Price Analysis

Fantom (FTM) Price Ignites a Giant Move, Poised for a 50% Upswing to Reach $0.5 in the Next 2 Weeks!

Author: Sahana Vibhute

Sahana Vibhute right arrow

Author

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.

  • author facebook
  • author twitter
  • linkedin

news-image

The crypto space had undergone a significant upswing in the past couple of weeks as Bitcoin price hailed over $17,000 for some time and dropped back below the levels very quickly. Meanwhile, the altcoins including Fantom(FTM) price followed the star crypto and jumped significantly. 

While the BTC price has been consolidating heavily below the resistance, the FTM price is believed to rise significantly in the next few weeks.

A widely followed analyst, Micheal van de Poppe identifies the next course of action for the FTM price and foresees the asset to reach $0.5 very soon. 

The analyst mentioned the strong upswing that slashed the pivotal levels between $0.2389 and $0.2393. The price pierced through these levels after a brief consolidation, marking the beginning of a fresh upswing. The surge may uplift the price to the interim highs at around $0.27 which may pave the way to reach the November high close to $0.3 by the mid of December 2022. 

Collectively, the crypto space presently is pretty uncertain as the prices of the top cryptos have been trading within undetermined levels. While some of the cryptos like XRP, maintained an independent trend, the majority of the altcoins tend to follow the Bitcoin price trend. However, the Fantom (FTM) price, which is largely appearing to be bullish, is expected to undergo a “u-shaped” recovery to reach $0.3 in the next couple of weeks. 

Show More

Was this writing helpful?

No Yes

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.

Related Articles

Back to top button