoin Season Index measures this trend, determining whether 75% of the top 50 cryptocurrencies are outperforming Bitcoin.

Typically, an index value above 75 signals the onset of altcoin season, while a value at 25 reflects Bitcoin dominance. However, as of now, the index has dropped to 49, highlighting a setback for altcoins as Bitcoin regains a stronger foothold in the market.

But despite the drawdown, it does not appear that the alt season is over. One indicator suggesting this is Bitcoin dominance. 

An increase in Bitcoin dominance often signifies a growing preference for Bitcoin over altcoins, particularly during periods of market uncertainty. This trend suggests that investors see Bitcoin as a safer option, given its relative stability and established market position.

As dominance rises, interest in smaller cryptocurrencies may decline, potentially leading to reduced capital inflows for altcoins. Some weeks back, Bitcoin’s dominance climbed to 62%, suggesting that altcoins might not continue to play second-fiddle

But at the time of writing, it has dropped to 58.82%, indicating that altcoins have taken some share of control. Should the decline continue, then BTC prices might drop while altcoin prices might soar.

The Altcoin Market Cap Still in Line to Rally

The TOTAL2 market capitalization, which tracks the top 125 altcoins, has recently dropped to $1.35 trillion, suggesting that non-Bitcoin assets are underperforming. This decline often signals that altcoin season may be delayed, with Bitcoin dominating the market.

However, there’s a silver lining: the TOTAL2 has broken above a descending triangle, signaling a potential trend reversal. While the altcoin season may face setbacks for now, this breakout implies that altcoins might gain momentum if volume starts to rise.

Should this volume pick up, TOTAL2’s market cap could climb to $1.65 trillion, signaling the revival of altcoin season chances and potentially driving prices higher.

The post Altcoin Season Chances Drop, But 3 Indicators Point to Potential Revival appeared first on BeInCrypto.

However, in the last 24 hours, Ethereum’s price has increased by 10%, with large transactions climbing to levels not seen in almost one week.

Ethereum Sees Notable Institutional Interest

Ethereum’s 10% surge has pushed the altcoin to $3,422. On-chain data reveals that increasing institutional interest is a key factor influencing Ethereum’s price outlook.

IntoTheBlock reports that Ethereum’s large transactions have climbed to 2.83 million ETH. This increase suggests heightened trading activity among whales and key stakeholders.

On the other hand, a decline in this metric indicates dwindling interest. At the time of writing, these transactions are worth approximately $11 billion. Historically, when this metric rises alongside the price, it is a bullish sign. As such, the ETH price could rise above $4,500 in the short term.

The Weighted Sentiment indicator suggests Ethereum’s price could keep rising. This metric measures overall market perception of a cryptocurrency, with positive readings reflecting bullish sentiment and negative readings indicating bearish sentiment.

Santiment data shows Ethereum’s Weighted Sentiment is nearing the positive zone. If it remains in this territory, ETH’s value could continue to increase.

ETH Price Prediction: Breakout Beyond $4,000 Still On the Cards

According to the 3-day ETH/USD chart, the Accumulation/Distribution (A/D) line has continued to climb. A rising A/D line indicates that investors are buying, which could drive the price higher. When the indicator’s reading drops, it indicates that investors are distributing, which is a bearish sign.

Since it is the former for ETH, it suggests that the cryptocurrency’s price might break the $3,982 resistance. If validated, the value could hit $4,110. However, if the broader market conditions become extremely bullish, Ethereum’s price could rally above $4,500.

But if the cryptocurrency fails to break above the resistance, the value might not experience such an upswing. Instead, the price might decline to $3,178.

The post Ethereum Price Outlook: ETH Large Transactions Hit $11 Billion Amid 10% Rebound appeared first on BeInCrypto.

While some have hoped that the XRP price rally will subside, a significant correction has not happened. But, according to this on-chain analysis, the token might soon be overpriced when compared to the overall market condition.

The Ripple Token Faces Huge Risk

About one month ago, XRP’s price broke the $1 mark for the first time in a long while. Some market observers believed it to be a fakeout. However, that sentiment turned out to be false, as it now trades at $2.36.

Despite several predictions coming out that the token’s value might rally toward the $5 mark, some on-chain indicators suggest that it could be challenging. One indicator that aligns with the thesis is the Network Value to Transaction (NVT) ratio.

The NVT ratio measures the growth of an asset’s market cap relative to the transaction growth. When the ratio drops, it means that transactions on the network are growing faster than the market cap, which is bullish and indicates that the price is undervalued.

