Fantom (FTM) price prediction shows that the FTM price will climb upwards as the bull market pushes the coin to higher levels. Late last year, Fantom (FTM) experienced a sudden surge that lifted the coin’s value by more than 60%. However, the return of the bear market slowed down this positive momentum, causing the Fantom price to drop by 6.36% in the past four weeks. Despite this setback, momentum recovered last week, striving to surpass the $0.40 level.
Fantom Prediction Statistics:
Fantom current price- $0.398
Fantom Market Cap- $1 billion
Fantom Circulating Supply - 2.8 billion
Total Fantom Supply - 3.1 billion
Fantom Coinmarketcap Ranking- 60th
FTM/USD Market
Key Levels:
Resistance Levels: $0.55, $0.60, $0.65
Support Levels: $0.25, $0.20, $0.15
FTM/USD - Daily Chart
FTM/USD is trading above $0.38 and the coin is hovering above the 9-day and 21-day moving averages, touching the $0.40 resistance level. If the price succeeds in breaking the nearest resistance level of $0.45, Fantom price is likely to continue to rise. Meanwhile, if the bulls focus on the uptrend, FTM/USD is likely to reach the $0.50 resistance level.
Fantom Price Prediction: FTM/USD ready to surge
If the 9-day moving average crosses above the 21-day moving average, the Fantom price could surge towards the positive side. Meanwhile, buyers might need to increase the pressure to create additional gains inside the channel.
Nonetheless, once the current market movement recovers to the $0.40 resistance level, the coin has a higher probability of finding support at the potential resistance levels of $0.55, $0.60, and $0.65. Conversely, if the coin slides down and crosses the lower border of the channel, it may hit the key support levels of $0.25, $0.20, and $0.15.
FTM/BTC range
Compared to Bitcoin Minetrix, Fantom price is showing sideways movement and could create additional gains if it breaks above the 9-day and 21-day moving averages. However, if the current bull run continues, the next resistance level could emerge and lead to the critical resistance of FTM/BTC at 1200 SAT and above.
FTMBTC - Daily Chart
On the downside, if FTM/BTC breaks below the lower boundary of the channel, it may face support at 750 SAT. Below this, the key support level may be located at 520 SAT and below. Currently, the 9-day moving average remains below the 21-day moving average, but a break above this barrier may increase the bullish run within the channel.
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In the short term, Fantom price is expected to rise, supported by rising key moving averages. If this trend continues, it may reach the upper boundary of the channel. Compared to Bitcoin Minetrix, Fantom, with a market capitalization of $1 billion, shows stability, but its size may limit short-term growth.
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