Overview 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.
Hello hello, I like how this pair looks. It's keeping its bullish momentum. As I look at the chart, .92500 is a weekly resistance. It has wicked to that area multiple times, therefore, I am looking for a break past that area eventually. This pair will take time as it moves slow. Overall longterm, USDCHF could make it to .94000 to return to retest that weekly CHOCH area. If you have the patience, this could be a possibility. However, at this moment it broke out of its 2HR OB/Consolidation area, and retraced a little bit to retest . My next target is that resistance at .92500. Lets see what this pair will give us?Take your profits along the way. There will be many opportunities if this can continue.
Bull and bear targets on the chart. Conditions for Bear - lose 91.4k and fail to reclaim Bear Targets TP 1 and 2: - approx 77k - approx 71k Conditions for Bull - reclaim 102.750 and hold above. Bull Targets TP 1 and 2: - approx 122k - approx 133k
GBPCAD has been in a sustained bearish trend and recently completed its AB=CD harmonic pattern, signaling a potential turning point. Additionally, the formation of bullish divergence further supports the possibility of a reversal. A break above the previous lower high at 1.77741 could indicate the emergence of a bullish trend, suggesting a shift in market sentiment.
Bitcoin is currently trading near a crucial horizontal support zone, as marked on the chart. The price recently pulled back from its highs, forming a bearish divergence on the RSI, which suggests weakening momentum. However, the key support level around $90,700–$92,500 is holding firm for now, providing potential for a bounce. If BTC manages to sustain above this support zone, we could see a recovery attempt. However, a breakdown below this critical level might trigger further downside, with the next possible target around $85,000. Traders should closely monitor the RSI and volume for confirmation of either a bounce or a break below the marked support.
Market is making series of LH and LL. market has been rejected from TREND LINE resistance and also tested 4H RESISTANCE LEVEL (which is also a FIB 0.382 Golden Level). There is also a chart pattern i.e. Bearish Rectangle pattern which depicts market will continue moving bearish trend. Projected TPs are specified with Stop-loss above LH. HAPPY TRADING & PROFITS.
seeing the fact that the market created an eqh after a break of structure then we can clearly see a change of character to the down side then a break of structure to the downside again, i marked out the mitigation block which is directly in line with the fvg then a sell limit order was placed. seeing the market move in our anticipated direction and broke through the trendline and had a retest we opened another position heading to our overall direction lets see what we have at the end of the day.
Gave my levels on SPY on the 4HR on Wednesday if 586 couldn't hold. Jobs report came out on the strong side, gave a great flush to the downside in the morning. 580 target met, buyers stepped in and SPY bounced off of that level to the upside. Pretty easy play to end the week.
We have certainly over extended (I'm proud to say as a PLTR investor who has remained in the stock since IPO). Let us be reasonable in the short term, and look forward to a potential correction/buying opportunity. If you're long but have been hesitant about acquiring some shares, we all may have the opportunity to load up. Now that $45 has been breached, there hasn't yet been a clear retest of that price range which is now support. I feel as though the overall market will continue to look for reasons to sell in the short term -- which should be healthy going forward. This wouldn't only apply to $NASDAQ:PLTR. The entire market will be on sale. Don't be scurred! I love you, and good luck.
Usd/eur bullish trend buy stop , stop loss and TP defined.