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Pools register $1.4 billion ADA Cardano (ADA) has experienced a significant increase in the amount of ADA that has been deposited into its staking pools in only 12 hours on March 22. Indeed, the large quantity of Cardano that inflowed into the 23 newly created staking pools was roughly around the figure of 1.5 billion ADA which equates to about $1.4 billion, at the time of publication, according to data from Cardano staking pool analytics platform pool.pm. Noteworthy is that each pool has a stake of 62 million ADC, and the percentage of ADC coins that have been staked is over 73%, which is an impressive showing in the context of DeFi development.
BINANCE:FTMUSDLong
by rentooipili
1
FTM Trading RangeI'd speculate on this structure being distributive. Which is a contentious call, given the fervour of the FTM community and HODLers. I really hope it doesn't play out, honestly... but .. it seems very off to me. Check out the volume, no volume at all during the lower structure, but heaps on the tests to the top of the range, a lot of passing the supply over from pros who have made 4000% already and are offloading to people who think it's going to the moon. Hey.. I hope I'm wrong.. I'm just a noob anyway so don't listen to me.
FTX:FTMUSD
by Rolleys
2
FTM double bottom and descending wedgeFTM did not maintain RED trend support; however, FTM did, so far, establish support at the exact previous low, forming a double bottom and not creating a lower low. FTM is also forming a descending wedge. and could make a powerful impulse (pending bullish crypto recovery). I am watching to see the daily close, confirming double bottom and/or wedge breakout. Project moves on with the FTM team and development still continues, may be the last opportunity to grab FTM at a discount? Good Luck
BITFINEX:FTMUSDLong
by peterbhc
2
Fantom might have a chance here There's a few things happening with Fantom right now: 1) We have broken bearish out of what was established as a bullish pennant pattern, not a great sign. 2) There has been some FUD spreading lately about some developers for FTM leaving the team. Not too sure how much this will affect price action in the long term but the company said that this departure doesn't affect their plans for the cryptocurrency. Something to keep in mind. 3) Right now Fantom has some pretty strong support underneath it marked by the green box. This green box marks a key support level because each time Fantom has entered that zone, it has had either a significant move to the downside or a significant move to the upside. 4) It just so happens the .786 level fib retracement on the daily lines up too perfectly with this green box. 5) Rsi is pretty low on the daily but can definitely go lower. If this green box holds as support Fantom will have to break back into the bullish pennant again to return to its "bullish" medium-long term state, which in my opinion is likely to happen. There is a decent possibility we make a V bottom in this green box and return back to being inside the pennant. If Fantom cannot break back into the pennant, the likelihood we lose the green box as support becomes much higher. Overall, I am more bullish than bearish on Fantom until it can prove me otherwise. Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
BINANCE:FTMUSDLong
by MarketM8ker