Fantom Price Prediction for Today, October 22 – FTM Technical Analysis

The Fantom price prediction is at $0.20 as the coin spikes above the upper boundary of the channel to touch the resistance level of $0.20.

Fantom Prediction Statistics Data:

• Fantom price now – $0.20
• Fantom market cap – $571.5 million
• Fantom circulating supply – 2.8 billion
• Fantom total supply – 3.1 billion
• Fantom Coinmarketcap ranking – #62

FTM/USD Market

Key Levels:

Resistance levels: $0.24, $0.25, $0.26

Support levels: $0.15, $0.14, $0.13

FTM/USD is trading around $0.20, and once it manages to surpass the potential resistance of $0.21, the next target is located at $0.22 where it could trade above the upper boundary of the channel. However, a push from here could send the price straight to around $0.23, but if the current level fails to hold strong, the Fantom (FTM) price could slip below the support level of $0.18.

Fantom Price Prediction: Is Fantom Ready for the Upside?

Looking at the daily chart, the Fantom bulls are returning into the market, if the buyers keep the Fantom price above the 9-day and 21-day moving averages, FTM/USD may cross above the channel to hit the resistance levels of $0.24, $0.25, and $0.26 respectively. In addition, any bullish movement above these key resistance levels may encourage further buying.

On the other hand, any bearish movement below the moving averages may touch the critical supports at $0.15, $0.14, and $0.13. Meanwhile, looking at the daily chart, Fantom may tend to follow an upward trend as the 9-day MA may cross above the 21-day MA, suggesting that the market may create additional bullish trends.

FTM/BTC Trades Above the Moving Averages

Against Bitcoin, the Fantom price may cross above the upper boundary of the channel to hit the resistance level of 700 SAT. Therefore, unless this resistance effectively holds and the price ends up closing above it, there might not be any reason to expect a bearish movement.

Meanwhile, if the coin decides to follow the bearish movement, it could refresh lows under 600 SAT. Therefore, a possible bearish continuation may meet the major support at 550 SAT and below. Meanwhile, if the coin crosses and stays above the channel, it could touch the potential resistance at 750 SAT and above.

Alternatives to Fantom

At the time of writing, the Fantom price is making a notable move, currently exchanging hands at $0.20. This positive momentum is underscored by a bullish crossover above the 9-day and 21-day moving averages. In the next positive move, Fantom is likely to cross above the upper boundary of the channel, where it could face increased resistance in its upward trajectory.

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