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The Fantom price rose 6% in the last 24 hours to trade at $0.8547 as of 00:21 a.m. EST on trading volume that surged 84% to $709 million.
This comes amid a crypto crash as BTC’s momentum slows and traders take profits from the recent rally. The total cryptocurrency market capitalization plunged almost 8% to $2.37 trillion, according to CoinMarketCap.
Fantom Price Bulls Aiming For A Breakout
Fantom has been gaining massively, recording a 108% increase in the last 30 days, allowing the bulls to hit the resistance at $0.98. However, this rejection allowed the bears and the bulls to start a struggle, with the price fluctuating within the boundaries of the symmetrical triangle, looking to break out.
FTM is trading well above the 50-day and 200-day Simple Moving Averages (SMA), which suggests that the breakout may happen to the upside, as the bulls may utilize this indicator to push the price.
Additionally, the RSI is trading around the 50-midline level at 49, which suggests that the price is trading in equilibrium as it prepares for a breakout.
Moreover, the Moving Average Convergence Divergence (MACD) is also bullish as the moving average line (blue) crosses above the signal line, which represents a bullish crossover. Investors often use a bullish crossover as a signal to add to their buys, which may suggest that the looming breakout may be to the upside.
The green bars on the histogram also extend over the neutral line, which indicates that FTM is currently on a positive momentum.
Fantom Price Prediction
The Fantom price analysis shows that FTM is currently in equilibrium as it tries to break over the upper boundary of the symmetrical triangle. Both the RSI and MACD support this sentiment, as it calls for more buys from investors.
FTM bulls are aiming to breach the $0.98 resistance as they target $1.2.
However, the RSI is currently moving to the south towards the oversold region. This may indicate that the price may also break the lower boundary. If this happens, the bears may take control of the price, driving it through a retrace to the support zone around $0.7244.
Meanwhile, as the bulls aim for a trend reversal, investors looking to diversify their portfolio may want to consider 5thScape, a new presale that is attracting significant market interest.
5thScape: Revolutionizing The VR And AR Landscape, 365% Gains
The 5thScape (5SCAPE) project aims to develop the first AR and VR crypto ecosystem that connects the brightest minds. The team has already set out a strategy for project development that encompasses VR games, hardware, and animations.
Such an interesting outlook for the token is already garnering a huge following, with its presale securing over $1.5 million in funding as it closes in on its $2.5 million goal.
Join us NOW!!!!!#cryptocurrency #Token #5thscape pic.twitter.com/yNEeQrrbP1
— 5th Scape (@5th_scape) March 16, 2024
Additionally, the team is also committed to developing several VR games compatible with widely used headsets like Oculus Rift and Meta Quest 3, adding utility to the token and ensuring maximum market penetration.
Buy $5SCAPE Now, Earn Passive Income
You can stake $5SCAPE tokens and earn rewards by actively engaging in the project. The project also paves the way to exploring the future of gaming by engaging in the platform’s play-to-earn feature, which allows you to earn passive income.
Plans are already set to develop games including MMA Cage Contest, Immersive Kickoff, Thrust Hunter, and Archery Master.
We are excited to reveal the first look of the characters of our upcoming VR game, Cage Conquest! Meet the fighters who will challenge you in the ultimate UFC experience. Which one is your favorite? #CageConquest #5scape #Crypto #Bybit $NVDA #Ethereum $SYS pic.twitter.com/PUUdsbWWIi
— 5th Scape (@5th_scape) February 21, 2024
According to Michael Wrubel, a prominent crypto YouTuber, 5thScape may be the next Sandbox and has the potential to surge 100X on launch.
$5SCAPE has been set to launch at $0.01, so if you buy now you will be up 365% from the current purchase price of $0.00215. This price will increase in less than five days, so hurry up and catch the best deal.
If you think that’s too good an opportunity to pass up, join the presale by swapping ETH, MATIC, USDT, or BNB for 5SCAPE tokens with a digital wallet on the official site, or buy directly with a bank card.
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