FTM
S 1D - FTm 1D Hello, should we finally say goodbye to Sonic
After the launch of Sonic, the price has dropped from $1.47 to 54 cents, which is not a normal or natural drop at all.
This project reminds us of the former Matic, when the network and its name changed, the token price went into a crisis.
Currently, after holding this token for 3 years, there is no hope for its future, and I believe that the price will soon decrease to 30 to 33 cents.
We can only expect an upward movement if the price stabilizes above 84 cents."
Breaking: Fantom ($FTM) Faces Turbulence Amid Coinbase DelistingOverview
Fantom ( UPCOM:FTM ), a popular blockchain platform known for its speed and scalability, is under the spotlight following Coinbase’s decision to suspend its trading. This move, effective January 24, 2025, has sent ripples through the market, sparking fears of a potential price dip to $0.50. Despite this looming challenge, UPCOM:FTM has shown short-term resilience, with a slight uptick in its price. However, technical indicators suggest a bearish trajectory, warranting close observation from traders and investors alike.
The Delisting Announcement
Coinbase, one of the leading crypto exchanges, announced the suspension of UPCOM:FTM -PERP trading across its platforms, including Coinbase International Exchange and Coinbase Advance. The final settlement price will be calculated based on the average index price 60 minutes before trading ceases. Open positions will be automatically settled at the time of suspension, with funding rates set to zero for the final funding period.
This announcement coincides with the ongoing scrutiny of Coinbase by the US Commodity Futures Trading Commission (CFTC) in connection to the Polymarket investigation. The regulatory body has issued a subpoena to Coinbase, seeking customer-related information, further adding to the uncertainty surrounding $FTM.
Current Market Performance
Despite the negative sentiment, UPCOM:FTM ’s price has risen by 5.38% in the last 24 hours, reaching $0.6953. However, the token remains down by 11.80% over the past week and 41.62% over the past month. With a 24-hour trading volume increase of 0.35% and market cap growth of 6.56%, UPCOM:FTM appears to be attempting a recovery from its recent losses.
Nevertheless, bearish sentiments dominate, as evidenced by a volatility rate of 22.52%. The market’s response to the delisting announcement and regulatory developments will likely dictate the token’s short-term trajectory.
Upcoming Developments: Sonic Rebranding
In a bid to counter negative market sentiment, Fantom is undergoing a rebranding initiative. On January 13, 2025, UPCOM:FTM will transition to a new identity, “Sonic,” with a 1:1 token swap ratio. Binance, a major supporter of this transition, will enable deposits for Sonic on January 16, 2025, and open trading pairs shortly thereafter. This rebranding could provide a fresh narrative for the project, potentially mitigating some of the damage from the delisting.
Technical Analysis
As of this writing, UPCOM:FTM ’s RSI stands at 39, indicating weak momentum and oversold conditions. The token’s chart reveals a falling wedge or bearish symmetrical triangle pattern, signaling a potential downward breakout. A close below the current candlestick could trigger a selling spree, with UPCOM:FTM potentially testing the $0.50 support level.
Fundamental Concerns
1. Regulatory Pressure: The CFTC’s investigation into Coinbase adds an additional layer of uncertainty, impacting both the exchange and tokens like UPCOM:FTM listed on it.
2. Market Sentiment: The delisting has raised questions about UPCOM:FTM ’s future accessibility and liquidity, contributing to bearish market sentiment.
3. Rebranding Efforts: While the Sonic rebranding initiative is a positive development, its success will depend on market reception and execution.
Conclusion
Fantom ( UPCOM:FTM ) faces significant challenges following Coinbase’s delisting announcement and ongoing regulatory scrutiny. While the token’s short-term resilience is commendable, technical indicators and market sentiment suggest a bearish outlook. The upcoming rebranding to Sonic offers a glimmer of hope, but traders should remain cautious and monitor key support levels.
FTM 1DHello, as you can see, the situation of Fantom is very bad and the important support that started from the bottom of 25 cents is breaking. I expect a drop until January 16th until it is listed again on all exchanges.
In any case, if we go below 66 or 65 cents, we can reach 35 or even 33 cents.
My personal opinion is a bearish scenario. I don't have much hope for price growth.
