Sonic Labs: Andre Cronje Resigns From Board

Andre Cronje resigned from the Sonic Labs board, triggering fresh selling in the linked FTM token now sitting at a $116 million market cap after a 90% decline over the past year.

FTM price prediction models face renewed scrutiny as the asset trades inside its Bollinger Bands with upper resistance at $0.56 and lower support at $0.46. Price action shows a bearish trend structure defined by the EMA50 at $0.5 and EMA200 at $0.54, while the MACD registers a death cross and RSI at 44.21 remains neutral. With price testing upper Bollinger resistance while momentum stays subdued, a healthy retracement to the 50-EMA support at $0.5 appears probable before any continuation attempt.