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Fantom price prediction shows FTM at $0.815 as the coin moves above the 9-day moving average.
Fantom (FTM) Announces Significant 'Opera' Upgrade Amid Potential Price Rebound
Fantom has entered a new era with the official launch of its Opera update, following the necessary validation of Staked FTM. Recently, Fantom formed a strategic partnership with Google Cloud and announced the upgrade of its existing Opera channel after reaching the 66% consensus threshold.
Fantom prediction statistical data:
- Fantastic price now – $0.815
- Fantom market capitalization – $2.2 billion
- Fantom circulating supply – 2.8 billion
- Total phantom supply – 3.17 billion
- Fantom Coinmarketcap Ranking – #52
FTM/USD Market
Key levels:
Resistance Levels: $1,250, $1,300, $1,350
Support Levels: $0.450, $0.400, $0.350
FTM/USD is trading around $0.815, and once it manages to move above the potential resistance at $0.900, the next target lies at $1,000, where it could cross the upper boundary of the channel. However, a surge from there could send the price straight towards $0.900, but if the current level fails to hold, the Ghost (FTM) the price could fall below the $0.750 support level.
Fantom Price Prediction: Is Fantom Ready for the Upside?
Looking at the daily chart, Fantom bulls could enter the market, if the buyers push the coin above the 9-day moving average, FTM/USD could head towards the channel to reach the potential resistance levels of $1,250, $1,300 and $1,350. respectively. Additionally, any bullish movement above these key resistance levels could encourage further buying.
In other words, if there is a bearish movement below the lower boundary of the channel, it could touch the critical supports at $0.450, $0.400, and $0.350. Meanwhile, if the 9-day MA remains above the 21-day MA, Fantom may tend to trend upward, which could suggest that the market may create additional uptrends.
FTM/BTC consolidates within the Channel
Against Bitcoin, the Ghost the price may need to cross the upper boundary of the channel to reach the resistance level of 1500 SAT. Therefore, unless this resistance actually holds and the price eventually closes above this resistance, there is no reason to expect a bearish move.
Nonetheless, if the coin decides to follow the bearish move, it could refresh the lows below 1192 SAT and any possible bearish continuation below the lower boundary of the channel could meet the major support at 500 SAT and below. Meanwhile, if the coin heads higher, it could touch potential resistance at 1850 SAT and above. In this regard, the 9-day MA still stands above the 21-day MA, which could push the coin higher.
Additionally, @realijazawan shared with his 5,000 followers on X (formerly Twitter) that $FTM continues to trade above its local support level after a successful retest. He awaits further signals from Bitcoin, suggesting that a market rally could push $FTM to the next resistance level around the $1.22 range.
still trades above its local support level after
another successful testStill waiting for Bitcoin guidelines
A market rise could see a move towards the next resistance in the $1.22 range. pic.twitter.com/NokKIDeK7x
– Ijaz Awan (@realijazawan) May 29, 2024
Fantastic Alternatives
Fantom price is currently moving sideways, and a move above the 9-day moving average could attract buyers, potentially pushing the coin’s price beyond the upper boundary of the channel. Despite its stability and market capitalization of $2.2 billion, which places it 52nd in the crypto market, near-term growth may be limited. On the other hand, the Dogevers The token raised an impressive $15 million during its presale, suggesting the potential for rapid and significant value appreciation even with a lower market cap.
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