The Fantom price is currently at $0.35 and the technical indicator is pointing towards an upward trend. The market cap of Fantom is $1.1 billion, with a circulating supply of 2.8 billion and a total supply of 3.1 billion. Fantom is ranked #58 on CoinMarketCap.
FTM/USD Market
The resistance levels for FTM/USD are $0.42, $0.44, and $0.46, while the support levels are $0.30, $0.28, and $0.26. If FTM/USD can surpass the resistance of $0.38, its next target could be $0.40 and potentially even reach the resistance level of $0.41. However, if the current level fails to hold, FTM could drop below the support level of $0.33.
Fantom Price Prediction: Is Fantom Ready for More Upsides?
Based on the daily chart, the Fantom bulls are dominating the market. The price is above the 9-day and 21-day moving averages, indicating a potential rise. The resistance levels that FTM may reach are $0.42, $0.44, and $0.46. Conversely, if the price falls below the moving averages, it could decline towards the support levels at $0.30, $0.28, and $0.26. Overall, Fantom is expected to move in an upward trend towards the upper boundary of the channel.
FTM/BTC Begins the Upward Movement
In terms of BTC, Fantom is attempting to cross above the 9-day and 21-day moving averages. If it can surpass the nearest resistance at 850 SAT, it could potentially reach the resistance levels at 1000 SAT and above. However, if the price fails to break the resistance, it may drop towards the lower boundary of the channel and potentially reach the major support at 650 SAT. The 9-day MA crossing above the 21-day MA would indicate further bullish signals.
Alternatives to Fantom
Fantom’s price is experiencing an upward surge at $0.35, supported by a bullish crossover above the moving averages. However, compared to the emerging token, Bitcoin Minetrix, Fantom may offer stability with its established market cap but may have limited short-term growth potential. Bitcoin Minetrix is currently achieving significant presale results, indicating the potential for rapid gains.
Hot Take: Fantom’s Bullish Momentum and Potential
Fantom’s price is currently on an upward trend, with the potential to breach the upper boundary of its trading channel. With its market cap and stability, Fantom offers a reliable investment option. However, for those seeking quick gains, Bitcoin Minetrix’s ongoing presale shows promising results. Both tokens have their pros and cons, so it’s important to weigh your options and assess your investment goals before making a decision.
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