On the other hand, a spike in the NVT ratio suggests that the market cap is growing at a faster pace which draws it to a more overvalued area. According to Santiment (as shown above), XRP’s NVT ratio has jumped to a high reading of 477.

Another indicator with such sentiment is the price- Daily Active Addresses (DAA) divergence. The price DAA measures the level of price growth compared to user engagement. When the metric increases, it means that user engagement is backing the price action, which is bullish.

However, as of this writing, the price of DAA divergence has dropped by 326.13%, suggesting that the number of XRP wallets interacting with the token has decreased. If this trend continues, then the XRP price might slide lower than $2.

XRP Price Prediction: Momentum Stays Bearish

On the 4-hour chart, the XRP price attempted to hit $2.40. However, the altcoin faced resistance at $2.35, which has pulled the price back to $2.31. A look at the Moving Average Convergence Divergence (MACD) shows that the 12- and 26-period Exponential Moving Averages are down to the negative region.

This drop indicates bearish momentum around the token. Should the momentum continue to decline, then the XRP price might fall to $2.05.

So, is XRP overvalued? This analysis suggests it could be. In a strongly bearish scenario, the token might drop to $1.90. Conversely, increased buying pressure could drive XRP up to $2.73.

The post XRP’s 275% Yearly Growth Might Have Left It Overvalued – Here’s Why appeared first on BeInCrypto.

In this analysis, BeInCrypto reveals the biggest altcoin gainers of the week, how the assets rose to the point, and what could be next for them. They include Hyperliquid (HYPE), Movement (MOVE), and Bitget Token (BGB),

Hyperliquid (HYPE)

Since December began, Hyperliquid has held its ground as one of the altcoin gainers of the week, as it was on the list during the first two weeks. This time, it is not different, as the native token of the decentralized exchange climbed by 55%.

The rise in price could be linked to low selling pressure around the altcoin. Besides that, the token has gotten exchange listings on KuCoin and Gate.io. This exchange listing suggests that a larger part of the market can now access the token, which means increased trading volume.

On the 4-hour chart, the Bull Bear Power (BBP), which measures the strength of buyers compared to sellers, is in the positive zone. This indicates that bulls are in control, and the altcoin’s price could trade higher.

Also, the Relative Strength Index (RSI) reading has continued to rise, implying that the momentum around the Hyperliquid token is bullish. Should this remain the same, HYPE’s price could rise to $42.24 in the short term.

However, if the altcoin gets extremely overbought, this trend might reverse. In that scenario, the token’s value might decline to $26.16. 

Movement (MOVE)

MOVE, the native token of Ethereum Virtual Machine (EVM) Layer-2 network Movement, is also part of this week’s altcoin gainers. Throughout the week, MOVE’s price gained 51.60%, with about 25% of this coming in the last 24 hours.

The increase in price could be linked to the bullish sentiment and rising buying pressure around the token. As of this writing, MOVE’s price has hit $1. The 4-hour chart shows that the Awesome Oscillator (AO) reading has continued to climb.

Comparing historical price movements with recent ones, the rise in the AO rating indicates a bullish sentiment around the token. Should this remain the case, MOVE’s price might climb to $1.44.

However, the altcoin will have to break through the resistance at $1.06 to achieve that. Failure to break through this hurdle could invalidate the prediction, and the price might decline to $0.76.

Bitget Token (BGB)

Third on the list of altcoin gainers this week is BGB, the native asset of the crypto exchange Bitget. This week, BGB’s price surged by 42.60%, pushing the token above the $4 psychological barrier.

Based on the daily chart, BGB trades in an ascending channel, suggesting that the altcoin might keep hitting higher lows and higher highs. With the volume showing rising buying pressure, BGB’s price is likely to be higher in the short term.

If that is the case, then a rally toward $6 could come to pass. However, if selling pressure increases with the altcoin holders booking profits, this might change. In that scenario, the token’s value might drop to $2.91.

The post Biggest Altcoin Gainers of the Third Week of December 2024 appeared first on BeInCrypto.

Specifically, JasmyCoin (JASMY), XRP, and Polygon (POL) have emerged as the primary targets for whale purchases. Here’s a closer look at why these assets are attracting significant attention and what could be next.

JasmyCoin (JASMY)

Known as the “Bitcoin of Japan,” JasmyCoin has seen increased whale accumulation this week. This comes amid the 30% decrease in the altcoin’s value over the last seven days. 

