Price Analysis View Non-AMP

Fantom Price Eyes To Hit $2 With A Breakout Rally Next Week?

Published by
Elena R

Amid the ongoing crypto volatility, the altcoin market has gained significant traction over the past few days. Notably, top altcoins such as Fantom have surged ~80% over the 30 days, indicating a strong bullish outlook.

Will Fantom Price maintain its bullish price action and achieve the $2 mark this year? In this article, we have uncovered the short-term market sentiments and possible price targets of the Fantom (FTM) crypto token.

FTM Price Forms A Rising Channel Pattern!

The Fantom token has added 5.34% to its portfolio in 24 hours with a trading volume of $404.112 million. Despite recording a drop of 4.76% over the past week, this altcoin has surged ~80% in 30 days and has a YTD return of 169.22%.

The Simple Moving Average (SMA) supports the Fantom price chart in the longer time frame, suggesting a strong bullish price action for the FTM crypto token.

The Relative Strength Index (RSI) records a sharp decline below the overbought range in the daily time frame. However, the average trendline continues hovering around the overbought range. This highlights a mixed price sentiment for the altcoin in the crypto market.

How High Will FTM Price Go?

If the bullish sentiment intensifies, the Fantom price could retest its resistance level of $1.40 this weekend. Maintaining the price above that level could set the stage for this altcoin to head toward its upper price target of $1.60.

Conversely, if a trend reversal occurs, the FTM coin price could retest its support level of $1.20. Furthermore, if the bears gain dominance, this may result in this crypto token plunging toward its lower support level of $1 this month.

To find out answers to questions like, Will Fantom price hit $10? Read our Fantom price prediction. Also, subscribe to CoinPedia to stay updated on the latest cryptocurrency news!

FAQs

Can Fantom reach 2$?

If the bullish sentiment sustains, the FTM coin price could surpass the $2 mark and close the year 2024 with an annual high of $2.22.

How much will FTM coin cost in 2030?

With increased adoption, this altcoin may reach a maximum price of $11.54 during that year.

How much is Fantom today?

With an intraday jump of 5.34%, the FTM price is currently exchanging hands at $1.2692.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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