FTM/USDT: Wave Pattern Signals Potential 80% Upside | Key Levels
Technical Analysis:
1. Price is currently at $0.7892, down 4.63%
2. Wave structure suggests completion of ABC correction at point (C)
3. Fibonacci retracement level at 0.786 aligns with potential reversal zone
4. Two target zones identified:
- First target: ~$1.20-1.30 (Wave 3)
- Second target: ~$1.30-1.50 (Wave 5)
Trading Setup:
- Entry zone: $0.75-0.78
- Stop loss: Below point (C) around $0.70
- Risk:reward ratio approximately 1:3 for first target
Key Points:
- Bullish divergence forming at current levels
- Price testing ascending trendline support
- Wave structure suggests start of new impulsive wave up
Caution:
- Wait for confirmation of reversal with price action
- Consider position sizing due to crypto market volatility
- Monitor BTC correlation for trade validation
#FTM/USDT Ready to go higher#FTM
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.7824
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.7826
First target 0.8170
Second target 0.8634
Third target 0.9046
#FTM/USDT Ready to go higher#FTM
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.6900
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.7300
First target 0.7735
Second target 0.8078
Third target 0.2490
Bad news FTM holders markets require more blood sacrificeThe price action of the past few days from the latest bottom of 66 cents seems to have been a bearish retest.
the massive long term support has turned into resistance
the bearish retest has been completed
now down again
RSI also has hit resistance.
more blood more pain
the bit question is when after 68-69 cents is reached:
double bottom confirmation and bottom is in, with rising RSI
or
max pain, max blood scenario of visiting 53 cents with also rising RSI, forming a bullish divergence?
the second part remains to be seen in several days
first part is clear
more blood from FTM holders
sorry, bulls
This is a SHORT-TERM analysis only
FTM: The prospect of increasing?BINANCE:FTMUSDT
As you can see, FTM has created an ascending head and shoulders and is also located in the megaphone, which means that if it breaks, we expect the price to reach the target (AB=CD).
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
Regular and principled...hello friends
We came up with FANTOM currency analysis.
This potential coin, which is active in the DEFI field, has been able to grow well by forming an upward channel.
Now we have specified the purchase limits for you in case of modification.
Now it is logical to buy one step, but in case of correction, we can wait until the specified areas and then make our purchase.
But in case of successful failure of the channel, we can still buy and move with the specified goals.
Note that this coin has a high growth potential....
FTM strong bounce …will continue ?FTM / USDT
#FTM has news regarding its rebranding to #S which affected the price heavily in past few days
Currently it shows great bounce
stability here = going for these targets
Lose red level in HTF = invalidation of bullish setup
Great LONG Approaching for FTM
For those who missed the SHORT on FTM, don't miss the LONG that is almost here on the 1 hour, 4 hour and daily charts. We just need to see some volume increase and a few green candles and this should have a nice rebound. Currently oversold on all timeframes.
The FVG on the daily has been touched, we may go a few cents lower to the Weekly FVG.
Take profit level at this stage would be at the 0.9395 (0.5 Fib Level and Bearish FVG Resistance Level). If it breaks through this, 1.18-1.19 would be another take profit level (Fib 1.0 and Bearish FVG Resistance.
FTMUSDT - All eyes on Sonic!Weekly chart displays A very strong support level where the price is expected to rebound significantly, located at the 0.75 area
This zone converges several weekly supports, including the 50 EMA, the 0.5 Fibonacci level, and the upper side of the symmetrical triangle pattern.
accumulation is suitable now and up to the 0.7 level.
On January 13, 2025, the token will automatically be rebranded to (S) , meaning Sonic .
This represents an upgrade to the FTM token, similar to what happened with RNDR transitioning to Render .
This is a significant update to FTM’s infrastructure to align with leading projects in the space.
And as a token supported by Dubai, you can be confident in its bright future.
Buy between: 0.8 - 0.7
Targets: 1 - 1.6 - 3.5 - 7.5 - 21
Best regards Ceciliones 🎯
FTM. Golden Entry Opportunity: Growth Potential Intact.BINANCE:FTMUSDT
Growth potential remains.
It’s still a good entry point for both spot and futures trades. The nearest target for a futures trade is $1.1135–$1.3748, while for a spot trade, it’s $1.3748–$1.6888.
A more conservative entry can be considered in the $0.9800–$0.9000 range—ideal for maximum comfort.
DYOR.
Entry to the upside on the 30-minute timeframe while maintainingIn this analysis, we are positioned on an upward trajectory, and there is a possibility of making history by the end of the year.
FTMUSDT Analysis: Valuable Demand Zone IdentifiedI believe the blue box in FTMUSDT represents a high-value demand zone . Considering that overall market conditions are not favorable , I’ve opted for a lower entry point that aligns with a more cautious and strategic approach.
This blue box stands out due to its significance from multiple perspectives . I utilized heatmap , cumulative volume delta (CVD) , and volume footprint techniques to pinpoint this area as a precise zone where buyers are likely to show strength.
Key Points:
Market Conditions: Weak, favoring conservative and well-planned entries.
Blue Box: A critical demand zone identified with advanced tools.
Techniques Used: Heatmap, CVD, and volume footprint for accuracy.
If you'd like to learn how I use these techniques to determine accurate demand zones, just DM me!
