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

FTM was down by arsenic overmuch arsenic 12% to commencement the weekend, arsenic crypto markets were erstwhile again nether a reddish wave. ATOM was besides unfortunate to this wave, falling to its lowest level since past August during Saturday’s session.

Fantom (FTM)

Fantom (FTM) was down by treble digits connected Saturday, arsenic bearish unit continued to nonstop prices heavy into multi-month lows.

Saturday saw FTM/USD autumn for a 3rd consecutive session, arsenic prices deed an intraday debased of $0.786 earlier today.

Today’s debased is the lowest constituent prices person reached since past September, and comes pursuing a bearish commencement to the year.

FTM/USD – Daily Chart

Overall, FTM has traded little for 5 of the six past months, ever since signaling an all-time precocious of $3.47 successful October.

Looking astatine the chart, this weakness has pushed prices heavy into oversold territory, which is 1 of the lone bully signs for remaining semipermanent bulls.

Despite FTM failing to find a level successful caller months, should this existent level clasp firm, we whitethorn statesman to spot consolidation, and perchance adjacent reversal successful upcoming months.

Cosmos (ATOM)

FTM was not the lone token to autumn to multi-month lows to commencement the weekend, with cosmos (ATOM) besides dropping connected Saturday.

Following a highest of $20.36 during Friday’s session, ATOM/USD started the play by falling to a debased of $18.96.

This bottommost was implicit 5% little than yesterday’s high, and sees prices autumn to their lowest level since the extremity of past August.

ATOM/USD – Daily Chart

ATOM is present trading successful the reddish for a 2nd consecutive month, arsenic prices proceed to conflict to find a sustainable floor.

Its astir caller enactment level of $21.63 was breached earlier this week, arsenic the 14-day RSI continued to besides suffer strength.

Now tracking astatine the 28 level, comparative spot seems to person an interim floor, and should this clasp firm, we could spot an effort to re-enter the $21 level.

Which is much apt to person a beardown rebound, ATOM oregon FTM? Let america cognize your thoughts successful the comments.

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