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- FTM has been in an uptrend for the past one month.
- A Golden crossover is about to take place on the daily chart.
The coin is at its major resistance level and is ready to give a big bull move. The Golden Crossover is also about to take place as we can see that 50 EMA is coming very close to 200 EMA and as soon as price rises a little more 50 EMA will cut 200 EMA from below and will indicate a buy signal.
FTM on daily time frame
The horizontal line marked on the daily chart shows that these levels are the major resistance for the coin and earlier also when price broke these levels it gave a huge bull move. We can expect a similar bull move here again. We can also see that price is consolidating at current levels which is a positive sign too before a bull move as after this consolidation breakout price will rise sharply because of new buyers coming into action.
MACD – The MACD indicator has produced a bullish crossover, signaling that the bullish sentiment is stronger than the bearish sentiment and that the price is expected to increase further. Therefore, it is clear from FTM’s daily chart that it has gained bullish momentum.
Analyst views and expectations
The coin may have a bull surge in the coming days as can be seen clearly from the daily chart. So as an investment choice, FTM should be tracked by both short-term and long-term investors. Investors should also keep in mind that the coin may face resistance at $0.8291.
The Fantom price forecast for 2026 is $13.345 and WalletInvestor’s price predictions and price research indicate a long-term increase. The revenue is anticipated to increase by about 467.4% over a five-year period.
Bitcoinwisdom.com for 2023 predicts a substantial gain in the second half of the year, possibly reaching $0.707750. The move upside will be moderate, much like other cryptocurrencies but no significant declines are expected. Although averaging $0.660567 in price is highly ambitious, it is feasible in the future due to plan partnerships and developments. The minimum value of FTM is anticipated to be $0.56620.
Technical Levels
Major resistance -$1.6510
Major support -$0.1758
Conclusion
For both short and long-term investors, the coin has the potential to generate some fantastic returns. As a result, it might be considered a smart investment choice.
Disclaimer: The opinions represented in this work along with any other opinions are presented primarily for informative purposes and are not intended to be taken as investment advice.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
