<strong><em>FTM price shows a bullish failure to sustain the reversal rally resulting in a bearish pattern and warns of the $0.30 fallout.</em></strong>

Key technical points:
<ul>
 	<li>The FTM market value decreased by 5% today at press time.</li>
 	<li>The price action forms a head and shoulder pattern.</li>
 	<li>The 24-hour trading volume of Fantom is $175.76 Million, indicating a drop of 8.21%.</li>
</ul>
<h2><strong>Past Performance of FTM</strong></h2>
The falling trend in FTM prices started due to the rejection near the bearish crossover of the 100 and 200-day EMA accounts for depreciating the market value by 80%. The bearish trend takes attempts to take support at multiple levels but fails to halt the downtrend, resulting in a fall to $0.30, where a bullish hope arises. However, the reversal fails to surpass the $0.45 and forms a head and shoulder pattern ready to crack under $0.30.

<img src="https://s3.tradingview.com/snapshots/f/f8c11Hyu.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/f8c11Hyu/" target="_blank" rel="noopener">Tradingview</a>
<h2>FTM Technical Analysis</h2>
The higher price rejection in the <a href="https://www.cryptoknowmics.com/news/fantom-price-prediction-will-ftm-coin-test-the-5-mark-by-end-of-2022/">FTM</a> prices supports the bearish fallout of the head and shoulder pattern that may shortly break below the neckline. Traders can expect the breakout rally to undermine the buyers at $0.30 to test the $0.20 support level. The RSI slope displays a recovery rally with growing bullish influence as it outperforms the 14-day SMA and sustains in the nearly oversold zone. But, the RSI slope struggles to approach the 50% line, resulting in a bearish reversal.

The MACD and signal lines show an upward trend ready to surpass the zero line and reflect a solid bullish trend. On the contrary, the falling trend in MACD histograms warns of a bearish crossover as the buying pressure falls. In a nutshell, FTM technical analysis indicates a high possibility of the $0.30 fallout.
<h2>Upcoming Trend</h2>
If the sellers manage to push down the FTM prices under $0.30, a downfall to the next support level at $0.20 seems inevitable. However, a reversal from the $0.30 mark can result in a setback to $0.45.

<b>Resistance Levels:</b> $0.45 and $0.50

<b>Support Levels:</b> $0.30 and $0.20

&nbsp;

FTM Technical Analysis: Sellers Back In Force Prepare $0.30 Crackdown 

FTM technical analysis shows a bullish failure to sustain the reversal rally resulting in a bearish pattern and warns of the $0.30 fallout.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

FTM Technical Analysis: Sellers Back In Force Prepare $0.30 Crackdown

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