Fun

Fantom Price Breakout: Analyst Shares Anatomy Of FTM’s 18,000% Move To $150 By 2025

News Feed - 2024-12-02 09:12:09

Este artículo también está disponible en español.


A recent technical analysis on TradingView has drawn attention to the Fantom price, with a projected 18,000% increase to reach $150by 2025. Ultra-bullish predictionsare common in the crypto market, but this one is exceptionally optimistic for Fantom. The technical analysis, which dates back to the crypto’s price action in late 2020, bases the ultra-bullish prediction on historical price trends and technical patterns forming on the Fantom price chart. Anatomy Of FTM’s 18,000% Move


The analyst’s prediction begins by highlighting Fantom’s significant price correction of 70% from its 2021 all-time high of $3.46. Despite this, technical indicators show that investors are now adopting a bullish outlook on the cryptocurrency. The 10-day Fantom/TetherUS chart reveals resistance breakouts in both the price action and the RSI indicator, signaling a shift in momentum from bearish to bullish. Consequently, the analyst’s technical setup now indicates a bullish reversal in progress.  Related Reading XRP Price Prediction: Analyst Gives Reasons For Why $10,000 Is A Feasible Price Target 2 days ago


Central to the forecastis the bull flag pattern that spans Fantom’s price movements over the past three years. Notably, recent price action has seen the Fantom price breaking above this bull flag pattern. The analyst notes that if this pattern repeats the impulsive wave seen in Fantom’s rally in 2021, the cryptocurrency could achieve another 18,000% increase. Back in 2021, this 18,000% increase saw the price of Fantom go from around $0.015 in November 2020 to $3.46 by October 2021.


Although the cryptocurrency landscape has changed since then, the analyst predicted that Fantom could repeat another 18,000% move in light of the bull flag breakout. This would translate to a price of $150 from the current price level. Such a move would undoubtedly see Fantom outperforming most cryptocurrencies.


Nonetheless, the analysis emphasizes the need for patience, as corrections of up to 80% may occur during the projected climb. The confluence of multiple technical indicators, visualized through red and blue arrows on the chart below, further supports the forecast. Source: TradingView Key Resistance Levels And Risk Assessment


The analyst identifies $3 as the first major resistance level, highlighted by the formation of an inverse head-and-shoulders pattern. Breaking through this zone would be a crucial step in validating the bullish trajectory. Related Reading Dogecoin Price Completes First Bull Phase Similar To 2021, Here’s What Comes Next 2 days ago


At the time of writing, Fantom (FTM) is trading at $1.03. Its price movements in the past seven days have traded between the upper and lower ends of $1.29 and $0.987, respectively. However, Fantom is still bullish on the larger timeframe, as it is currently up by over 61% in the past 30 days. 


An 18,000 projection from the current levels would require far more capital inflow than it did in 2021, when Fantom was trading around 1 cent. Regardless of how this 18,000% projection plays out, the Fantom price is on track to keep on its steady growth alongside the rest of the crypto market, especially if an altcoin seasoneventually rolls in.   FTM price breaks $1 psychological level | Source: FTMUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com

News Feed

Tom Mitchelhill10 hours agoYes, the Secret Service has an NFT collection, and no, it’s not for saleAgents from the U.S. Secret Service San Francisco Field Office have answered a burning question about its NFT collectio
Savannah Fortis11 hours agoMastercard AI-powered tool to help banks fight fraudMastercard revealed a new AI-driven tool available to banks for collecting insights to predict scams and frauds involving real-time payments.
Altcoin season brews as bullish trading pattern forecasts explosive price move
Nancy Lubale7 hours agoAltcoin season brews as bullish trading pattern forecasts explosive price moveAnalysts cite a classic trading pattern and growth in the altcoin total market capitalization index as proof of an upco
The Moss Piglet Dilemma: Paypal Bans Payments to Merchants Using the Word ‘Tardigrade’
The Moss Piglet Dilemma: Paypal Bans Payments to Merchants Using the Word ‘Tardigrade’The popular payment provider Paypal has been known for cutting off a number of merchants an
Matt Furie Adds to 2016 NFT Card Collection — ‘Rare Pepe Directory Is Complete,’ Says NFT Wallet Creator
Matt Furie Adds to 2016 NFT Card Collection — "Rare Pepe Directory Is Complete," Says NFT Wallet Creator About five years ago, Bitcoin.com News reported on the notorious Pepe the
Central Bank of Nigeria Governor Defends Decision to Exclude Crypto Players, Says the Order Is ‘in the Best Interests of Nigerians’
Central Bank of Nigeria Governor Defends Decision to Exclude Crypto Players, Says the Order Is "in the Best Interests of Nigerians" The governor of the Central B
Jesse Coghlan7 hours agoMetaverse tech gets US greenlight to use speedier 6GHz frequencyThe United States Federal Communications Commission made the decision amid a flurry of mixed reality devices hitting the market.1675
FivebalanceUSA Exploring Adding ShibaInu Token as an Additional Reward
FivebalanceUSA Exploring Adding ShibaInu Token as an Additional Reward press release PRESS RELEASE. Miami, FL – As the first and only company publicly known to date to use bl
Disgraced FTX Co-Founder Awaits Trial, Passes Time Playing Video Games and Blogging on His New Substack Newsletter
Disgraced FTX Co-Founder Awaits Trial, Passes Time Playing Video Games and Blogging on His New Substack Newsletter The former CEO of FTX, Sam Bankman-Fried (SBF), has published a S
Tristan Greene6 hours agoResearchers demonstrate ‘unconditionally secure’ quantum digital paymentsThe research represents a possible breakthrough in quantum communications and, potentially, the onset of the era of qu
Are the Bulls Still in Control? Bitcoin Faces Pressure After Massive Long Position Wipeout
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
‘AI Tools Will Provide Very Interesting Enhancements for the Metaverse’ — Upland Co-Founder
"AI Tools Will Provide Very Interesting Enhancements for the Metaverse" — Upland Co-Founder According to Dirk Lueth, co-founder of the Upland Metaverse, the colonization of the m