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Cryptocurrencies Price Prediction: Fantom, Bitcoin & Crypto – European Wrap 16 August

Cryptocurrencies Price Prediction: Fantom, Bitcoin & Crypto – European Wrap 16 August
FXStreet TeamFXStreet TeamFXStreet

Fantom price is poised for a 15% rally after breaking above a falling wedge pattern

Fantom (FTM) price encounters the upper trendline of a falling wedge pattern in the European trading session and trades lower below $0.380 on Friday. On-chain data shows that FTM's Total Value Locked (TVL) and Open Interest are rising, suggesting growing activity and interest within the FTM ecosystem, which indicates a bullish move on the horizon.

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Bitcoin Weekly Forecast: Signs of weakness persist

Bitcoin (BTC) trades above $58,000 on Friday after after testing and failing to overcome the resistance level around $62,000 earlier in the week. The risk-on mood returned to markets this week, Marathon Digital added 4,141 BTC worth $249 million to its holdings and the US SEC approved a MicroStrategy leveraged ETF, potentially giving investors more exposure to Bitcoin. 

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Top 5 cryptos by positive sentiment: Chiliz, Ethereum, BNB, NOT and TON

Chiliz (CHZ), Ethereum (ETH), Binance Coin (BNB), Notcoin (NOT), and Toncoin (TON) are the five cryptocurrencies with the most positive sentiment among crypto traders, according to data from Oriole Insights.  Recent developments in some of these top five picks have likely fueled this positive sentiment, although some other tokens such as Ether make it to the top even though US-listed Exchange Traded Funds tracking the value of ETH are registering outflows. 

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