FST's 15-min chart shows SMA20 trend turning downward.

On FST's 15-minute chart, the 20-day Simple Moving Average (SMA) recently triggered a downward turn, indicating a shift in market sentiment. Specifically, the price has turned downward from a previous upward trend, suggesting that sellers have gained control and are currently exerting downward pressure on the price in the short-term.

The 15-minute chart of FST (Fantom) has recently shown a significant shift in market sentiment, with the 20-day Simple Moving Average (SMA) triggering a downward turn. This development suggests that the price of FST has begun to decline from its previous upward trend, indicating that sellers have taken control in the short-term. The downward pressure on the price is likely to continue as sellers exert their influence.

This trend is in line with broader market conditions. The cryptocurrency market has seen mixed movements, with some assets experiencing notable gains while others have faced losses. For instance, Bitcoin (BTC) rose by 0.50% on July 15, while XRP (XRP) experienced a 12.17% increase, and PUMP (PUMP) saw a 19.19% decline [1].

The DeFi ecosystem has also been affected by recent exploits. Arcadia Finance, a decentralized finance (DeFi) platform, suffered a $2.5 million exploit, raising concerns about security within the DeFi sector [2]. This incident highlights the importance of robust security measures to protect against potential breaches.

The overall market sentiment is further influenced by the increasing Open Interest (OI) in crypto derivatives. According to BeInCrypto, the total crypto market OI hit a new all-time high of over $187 billion on July 14. This surge in OI suggests that traders are engaging more with derivatives than spot markets, potentially increasing the risk of liquidation events [3].

The liquidation risks are particularly pronounced for certain altcoins. Solana (SOL), for example, has an Open Interest of $7.9 billion, with up to $1 billion in long positions vulnerable to liquidation if the price drops below $150. Similarly, XRP has an OI of $7.6 billion, with up to $500 million in long positions at risk if the price falls below $2.5 [3].

In conclusion, the downward turn of FST's 20-day SMA on the 15-minute chart reflects a broader shift in market sentiment, characterized by increasing selling pressure. This trend is part of a larger pattern of mixed market movements and heightened liquidation risks in the crypto derivatives market. Investors should remain vigilant and consider the potential implications of these developments.

References:
[1] https://coinmarketcap.com/community/articles/687619b5dc293b558d9891c9/
[2] https://coinmarketcap.com/community/articles/687619b5dc293b558d9891c9/
[3] https://beincrypto.com/altcoins-at-risk-of-major-liquidations-july/