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FxWirePro- Woodies pivot (Major) 
FxWirePro- Major Crypto levels and bias summary 
Fantom is a highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications. It is a fast, high-throughput open-source smart contract platform for digital assets and dApps.
Fantom's consensus mechanism-
It uses an aBFT consensus mechanism known as Lachesis. It is more scalable and secure that allows asynchronous confirmation of transactions. There is no need for block confirmation and provides instantaneous transactions. It is one of the best cryptos which delivers unparalleled speed, security, and reliability.
|
|
Fantom |
Solana |
Avalanche |
|
Current TPS |
10000 |
65000 |
4500 |
|
Block time |
1-2 seconds |
0.40 seconds |
1-5 seconds |
|
transaction fee |
- |
$0.00025 |
$0.03 |
FTMUSD was one of the worst performers this year and lost more than $3 from a high of $3.3793. Short term trend is neutral as long as $0.2650 holds. Any break above 0.2650 will take the pair to next level of $0.3800/$0.5210. Any close above $0.53 confirms further bullishness, a jump to $0.80/$0.9250.
On the lower side, near-term support is around 0.1900, and any violation below targets $0.1500/$0.1000.
It is good to buy on dips around $0.1600 with SL around $0.100 for TP of $0.40.