According to IntoTheBlock, the large holders’ netflow was 10.22 million on Monday, December 16. The large holders’ netflow is the difference between the number of tokens whales accumulated and distributed.

But as of this writing, the figure has increased to 54.74 million, indicating that crypto whales bought about 44.52 million JASMY tokens this week. At the current price, this means that these stakeholders invested $1.38 million into the altcoin.

This development suggests that crypto whales view JasmyCoin as one of the top altcoins to buy during the dip. If their accumulation trend continues, the increased demand could propel JASMY’s price toward $0.10.

However, if whales shift their focus away from JasmyCoin or reduce their interest, the price correction could extend further.

XRP

Ranked as the 4th most valuable cryptocurrency, XRP is again part of the altcoin crypto whales are buying. On December 15, the balance of addresses holding between 1 million and 10 million XRP was 4.85 billion.

Today, that number is 5 billion, meaning crypto whales purchased 150 million tokens this week, indicating that they purchased about $327 million worth of the altcoin this week. 

This development suggests that the broader market expects XRP to be one of the first cryptos to bounce higher once the assets recover. If that happens, then XRP’s price might rally to $3. However, should the selling pressure increase, the token might slide below $2.

Polygon (POL)

POL, formerly known as MATIC, is another altcoin crypto whales bought this week. This week, POL’s price has decreased by 26.29% and is 65% down from its all-time high.

For many market participants, the altcoin might find it difficult to return to its all-time high. However, it seems that crypto whales do not share this opinion, as the 1 million to 10 million cohort increased their assets from 310.83 million to 315.94 million.

Should this accumulation continue, the Polygon ecosystem token price might rally toward $1. However, if whale accumulation declines, the token risks a notable decline.

The post Crypto Whales Bought These Altcoins in the Third Week of December 2024 appeared first on BeInCrypto.

Meanwhile, the number of whale wallets holding between 1 million and 10 million FTM has steadily declined, reflecting reduced confidence among large holders. With FTM moving near critical support at $0.84, traders are closely watching for a potential break lower to $0.64 or a recovery that could target resistance levels at $1.13 and beyond.

Fantom’s Current Downtrend Is Showing Its Strength

The ADX (Average Directional Index) for FTM is currently at 39.94, a sharp increase from below 20 just two days ago. This surge indicates that the strength of the current trend has grown significantly in a short period.

Since FTM price is currently in a downtrend, the elevated ADX suggests that the bearish momentum is becoming more pronounced, making it likely that the price will continue to face downward pressure in the near term.

The ADX measures the strength of a trend, regardless of its direction, on a scale from 0 to 100. Values below 20 indicate a weak or directionless trend, values between 20 and 40 suggest a moderate trend, and values above 40 reflect a strong trend.

With FTM’s ADX near 40, the downtrend is approaching strong levels, signaling sustained selling pressure. In the short term, unless significant buying interest emerges, FTM price is likely to face continued declines, with traders closely monitoring support levels for potential stabilization.

Whales Are Not Accumulating FTM

The number of wallets holding between 1 million and 10 million FTM has dropped to 77, marking its lowest level since December 1. Tracking these wallets, often referred to as “whales,” is crucial because they can significantly influence the market due to the large volume of tokens they control.

Changes in the number of these wallets often reflect shifts in sentiment among major holders, which can precede notable price movements.

This number of whales reached a month-high of 81 on December 6 but has steadily declined since, without any major token dumps being observed.

This gradual decrease suggests a lack of aggressive selling but could indicate reduced confidence among large holders. In the short term, this trend might signal underlying weakness for Fantom, as declining whale participation often aligns with lower buying support and potential price stagnation or further declines.

Fantom Price Prediction: Can FTM Correct By 33% Next?

Fantom is currently trading within a range defined by a support level of around $0.84 and a resistance level of $1.

If the $0.84 support fails to hold, the price could drop significantly. The next key support is at $0.64, representing a potential 33% correction from current levels.

On the other hand, if FTM price manages to break above the $1 resistance, it could signal a shift in sentiment, opening the path for a rise to $1.13.

Should bullish momentum persist beyond this point, Fantom price could potentially test the next resistance at $1.32, marking a strong recovery. The ability to break above $1 and sustain an uptrend would depend heavily on increased buying interest and a reversal in the current strong downtrend.

The post Fantom (FTM) Falls 12% as Whale Wallets Hit Monthly Low appeared first on BeInCrypto.