Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Fantom’s selloff widens to a 52% loss. Are there more coming?
ALTCOIN NEWS

Fantom’s selloff widens to a 52% loss. Are there more coming?

By Crypto FlexsJanuary 11, 20252 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Fantom’s selloff widens to a 52% loss. Are there more coming?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Phantom seemed to be showing a strong decline on the daily chart
  • OBV has fallen below its November low and the next downside price target is $0.5.

At the time of this writing, Fantom (FTM), soon to be rebranded as Sonic, had a bearish outlook in terms of technical analysis. Price action has been very bearish over the past month. In fact, it recorded a 52.6% loss in just 26 days.

FTM will see a 1:1 token swap for the new Sonic Token S on Binance. The strategic plan to introduce Sonic as a new layer 1 blockchain, promising 10,000 transactions per second, could strengthen demand for the token in the coming weeks.

Phantom prices continue to fall

Source: FTM/USDT on TradingView

The first FTM rejection at the $1.44 level occurred on December 16th. Two days later, Bitcoin (BTC) fell 5.6% on weak news from the US FOMC meeting. This accelerated the distress of FTM bulls.

The 61.8% Fibonacci retracement level at $0.659 provided some respite in late December, but the sellers were too strong. Over the past two weeks, they have continued Phantom’s downward trend and hit another low.

RSI has been below the neutral 50 level for almost a month now, showing solid bearish momentum. What’s more worrying is that OBV has fallen below its November low. This reflects the enormous selling pressure in the market.

Open interest falls to a new low

Phantom Open Interest

Source: Coinglass

OBV wasn’t the only one hitting new lows. Open interest also reached levels not seen in two years. Together they highlighted the high selling pressure on the token. However, the FTM to S token swap may explain some of these losses.


Read Fantom (FTM) Price Prediction for 2025-26


Swaps may also cause traders to close positions. The exchange also announced plans to delist FTM and open Sonic trading pairs. This, combined with overall bearish market sentiment, could explain the decline in OI and demand.

Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author.

Next: Can AAVE Avoid a Drop to $203? – Analysts predict…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Linea Price Spikes 14% as Swift selects Linea for the pilot

September 27, 2025

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Linea Price Spikes 14% as Swift selects Linea for the pilot

September 27, 2025

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025
Most Popular

DOGE breaks through $0.1055 barrier. Will the bulls head towards $0.1200?

September 15, 2024

FTX sues parents of founder Bankman-Fried

November 27, 2023

XRP Breaks Through $3.5! DL Mining Launches AI Cloud Mining Contracts, Earning Steady Profits Every Day

July 20, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.