{"id":134936,"date":"2024-08-05T16:00:10","date_gmt":"2024-08-05T13:00:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134936"},"modified":"2024-08-05T15:34:35","modified_gmt":"2024-08-05T12:34:35","slug":"fantom-crashes-to-new-lows-as-market-panic-sets-in","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/fantom-crashes-to-new-lows-as-market-panic-sets-in\/","title":{"rendered":"Fantom Crashes to New Lows as Market Panic Sets In"},"content":{"rendered":"

This decline has led to significant losses for many holders, with a noticeable increase in unprofitable transactions and long position liquidations in the derivatives market.<\/p>\n

Analysis shows a high ratio of transactions at a loss compared to those at a profit, with 72% of wallet addresses currently underwater. Only 23% of holders are making a profit at this price level. The derivatives market has seen $2.16 million in long positions liquidated in the past 24 hours, the highest in two months.<\/p>\n

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Key indicators suggest further declines, with FTM\u2019s<\/a><\/strong> Elder-Ray Index at -0.19 showing strong bearish sentiment and its price falling below the 20-day EMA, signaling increased selling pressure. If this trend continues, FTM could drop to $0.25.<\/p>\n