Fantom (FTM) price trades at $0.901 after rallying 119% in the past three weeks. As the wider crypto markets sells off, this ascent has paused. However, technical indicators suggest that its rally will likely resume soon, pushing FTM higher.
Cardano (ADA) price dipped to $0.56 on Wednesday, offering sidelined buyers the opportunity to buy the token nearly 30% below its year-to-date peak of $0.8104. The decline followed a marketwide correction and mass liquidations in Bitcoin after its price dropped to $62,000.
The crypto market correction continues to deepen, although there have been some signs of stabilisation since the start of the day on Wednesday. The decline has continued for a whole week, reducing the market cap by almost 15%. The total cap was down to $2.28 trillion on Wednesday morning, rising to $2.35 trillion (-2.5% in 24 hours) by the start of active trading in Europe.
