Over the past week, the Fantom price has risen by up to 13% (appx.). The technical indicators have been portraying a possible bullish rally out of a falling wedge pattern on the daily chart.
At press time, the FTM price was trading around at $0.8047. Besides, there are expectations, contingent on buyers’ strength, for the price to exceed the $1.0 mark. Beyond this price point, the door would open for more future optimism.
Since the FTM crypto has revealed recovery possibilities more clearer as the price rallied from a crucial demand level of around $0.65 on the chart.
Similarly, the fantom crypto looks set for an upcoming colossal surge, as it gears up to crack the resistance level of FTM and rocket to new peaks.
The Fantom asset is exhibiting bullish strength and rising capacity as it holds above major 20-day and 50-day EMA band's. Likewise, other technical tools of the FTM asset have also displayed bullish support, as MACD shows a bullish cross above zero line and the RSI was at 59.56 not near the 70 level yet, which exhibits it does not face much resistance and could extend its gains in the upcoming sessions.
At press time, the FTM crypto experienced a surge of 0.76% in the last 24 hours, trading at $0.8064. therefore, if the demand increases for the Fantom asset price, then it could shoot up from the current level. The next target, then would be to reach $1.00 and $1.20.
However, if the Fantom crypto price fails to stay above the $0.65 level, it could decline further and hit lower supports as well.
At press time, the FTM price was trading around at $0.8047. Besides, there are expectations, contingent on buyers’ strength, for the price to exceed the $1.0 mark. Beyond this price point, the door would open for more future optimism.
Since the FTM crypto has revealed recovery possibilities more clearer as the price rallied from a crucial demand level of around $0.65 on the chart.
Similarly, the fantom crypto looks set for an upcoming colossal surge, as it gears up to crack the resistance level of FTM and rocket to new peaks.
The Fantom asset is exhibiting bullish strength and rising capacity as it holds above major 20-day and 50-day EMA band's. Likewise, other technical tools of the FTM asset have also displayed bullish support, as MACD shows a bullish cross above zero line and the RSI was at 59.56 not near the 70 level yet, which exhibits it does not face much resistance and could extend its gains in the upcoming sessions.
At press time, the FTM crypto experienced a surge of 0.76% in the last 24 hours, trading at $0.8064. therefore, if the demand increases for the Fantom asset price, then it could shoot up from the current level. The next target, then would be to reach $1.00 and $1.20.
However, if the Fantom crypto price fails to stay above the $0.65 level, it could decline further and hit lower supports as well.