Technical Analysis:  Fantom Climbs Close to 10% Higher, While THETA Drops on Wednesday
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Technical Analysis:  Fantom Climbs Close to 10% Higher, While THETA Drops on Wednesday

THELOGICALINDIAN - Fantom was trading by about 10 college during Wednesdays affair as the crypto bazaar was hardly up Despite this there were a few notable bears THETA actuality one of them and was bottomward by as abundant as 5 beforehand in the session

Biggest Gainers

Fantom was one of Wednesday’s better bulls, and was up abutting to 10% beforehand in today’s session, cementing its abode as the world’s 30th better cryptocurrency.

Today’s assemblage in FTM/USD came as prices rose from the abiding abutment of $1.51, and attending set to move appear attrition of $2.30.

The amount of FTM rose to an intraday aerial of $2.07 on Wednesday, afterward a low of $1.78 beneath than 24-hours ago.

As of autograph this, fantom was trading 9.57% higher, as the 14-day RSI rose to its accomplished akin back January 31.

This acceleration in amount backbone has additionally apparent the RSI move afterpiece to its own attrition point of 54.11, which is a stone’s bandy abroad from its accepted point of 52.02.

From the chart, it appears that beasts accept yet to cash positions, and could be targeting college highs from FTM.

Biggest Losers

Although it was not a red wave, there were several cryptocurrencies aerial in the red during this hump-day session.

Following two after canicule of gains, THETA angry bearish on Wednesday, and as of writing, is trading by over 2% lower on the day.

However, this was not today’s better loser, that account went to FLOW, which as of autograph was bottomward 3.10%.

FLOW/USD hit an intraday low of $6.36 on Wednesday, afterward an beforehand aerial of $6.83, which was hardly aloft the $6.80 attrition point.

Bears again entered this, in a agnate appearance to the move on February 17, area the amount again alone to the $5.35 floor.

If amount drive continues to bead off, bearish burden may increase, with the $5.35 attic a astute target.

Do you apprehend any added drops in FLOW? Let us apperceive your thoughts in the comments.

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