Fantom Price Prediction for Today, December 24 – FTM Technical Analysis

The Fantom price prediction may continue to show a bullish movement if the market could stabilize above the moving averages.

Fantom Prediction Statistics Data:

• Fantom price now – $0.49
• Fantom market cap – $1.48 billion
• Fantom circulating supply – 2.80 billion
• Fantom total supply – 3.17 billion
• Fantom Coinmarketcap ranking – #51

FTM/USD Market

Key Levels:

Resistance levels: $0.60, $0.65, $0.70

Support levels: $0.40, $0.35, $0.30

FTM/USD has demonstrated upward momentum in recent days, consistently maintaining levels above both the 9-day and 21-day moving averages. Additionally, for the Fantom price to further ascend, it must surpass the channel’s upper boundary. Once achieved, traders can anticipate a continuation of the upward trajectory.

Fantom Price Prediction: Fantom Price Could Shoot to the North

The daily chart indicates that the Fantom price is striving to establish a positive momentum. Traders might anticipate a bullish continuation, aiming for the upper boundary of the channel and potentially testing the resistance level of $0.55. Additionally, the 9-day moving average remains positioned above the 21-day moving average, suggesting possible resistance levels at $0.60, $0.65, and $0.70.

However, should the Fantom price sustain its upward channel trajectory, traders could observe further bullish trends in upcoming sessions. Conversely, a bearish scenario might unfold if the price retreats below the lower boundary of the channel, potentially bringing the coin toward long-standing support levels at $0.40, $0.35, and $0.30.

FTM/BTC Trades at 1134 SAT

Against Bitcoin, the Fantom price follows the bullish movement as the coin moves to the upside. However, if the coin crosses above the upper boundary of the channel, the market is likely to keep releasing more bullish pressure as the 9-day MA remains above the 21-day MA, which indicates that more bullish signals are likely to play out.

In other words, if FTM/BTC falls and slides below the lower boundary of the channel, it may bring the coin to the nearest support at 1000 SAT, any further bearish movement could lower the price to the support level of 850 SAT and below. Nevertheless, if the coin continues to follow a bullish movement and heads to the upside, traders could see a bull run to the resistance level of 1400 SAT and above.

Fantom Alternatives

The Fantom price is undergoing a significant upward movement, currently trading at $0.49. This positive trend is reinforced by a bullish movement above the 9-day and 21-day moving averages. Meanwhile, if Fantom continues its positive momentum, there’s a likelihood of it surpassing the upper boundary of the channel. However, it’s important to note that this upward trajectory might encounter heightened resistance at that point.

Meanwhile, when contrasting Fantom (FTM) with the rising token Bitcoin Minetrix, Fantom demonstrates stability, boasting an established market cap of $1.4 billion. However, it may lack the short-term growth opportunities of Bitcoin Minetrix, which has already raised almost $6 million during its presale phase. Although Bitcoin Minetrix currently holds a lower market cap, it hints at the potential for substantial and swift appreciation in value.