Fantom Price Prediction for Today, February 10 – FTM Technical Analysis

The Fantom price prediction shows that FTM shoots to the upside as the bulls take the coin to higher levels.

Fantom (FTM) Dramatically up 6%

Late last year, Fantom (FTM) experienced a sudden surge, propelling the token’s value by over 60%. However, the return of the bear market has slowed down this positive momentum, leading to a 6.36% dip in the Fantom price over the past four weeks. Despite this setback, there was a slight recovery in momentum last week, with efforts made to surpass the $0.40 level.

Fantom Prediction Statistics Data:

• Fantom price now – $0.398
• Fantom market cap – $1 billion
• Fantom circulating supply – 2.8 billion
• Fantom total supply – 3.1 billion
• Fantom Coinmarketcap ranking – #60

FTM/USD Market

Key Levels:

Resistance levels: $0.55, $0.60, $0.65

Support levels: $0.25, $0.20, $0.15

FTM/USD is trading above $0.38 as the coin hovers above the 9-day and 21-day moving averages to touch the resistance level of $0.40. The Fantom price may continue to move upward if the price successfully crosses above the nearest resistance level of $0.45. Meanwhile, FTM/USD could reach the resistance level of $0.50 if the bulls focus on the upward trend.

Fantom Price Prediction: FTM/USD Gets Ready for a Spike

The Fantom price may spike to the positive side should the 9-day moving average cross above the 21-day moving average. Meanwhile, the buyers may need to increase the pressure to create additional gains within the channel.

Nonetheless, once the current market movement recovers the resistance level of $0.40, there is a higher chance that the coin may find the potential resistance levels at $0.55, $0.60, and $0.65. On the contrary, if the coin slides and crosses below the lower boundary of the channel, it could bring the coin to touch the critical supports at $0.25, $0.20, and $0.15respectively.

FTM/BTC Ranges

Against Bitcoin, the Fantom price is seen moving sideways and it may create additional gains if crosses above the 9-day and 21-day moving averages. However, if the current bullish movement continues, the next level of resistance may come into play, and this may cause FTM/BTC to locate the key resistance at 1200 SAT and above.

On the downside, FTM/BTC could face support at 750 SAT if crosses below the lower boundary of the channel. Beneath this, the critical support level could also be located at 520 SAT and below. At the moment, the 9-day MA remains below the 21-day MA, but any spike above this barrier may increase the bullish movement within the channel.

@SpiritualCrypt1 shared with his 5.3k followers on X (formerly Twitter) the opportunity to purchase #Fantom below $0.4, ahead of the hype and FOMO. Act now for the optimal timing. $FTM is poised for a 3x surge within 2 months, with a projected $2 valuation by the end of the year. Exciting developments with #FantomSonic on the horizon!

Buy #Fantom under $0.4, before the hype and Fomo.
Best time is now. $FTM about to do a 3x. Within 2 months. $2 by eoy. #FantomSonic coming. pic.twitter.com/MCPmOMCEOv

— Alpha-Wizz the king maker, gateway to #Crypto (@SpiritualCrypt1) February 8, 2024

Alternatives to Fantom

The Fantom price is on the rise, supported by bullish movement above key moving averages. If the trend continues, it could reach the upper boundary of the channel. Comparing Fantom to Bitcoin Minetrix, Fantom demonstrates stability with a $1 billion market cap, but its size may restrict short-term growth. Bitcoin Minetrix, having raised nearly $11 million in presale, hints at substantial and quick value appreciation despite its lower market cap.

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