The Fantom price prediction is at $0.238 as the technical indicator Relative Strength Index (14) stays above the 60-level.
Fantom Prediction Statistics Data:
- Fantom price now – $0.238
- Fantom market cap – $605 million
- Fantom circulating supply – 2.5 billion
- Fantom total supply – 2.5 billion
- Fantom Coinmarketcap ranking – #65
Resistance levels: $0.300, $0.320, $0.340
Support levels: $0.170, $0.150, $0.130
FTM/USD is trading around $0.235, and once it manages to surpass the potential resistance of $0.250, the next target is located at $0.270 where it could trade above the upper boundary of the channel. However, a push from here could send the price straight to around $0.280, but if the current level fails to hold strong, the Fantom (FTM) price could slip below the support level of $0.200.
Fantom Price Prediction: Is Fantom Ready for the Upside?
Looking at the daily chart, the Fantom bulls are coming back into the market, if the buyers keep the Fantom price above the 9-day and 21-day moving averages, FTM/USD may cross above the channel to hit the resistance levels of $0.300, $0.320, and $0.340 respectively. In addition, any bullish movement above these key resistance levels may encourage further buying.
In other words, any bearish movement below the moving averages may touch the critical supports at $0.170, $0.150, and $0.130. Meanwhile, looking at the technical indicator Relative Strength Index (14), Fantom may exhibit the tendencies to follow an upward trend as the coin moves above the 60-level, suggesting that the market may create additional bullish trends.
When compares with Bitcoin, the Fantom price crosses above the upper boundary of the channel to hit the resistance level of 1459 SAT. Therefore, unless this resistance effectively holds and the price ends up closing above it, there might not be any reason to expect a bearish movement.
Should that be the case, if the coin decides to follow the bearish movement, it could refresh lows under 1300 SAT. Therefore, a possible bearish continuation may meet the major support at 1200 SAT and below. Meanwhile, if the coin crosses and stays above the channel, it could touch the potential resistance at 1600 SAT and above. More so, the technical indicator Relative Strength Index (14) moves into the overbought region, suggesting more bullish signals.
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