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Fantom’s price forecast shows that FTM remains in the green as the coin market benefits from increased buying pressure.
Fantom Price is approaching a bullish breakout and is trading at $0.60
The Fantom Prize charts a promising trajectory, ready to deliver significant profits for its investors. After a period of consolidation in recent weeks, the current price action indicates the formation of a bullish pattern. A successful breakout from this pattern could propel the stock to new highs, presenting lucrative opportunities for investors.
Fantom prediction stats:
- Fantom price now – $0.60
- Fantom market cap – $1.7 billion
- Fantom circulating supply – 2.8 billion
- Total supply of Fantom – 3.1 billion
- Fantom Coinmarketcap Ranking – #59
FTM/USD market
Key Levels:
Resistance levels: $0.75, $0.80, $0.85
Support levels: $0.35, $0.30, $0.25
FTM/USD is now on track to move above the channel’s upper limit after hitting the daily high of $0.61 during the European session today. The coin can continue to rise if the price breaks above the channel. However, Fantom (FTM) could remain on the upside and the price could reach the nearest resistance level at $0.65 in the next positive direction.
Fantom Price Prediction: Fantom can break the short-term resistance
According to the daily chart, Fantom price is gradually breaking out of the range and moving upward while the 9-day moving average is hovering above the 21-day moving average. But should the coin slide below the lower limit of the channel, FANTOM (FTM) is more likely to find support at $0.35, $0.30 and $0.25. From above, the coin can cross the channel to locate the resistance levels at $0.75, $0.80 and $0.85 respectively.
FTM/BTC breaks north
Against Bitcoin, the recent bullish price movement in the market could put Fantom (FTM) in an uptrend as the price moves above the upper limit of the channel. Meanwhile, looking at a near-term bear market, the 650 SAT and below could provide a support level for the next selling push if the coin moves below the 9 and 21 day moving averages.
Nevertheless, after reaching the resistance level of 987 SAT, the bulls may come to dominate the market and push the market price north. However, if the 779 SAT support level can act as a solid line of defense against any downtrend; the resistance level of 1200 SAT and higher can come into play.
@Ritesh_Trades recently informed his extensive audience of over 20,000 people on X (formerly Twitter) that whenever there is a dip, $FTM is constantly hitting new highs. He encourages an investigation into the degeneracy of the 2021 Fantom cycle, noting a breakthrough in the 700 day range, with little discussion surrounding FTM. Ritesh asks questions about the outcome when meme coins reach their local peak and where the money might rotate next.
Every time we get a dip $Ftm makes new highlights
Study the degeneration of the 2021 phantom cycle
700 day range breakout and ct is radio silence on FTM
What happens when meme coins get blown off the local top? Where will the money rotate next?
Remilia https://t.co/2qn1w1JgVI pic.twitter.com/mPLKfcEOlt
— Ritesh✺ (@Ritesh_Trades) March 3, 2024
Fantom Alternatives
Fantom price is experiencing an uptrend, supported by bullish moves above both the 9-day and 21-day moving averages. However, continued upward momentum could cause the coin’s price to cross the upper limit of the channel. In comparison, Fantom shows stability with a market capitalization of $1.7 billion, securing the 59th position in the crypto market. Still, its size could hamper its short-term growth potential. On the other hand, Bitcoin Minetrix, with a significant $11.7 million in pre-sales, suggests the possibility of a rapid and significant appreciation despite its lower market capitalization.
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