Fantom Price Prediction Overview
The price prediction for Fantom suggests a bullish movement as long as the market can maintain stability above the moving averages.
Fantom Prediction Statistics Data
- Fantom price now β $0.49
- Fantom market cap β $1.48 billion
- Fantom circulating supply β 2.80 billion
- Fantom total supply β 3.17 billion
- Fantom Coinmarketcap ranking β #51
FTM/USD Market Analysis
Resistance levels: $0.60, $0.65, $0.70
Support levels: $0.40, $0.35, $0.30
FTM/USD Daily Chart Analysis
Currently, FTM/USD has shown upward momentum while staying above both the 9-day and 21-day moving averages. Traders can expect a continued upward trajectory if the upper boundary of the channel is surpassed.
Fantom Price Prediction: Bullish Momentum
The daily chart suggests a positive momentum, potentially leading to further bullish trends if the price manages to sustain its upward channel trajectory. Conversely, a retreat below the channel’s lower boundary could indicate a bearish scenario.
FTM/BTC Market Movement
Against Bitcoin, FTM follows a bullish movement and may continue to do so if it crosses above the channel’s upper boundary. However, a bearish movement could lead to a decline towards support levels at 1000 SAT and below.
Alternatives & Market Comparisons
Comparing Fantom with rising token Bitcoin Minetrix, Fantom shows stability with an established market cap of $1.4 billion, whereas Bitcoin Minetrix hints at potential growth opportunities despite having a lower market cap.
Hot Take: Potential Growth Ahead
The upward trajectory of Fantom’s price could lead to further bullish trends. However, it’s important to consider the resistance levels it may encounter, especially when comparing it to other tokens like Bitcoin Minetrix.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
