The Fantom price has dropped by 12.86% in the last 11 days, highlighting increased selling pressure for the altcoin in the crypto market. However, the bulls maintained the value above the $0.70 mark. This resulted in the altcoin experiencing a positive bounceback.
Will the crypto bulls maintain their optimistic sentiments, to help the FTM crypto price reclaim its $1 mark this month? In this article, we have covered the short-term market sentiment, price analysis, and possible short-term price targets of the Fantom (FTM) crypto token.
The Fantom price has jumped over 3% in 24 hours with a trading volume of $228.57 million, a change of +4.89%. Notably, this altcoin has displayed a significant price action over the past few days, highlighting increased price action.
The Simple Moving Average (SMA) constantly acts as a resistance to the FTM price chart in the daily time frame. This suggests an increase in the selling-over-buying pressure in the crypto market.
On the other hand, the MACD indicator shows a constant decline in the red histogram. Further, its averages hint at a potential bullish convergence. This highlights a mixed price sentiment for the altcoin during the upcoming week.
If the bullish sentiment sustains, the Fantom coin price could retest its resistance level of $0.80. Maintaining the price above that level could set the stage for this altcoin to head toward its target price of $1 this month.
On the contrary, if the bears regain momentum, the FTM crypto price could record a bearish reversal. This could result in the price of Fantom plunging toward its crucial support trendline of $0.60.
To find out answers to questions like “Can FTM reach $50?” Read CoinPedia’s Fantom Price Prediction to uncover the potential mysteries until 2030!
The Fantom price could achieve this price tag by the year 2026 if the bullish sentiment sustains.
With a 24-hour trading volume of $232.52 million, the FTM token is currently trading at $0.7012.
With an ATH of $3.48, this altcoin is highly undervalued as of now. This potentially makes this a good investment for the long-term prospects.
XRP, the native token of Ripple Labs, is gaining massive attention from long-term holders despite…
The crypto market has recently experienced a vast downturn, with most important projects such as…
The US markets are experiencing one of the massive pullbacks, with major stocks plunging by…
PEPE hopped its way to a $3.8 billion market cap, but its reign as a…
Ripple’s (XRP) recent rally from $2.00 to $2.20 has sparked excitement among cryptocurrency enthusiasts. This…
The crypto circus has a new ringmaster: Influencer Pepe (INPEPE). This Pepe-the-Frog-inspired token is making…
