Price Analysis

Fantom (FTM), Ethereum Classic (ETC) & Near Protocol (NEAR) Price Surge, Crypto Space Finally Revives!

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Jul 19, 2022

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Fantom (FTM) Price Analysis

Fantom price with the recent price action appears to have recovered most of its loss incurred after the May 2022 crash. The asset since the previous trading surged exceptionally high, slicing through the 200-day MA levels at $0.2. Woefully after a 25% jump, the FTM price is currently facing a minor pullback that could be a short-lived one. 

ftmprice

The FTM price broke out of the symmetrical triangle and pulled a massive leg up to achieve the crucial resistance at $0.33. The price is currently hovering around these levels displaying a huge possibility of continuing with the bullish trend. The price after a minor consolidation is expected to range high to hit $0.37 by mid-week.

Ethereum Classic(ETC) Price Analysis

A very tough battle is witnessed between the bulls and the bears at the moment and due to this, the ETC prices remain consolidated just below the crucial resistance. The asset faced a massive rejection during Q4 2021 and due to which the beginning of 2022 was pretty consolidated. However, the price inflated magnificently during the last fortnight of March and woefully dropped ahead, losing all the gains during the next 30 days. Currently, prices have flipped firmly and appear to be poised to keep up the bullish momentum. 

etcprice

The ETC price remained under the crucial resistance along the 200-day MA levels for more than 6 months. However, with the recent price action, the prices tested these levels and faced a minor rejection. No doubt the bears successfully restricted the price but eventually failed to drag the price lower. Therefore, considering the growth in the volume, the price may slice through these levels validating a significant upswing ahead. 

Near Protocol (NEAR) Price Analysis

As the crypto space turned a little bullish, most of the altcoins soared high. Near Protocol is among the top 3 tokens that topped the leader board with a jump of nearly 10%. The asset with its recent price action scrapped the bearish narrative leaving no room for the possibility of a pullback ahead. 

nearprice

The NEAR price broke from the descending channel during the previous day’s trade and began the fresh day trade above these levels. Hence displaying its tendency to continue with the bullish momentum to hit the immediate target between $5.8 to $6.1 at the earliest. Securing the levels above this zone may enable the asset to lay a strong uptrend to test the crucial resistance at $10.1 in the upcoming days. 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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