Fantom Crypto Price Prediction – Will FTM Keep Pumping?
Disclaimer: The Industry Talk section contains insights from crypto industry players and is not part of the editorial content of Cryptonews.com.
Fantom (FTM) crypto has pumped massively in the last 24 hours, increasing in price by over 30%. Euphoria and excitement hits the crypto markets again as many major altcoins press green lights on the price lists.
Will Fantom (FTM) keep pumping and what other altcoins look promising for the next few months ahead?
Fantom (FTM) Crypto Price Prediction
Fantom (FTM) crypto has been trading sideways for quite some time between the price of $0.19 and $0.28 for a few weeks now. Currently, the price of Fantom (FTM) crypto is $0.264 after positive price momentum in the last few hours.
Although Fantom (FTM) crypto is still down over 90% from its all-time high set in October 2021, I still think there could be good odds for a recovery within the next crypto bull run.
The current trading prices of Fantom (FTM) crypto are also nostalgic of the prices before the main parabolic bull run back in 2021, between May and July 2021.
This could reflect that the current undervalued price of Fantom (FTM) crypto is a big buy zone and could play well when it holds long-term until the next crypto bull run.
The chart above reflects a key buy zone where Fantom (FTM) crypto found support back in July 2021. This particular price level could have been attractive to whales or dollar cost averaging retail investors.
I also speculate that Fantom (FTM) crypto may be on the verge of forming a double bottom reversal pattern, typically this is a bullish pattern where we expect a massive pump until the upside of the neck (resistance) is broken.
As we can see, the FTM was earlier rejected at the $0.418 resistance level and pushed another swing low into the buy zone during September.
We can speculate that Fantom (FTM) and the bullish sentiment around it could be enough momentum to bring the price back to the double neck of $0.417.
The more times a resistance level is tested, the more likely it is that the price of the given asset or security will break through.
If the bottleneck breaks, we could see the price of Fantom (FTM) crypto pump up to about $0.61 in the next few weeks or months.
Of course, this depends on the sentiment of the entire blockchain markets and the trajectory of Bitcoin.
Phantom Crypto (Video Analysis)
According to Coinmarketcap Fantom (FTM), crypto now has a market cap of $671 million. While I don’t think there will be any big moves this year, at the next bull run we could still potentially see 5-10x from current price levels, perhaps between $1.50 and $3.
Dash 2 Trade to outperform FTM Crypto
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