Fantom (FTM) Faces Critical Juncture as Price Breaks Below 200-Day EMA Amid Market Scrutiny

The price of Fantom (FTM) has been on a steep downward trajectory since mid-December 2024. Despite a brief six-day New Year rally, the cryptocurrency has experienced relentless losses, sliding deeper with each passing day.

By early January 2025, the Fantom price had broken below the critical 200-day EMA band. This occurred after facing resistance at the 20-day and 50-day EMA bands on January 4th.

The situation has worsened due to heightened market scrutiny. Coinbase's upcoming trading ban for Fantom, rising regulatory demands, and the current pessimistic sentiment have all contributed to the concern.

These developments have placed the Fantom price in a critical position, prompting analysts to reassess their technical and fundamental perspectives. However, despite these challenges, there is a glimmer of hope on the horizon.

Coinbase will delist the Fantom perpetual pair (FTM-PERP) from Coinbase International Exchange and Coinbase Advanced on January 24, 2025, at 10:30 a.m. UTC.

Coinbase traders will have until the mentioned date to close their FTM-PERP positions. If traders fail to close their positions, they will be subject to force-settlement at the time of the trading halt.

Coinbase will calculate the final FTM-PERP settlement price by averaging the index price during the 60 minutes before the suspension. Furthermore, the exchange will set funding rates to zero for the final funding period.

This move has sparked widespread concerns among Fantom traders and the broader community. Some market analysts have warned that the delisting could amplify the challenges faced by the Fantom price.

This is because reduced accessibility might hinder its liquidity and market exposure. The timing of this development also coincides with Fantom's already struggling price performance, which has been on a downward trajectory since Bitcoin's sharp correction from its $108K peak.

As the January 24th delisting deadline for FTM-PERP on Coinbase approaches, market participants are closely monitoring the situation. The token's price performance and traders' ability to close their positions before the trading halt will be crucial factors in determining the next move for FTM.