{"id":490871,"date":"2024-03-19T09:36:01","date_gmt":"2024-03-19T09:36:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=490871"},"modified":"2024-03-19T09:36:01","modified_gmt":"2024-03-19T09:36:01","slug":"fantom-price-prediction-ftm-defies-crypto-crash-with-6-surge-as-traders-eye-this-world-first-ar-vr-ico-for-100x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/fantom-price-prediction-ftm-defies-crypto-crash-with-6-surge-as-traders-eye-this-world-first-ar-vr-ico-for-100x-gains","title":{"rendered":"Fantom Price Prediction: FTM Defies Crypto Crash With 6% Surge As Traders Eye This World-First AR\/VR ICO For 100X Gains"},"content":{"rendered":"

The Fantom price rose 6% in the last 24 hours <\/span>to trade at $0.8547<\/span><\/a> as of 00:21 a.m. EST on trading volume that surged 84% to $709 million.<\/span><\/p>\n

This comes amid a crypto crash as BTC’s momentum slows and traders take profits from the recent rally. <\/span>The total cryptocurrency market capitalization plunged almost 8% to $2.37 trillion, according to <\/span>CoinMarketCap<\/span><\/a>.<\/span><\/p>\n

Fantom Price Bulls Aiming For A Breakout<\/span><\/h2>\n
\"Fantom
FTMUSD Chart Analysis Source: TradingView.com<\/figcaption><\/figure>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"FTM<\/p>\n

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.<\/span><\/p>\n

The green bars on the histogram also extend over the neutral line, which indicates that FTM is currently on a positive momentum.<\/span><\/p>\n

Fantom Price Prediction<\/span><\/h2>\n

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.<\/span><\/p>\n

FTM bulls are aiming to breach the $0.98 resistance as they target $1.2.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

5thScape: Revolutionizing The VR And AR Landscape, 365% Gains<\/span><\/h2>\n

The <\/span>5thScape (5SCAPE)<\/span><\/a> 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.<\/span><\/p>\n

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.<\/span><\/p>\n

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Join us NOW!!!!!#cryptocurrency<\/a> #Token<\/a> #5thscape<\/a> pic.twitter.com\/yNEeQrrbP1<\/a><\/p>\n

— 5th Scape (@5th_scape) March 16, 2024<\/a><\/p><\/blockquote>\n