FxWirePro- FTMUSD (Chart of the day)

Fantom is:

• Permissionless
  
• Decentralized
  
• Open source / Business Source License

Consensus mechanism-

The Fantom Lachesis consensus algorithm is asynchronous, leaderless, and Byzantine fault-tolerant, achieving quick transaction finality. T

Time to finality- 1s

Active dApps- 300+

Avg transaction cost- <$0.01

Daily transaction- 119244

Fantom network consumes 0.00003 kWh per transaction which is 70 million times less than Bitcoin.

Opera is our smart contract platform and offers unprecedented scalability and storage to developers, and a swift, streamlined experience for users.

FTMUSD was one of the best performers this week.

Any close above $1.25 confirms further bullishness.

FTMUSD surged more than 40% after a massive sell-off. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.3750 and is currently trading around $0.3658.

The bullish invalidation can happen if the pair closes below $0.20. On the lower side, the near-term support is $0.30. Any break below targets $0.25/$0.20.

The immediate resistance stands at around $0.50. Any breach above confirms a minor pullback. A jump to $0.54/$0.625 is possible. A surge past $0.65 will take FTM to $0.85/$1.

It is good to buy on dips around $0.30 with SL around $0.20 for TP of $0.85.

TokenPost | [email protected]