Fantom Price Prediction: FTM price Soars 60%, Eyes To Hit $1?
After trading under an intense bearish sentiment for a brief period, the Fantom price has recorded a strong bullish reversal amid ongoing cross-border market recovery. Moreover, with a 60% surge within 30 days, investors are curious about the possibility of it achieving the $1 mark.Are you one of many who are planning on resurfacing altcoin? Dive in as, in this article, we have covered the in-depth research of Fantom (FTM) crypto token.FTM Price Forms A Rounding Bottom Pattern!This altcoin has jumped 12.82% in the past 24 hours with a trading volume of $397.53 million. Further, with a jump of 32.86% over the past week, the Fantom price is on the verge of experiencing a multi-pattern breakout in the 1D time frame, highlighting increased bullish action.TradingView: FTM/USDTNotably, it has formed a rounding bottom pattern and has continued to trade within it since June. Moreover, it has also formed a rising channel pattern after achieving the local low. Amid a bullish reversal and a trading price of $0.6416, it is hovering close to its resistance levels of the trend patterns.The EMA 50/200-day shows a bullish rise in the FTM price chart. Further, with a high possibility of a Golden Cross, the technical indicator suggests a positive outlook for the altcoin in the coming time.Moreover, the Relative Strength Index (RSI) has breached the overbought range in the 1D time frame with its average trendline recording a bullish curve. This indicates that the Fantom crypto will continue gaining value this week.Will Fantom Ever Recover?A bullish breakout could result in this altcoin heading toward its 3-month high of $0.680. Maintaining the price at that level will set the stage for the FTM price to head toward its upper resistance level of $0.840 during the upcoming weeks.On the flip side, a bearish reversal could pull the price of this Ethereum-based altcoin toward $0.5375. Furthermore, if the bearish sentiment intensifies, the Fantom crypto could retest its lower support trendline of the channel pattern.Curious about FTM’s price projections in the future? Read our Fantom Price Prediction 2024 – 2030 We'd Love to Hear Your Thoughts on This Article!Was this writing helpful?