FxWirePro- FTMUSD (Chart of the day)

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• Permissionless
   
• Decentralized
   
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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.

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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.