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Fantom Price Gains 37.1% to $0.701 – Where to Buy FTM

fantom
fantom

The broader crypto market is still facing heavy resistance preventing it from going to higher levels. However, this has not stifled the gains of some altcoins. Fantom is currently a leading gainer in the crypto charts with a double-digit uptrend in the past 24 hours, and it is edging closer to making a new all-time high.

Fantom is trading at $0.701 at the time of writing after a 37.1% gain in 24 hours.

Fantom Price Analysis

Fantom Price Analysis Aug 30
Source: Tradingview

Fantom’s price has spiked massively in the past 24 hours. During this period, prices have increased from around $0.50 to the current $0.70. The uptrend has happened despite the slight pullback happening in the broader market.

Buying support is currently high, and we could see Fantom rising to higher levels. The next resistance is at $0.72. It had tested this level in the past 24 hours, but it was rejected shortly after. The bullish rally is currently strong, and FTM could go to this level again. If buying pressure continues to hold, a rally towards $0.80 will be inevitable. If it makes a 26% gain from the current prices, FTM will have created a new all-time high.

On the other hand, market support is weakening, as most cryptocurrencies are trading in the green zone. If buyers decide to sell, a trend reversal in FTM prices will occur, and the altcoin will retest lower support levels of $0.66. A steep correction could also push prices to below $0.60.

The recent surge in FTM’s prices comes when the Fantom network is gaining increased adoption, increasing the total value locked (TVL) to new highs. Fantom currently has a TVL of around $406 million. Some of the major projects launched on the network include CurveFinance and SpookySwap, which have increased on-chain activity.

Where to Buy FTM

If you want to purchase FTM coins, you can open an account on the following exchange platforms:

  • eToro

If you are a beginner trader, eToro comes in as highly recommended. It increases your chances of making profits through social copy trading. eToro also offers user-friendly features and low trading fees and commissions.

  • Gate.io

You can also buy FTM from Gate.io. This exchange offers a user-friendly interface that is ideal for both beginner and expert traders. The exchange also supports a wide range of cryptocurrencies and trading pairs. Trading fees and commissions on this exchange are also competitive.

Looking to buy or trade Crypto now? Invest at eToro!

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