Crypto enthusiasts, brace yourselves! The world of cryptocurrency is abuzz with exciting developments and tumultuous shifts. From the incredible 10x growth of TMS Network (TMSN) to the flashing warning signs of a market downturn by Fantom (FTM) and the intense battle to hold the $0.50 zone by XRP (XRP) bulls, the headlines are ablaze with action-packed news.
Fantom (FTM)
According to a recent tweet by Smart Contractor, a well-known pseudonymous analyst with over 222,300 followers on Twitter, he has decided to reduce his crypto holdings after analyzing the charts of Fantom (FTM).
The tweet suggests that Fantom (FTM), often seen as a strong competitor to Ethereum (ETH), has broken through the diagonal support of a bear flag pattern, indicating a potential price decline. The next major support level is expected to be around $0.386, with Fantom (FTM) currently trading at $0.453 at the time of writing.
Smart Contracter’s decision to reduce his holdings in light of the chart analysis of Fantom (FTM) indicates that the cryptocurrency market is still subject to the usual ebbs and flows of technical analysis. Despite being considered an Ethereum (ETH) rival, Fantom (FTM) has not been immune to market downturns, and its current price trajectory suggests that caution may be warranted.
The next major support level is expected to be tested soon, and whether Fantom (FTM) can hold this level remains to be seen.
XRP (XRP)
XRP (XRP) remains a popular cryptocurrency choice for investors and traders, with its market movements closely watched by the crypto community. XRP (XRP) has been experiencing a relatively stable trading level above $0.49 in the past two weeks, with the on-chain data indicating the potential for further price gains.
This bullish run was fueled by media reports of a possible victory in the Securities and Exchange Commission (SEC) lawsuit, leading to a 24% surge on March 20th and culminating in a 10-month high of $0.54 by March 29th. However, a bearish correction of 10% on April 3rd led to XRP (XRP) falling below the $0.50 mark, causing concerns among investors.
Despite the recent downturn, investors remain optimistic that the flailing social volume could attract more whales and sharks to invest in XRP (XRP) in the coming weeks, which added buying pressure could drive up the price of XRP (XRP) further.
The market will continue to be monitored closely by investors. Overall, the recent XRP (XRP) market trends demonstrate the volatility of the cryptocurrency market and highlight the importance of closely monitoring market movements before making investment decisions.
TMS Network (TMSN)
TMS Network (TMSN) has experienced an astonishing 10x growth, making headlines across the crypto world. With its innovative features and decentralized platform, it has the potential to revolutionize trading as we know it, providing open access to millions of people on a global scale.
TMS Network (TMSN) can revolutionize trading by providing open access to trading derivatives across the globe using cryptocurrencies, such as stocks, forex, CFDs, etc. It is a decentralized platform accessible to anyone with a cryptocurrency wallet. One of its unique features is the Copy Trader, which allows users to copy the trades of top traders on the platform. With its innovative features, TMS Network (TMSN) has the potential to benefit millions of people and become a game-changer in the world of cryptocurrency.
Conclusion
As the crypto world continues to evolve and challenge traditional financial systems, the volatility and excitement are here to stay. TMS Network (TMSN), Fantom (FTM), and XRP (XRP) are just a few of the many players in this fast-paced game of innovation and disruption. So whether you’re a seasoned investor or a curious observer, stay tuned for more thrilling updates in cryptocurrency.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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Source: https://coinpedia.org/press-release/tms-network-steals-crypto-spotlight-with-10x-surge/