Price Analysis

MakerDAO Price Buckles Up Hard, Yet Fantom(FTM) Price Thrive Quickly!

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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Jan 4, 2022

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Highlights

    Maker DAO is attempting to go parabolic and attain the the immediate resistance levels around $2764

    Fantom(FTM) price is raising above the levels in order to achieve the ATH at the earliest to keep up with the bullish trend

MakerDAO Attempting to Gear Up

The ethereum-based token, MKR, after falling from a huge cliff is attempting to go parabolic to hit the immediate resistance levels. Very much similar to most of the crypto assets, yet the MKR price was also deeply impacted by the sudden crash in the last few days of 2021. However, the asset maintained significantly above $2000 levels and rose high to hit the initial target of $2500. 

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Currently, the MKR price is trending within a ‘Cup and Handle’ pattern where the asset is on the verge to complete the handle. Once the asset reaches the neckline of the pattern which lies at the strong resistance levels at $2569, then the possibilities of a notable uptrend hover around the pattern. The asset if spiked high may hit one of the strong resistance levels just above $2700 upon which the bull run may resume. 

Fantom(FTM) Price Rallies High, Yet a Notable Pullback May Be In Place

Fantom price seems to be much distinct from the current market consolidation, especially of the BTC price, as it breaks through the upper levels. The asset is an inch close to form another ATH above $3.4 which may happen any time from now. However, despite the geared up bullish momentum, yet the fear of another retest hovers the crypto. 

The FTM price previously was trending within a bullish flag and as expected the asset bragged-in through the strong resistance zones in between $2.46 and $2.56. Continuing with the uptrend, the asset is currently testing one of the strong resistance at $2.88. Woefully, the bears appeared to have entered the ring and hence restricting the asset to surge beyond $3. However, despite the price slides down, yet the resistance flipped to support levels are expected to hold the asset firmly and provide the required base to rebound strongly. 

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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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