If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
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FTM BUY!Hello friends
After the third encounter with the resistance, this coin was able to break it, and now with the pullback to that resistance, it has become a support, and by maintaining the range, we can expect a step up.
Be successful and profitable.
Fantom’s Sonic Protocol Goes Live on Mainnet: Can It Revive FTM?Fantom ( CRYPTOCAP:FTM ), now rebranded as Sonic Labs, has taken a significant step forward with the launch of the Sonic Protocol on the mainnet. This next-generation, high-throughput blockchain platform aims to revolutionize Decentralized Applications (DApps) development and operation. Despite the groundbreaking advancements, CRYPTOCAP:FTM continues to face selling pressure. This article explores the implications of the Sonic Protocol launch and its potential impact on CRYPTOCAP:FTM , analyzing both the technical and fundamental aspects.
Sonic Protocol: A Game-Changer for Blockchain Developers
The Sonic Protocol is designed to enhance scalability, efficiency, and developer experience. Key features include:
- High Throughput: Capable of executing up to 10,000 transactions per second.
- Sub-Second Finality: Reducing transaction confirmation times to fractions of a second.
- EVM Compatibility: Enabling seamless interaction with Ethereum (ETH) and other blockchain ecosystems.
- Decentralized Gateway: A native bridge to Ethereum for smoother asset and data transfers.
These features position Sonic Labs as a strong contender in the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) spaces, providing developers with the infrastructure to create next-generation DApps.
The launch follows the completion of the “Blaze” testnet, which validated the protocol’s EVM compatibility and performance metrics. Sonic Labs has also achieved the Genesis Block for its new smart contract chain, signaling readiness for widespread adoption.
Fundamental Implications for CRYPTOCAP:FTM
The Sonic Protocol introduces a token migration mechanism where CRYPTOCAP:FTM holders can upgrade their tokens to “S” tokens on a 1:1 basis using the Sonic upgrade portal. This transition opens users to Sonic’s ecosystem of applications but also raises concerns about CRYPTOCAP:FTM ’s long-term relevance.
- Free Migration Period: Users can swap CRYPTOCAP:FTM for “S” tokens freely within the first 90 days post-launch. After this period, upgrades will only occur from CRYPTOCAP:FTM to “S”, potentially phasing out $FTM.
- CEX and Ethereum Migration: Holders on centralized exchanges (CEX) or Ethereum must migrate their tokens before upgrading, using the Sonic Gateway.
- Ecosystem Governance: Sonic Labs and the Sonic Foundation will manage DApp development and network governance, ensuring sustainability and innovation.
The introduction of “S” tokens could dilute CRYPTOCAP:FTM ’s utility, prompting a wave of selloffs as investors adjust to the evolving dynamics.
Technical Analysis
At the time of writing, CRYPTOCAP:FTM is trading at $1.166, down 12% over the past 24 hours. The price remains in a bearish zone, showing no immediate signs of recovery. Key technical indicators suggest further downside risk:
- Relative Strength Index (RSI): The RSI stands at 35, indicating oversold conditions but lacking a clear reversal signal.
- Moving Averages: CRYPTOCAP:FTM is trading well below its 50-day and 100-day moving averages, reinforcing bearish sentiment.
- Resistance Levels: On the upside, CRYPTOCAP:FTM faces resistance at $1.35, a critical level it must reclaim to reverse the current trend.
The MACD indicator also shows a bearish crossover, with the signal line diverging further into negative territory. The lack of sustained buying pressure adds to the concern of continued price declines.
Will Sonic Protocol Spark a Revival?
While the Sonic Protocol offers immense potential for the Fantom ecosystem, the immediate market reaction has been underwhelming. The token migration and uncertainty surrounding CRYPTOCAP:FTM ’s future utility have overshadowed the protocol’s technical achievements.
However, the long-term outlook remains optimistic. If Sonic Labs can attract significant developer interest and deliver impactful DApps, the ecosystem’s value proposition could strengthen, potentially reviving CRYPTOCAP:FTM and its successor, “S”.
Conclusion
The Sonic Protocol’s mainnet launch marks a pivotal moment for Fantom’s evolution. While CRYPTOCAP:FTM faces short-term bearish pressure, the protocol’s advanced features and developer-focused approach hold promise for long-term growth. Investors should closely monitor the adoption of Sonic Protocol and the performance of “S” tokens in the coming months to gauge the ecosystem’s trajectory.
Fantom: Bullish OutlookEarlier this week, Fantom attempted to break above the resistance at $1.39 but has so far struggled to sustain the upward momentum. We assume that the sharp pullback to $1 early last week has marked the completion of the green corrective wave . Accordingly, Fantom should now be in the impulsive ascent of the green wave , which should soon surpass the $1.39 resistance.
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