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- 1 Fantom price prediction showcases the struggle of FTM crypto in gaining stability.
- 2 FTM crypto is trading below the 20, 50, 100, and 200-day Daily Moving averages.
- 3 The pair of FTM/BTC was at 0.00000911 BTC with an intraday gain of 1.80%.
Fantom price prediction suggests the consolidation phase of FTM cryptocurrency in the price range of $0.23 to $0.33. However, FTM has been trying to gather support at the current level to initiate its recovery phase over the daily time frame chart. Meanwhile, Fantom price has gained 39.01% year to date suggesting the maximum recovery of Fantom crypto in 2023.
Fantom price was at $0.2785 and gained 2.50% of its market capitalization during the day’s trading session. Trading volume increased by 22.80% during the intraday trading session. This demonstrates that buyers are trying to push FTM crypto prices toward the upper price range of the consolidation phase over the daily time frame chart. The volume-to-market cap ratio was at 0.0905.
When Will Fantom Price Reach $0.33 Level?
Fantom price prediction highlights the initialization of the recovery phase over the daily time frame chart. However, trading volume is still below average and needs to grow during the intraday trading session. Meanwhile, FTM crypto is trading below the 20, 50, 100, and 200-day Daily Moving Average.
Fantom price has slipped around 7.37% in a week and 45.77% in the last three months. For the time being, FTM crypto has surged around 13.26% in a month and 39.01% year to date.
Analysts believe that Fantom price maintains the current uptrend momentum and sustains at the primary resistance level of $0.30. Then Fantom price may continue the surge towards the $0.333 upper price range of the consolidation phase.
Technical indicators suggest the upside trend of the Fantom price. The relative strength index indicates the upward momentum of Fantom crypto price. RSI was at 45 and is heading towards neutrality.
MACD exhibits the uptrend momentum of FTM cryptocurrency. The MACD line is heading toward the signal line for a positive crossover.
Summary
Fantom price forecast indicates that the FTM cryptocurrency will enter a consolidation phase between $0.23 and $0.33. However, the intraday trading session’s trade volume has to increase as it is currently below normal. FTM cryptocurrency has currently increased by about 13.26% in a month and 39.01% year-to-date.
The Fantom price continues the pace of the present advance and holds steady at the main resistance level of $0.30, analysts predict. Technical indications point to an upward trend for the price of Fantom.
Technical Levels
- Support Levels: $0.2680 and $0.2575
- Resistance Levels: $0.30 and $0.3331
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
