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- 1 The FTM crypto is up 3.19% in intraday and was at $0.359 at the time of writing.
- 2 The daily chart shows a positive outlook above the 200-day EMA in the long term.
Fantom price edged higher on Monday kicking off yesterday’s losses. The crypto started the week on a positive note, indicating the buyers’ presence at the lower levels. The price has some more upside room until the 50-day EMA if the buyers are above the hold at the upper levels.
At the time of writing, the FTM crypto was at $0.359 recording an intraday rise of 3.19% in the past 24 hours. It has a market capitalization of 1.006 Billion USD. Moreover, the volume-to-market cap ratio is 3.48% suggesting low volatility.
Earlier, the FTM crypto took a rebound from the 200-day EMA after getting the buying volume inflow. The price jumped near the 50-day EMA from where the sellers again took control of the trend and the price dipped lower.
Moreover, the buyers are playing bullish bets on Monday due to which the crypto has been able to trim off the losses in the last couple of sessions. Now, if the price surpasses the 50-day EMA on the upper side, it may indicate the formation of a double bottom pattern. It may drive the price higher towards the $0.4 level.
Fantom Price Technical Analysis
Moreover, Fantom crypto reversed its course from bearish to bullish in October 2023 and started rising. The crypto traversed from a low of 0.22 USD to its peak value of 0.55 USD in the last week of December. FTM token gained over 140% from October to December 2023.
However, the FTM token could not resume its positive traction in the year 2024 and dropped lower breaking below the 20-day EMA. Recently, the crypto took a rebound after attempting to break below the 200-day EMA.
Currently, the Fantom price hovers between the 50-day and 200-day EMAs, suggesting an indecisive outlook at the moment. The buyers and sellers are in a tough fight and unable to get a clear direction. The breakout or breakdown on either side may decide the next momentum in the crypto.
Fresh downside moves might be observed on the FTM price chart if the sellers can break below the 200-day EMA on the downside.
Fantom Price Prediction February 2024
The most optimistic view of analysts assumes that the price may attain a high of $0.428 by the end of February 2024. However, the pessimistic view of analysts predicts that the price may slide below the recent support levels of $0.397.
Fantom Price Prediction 2024
The price forecast for the year 2024 is that the FTM token price could reach a high of $0.577, suggesting a potential gain of nearly 61.2%. On the other hand, the bearish outlook of the analysts predicts that the price could reach $0.475 by the end of the year.
Fantom Price Prediction 2025
By the year 2025, the Fantom price may attain $0.879 on the upper end. On the flip side, the minimum price up to which the crypto price may rise by the year 2025 is $0.641.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
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.
