Is Fantom’s Price Set To Decline After Coinbase Delisting Announcement?
Fantom's Market Challenges: Fantom (FTM) faces increased scrutiny due to Coinbase's upcoming trading suspension, bearish market sentiment, and technical analysis indicating potential price declines, particularly if it falls below the crucial support level of $0.60.
Rebranding to Sonic: The planned rebranding from Fantom to Sonic aims to revitalize interest and community engagement, with new features expected to enhance token demand; however, its success will largely depend on market sentiment and compliance issues in the crypto space.
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Technical Analysis for SONIC
Technical Sentiment Analysis for Sonic SVM (SONIC) As of , Sonic SVM (SONIC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SONIC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SONIC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sonic SVM (SONIC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0137 | 0.0239 | 0.0339 | 0.0441 | 0.0541 | 0.0643 | 0.0744 |
| Fibonacci | 0.0239 | 0.0316 | 0.0364 | 0.0441 | 0.0518 | 0.0566 | 0.0643 |
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