{"id":565298,"date":"2024-08-16T09:20:12","date_gmt":"2024-08-16T09:20:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=565298"},"modified":"2024-08-16T09:19:26","modified_gmt":"2024-08-16T09:19:26","slug":"fantom-price-prediction-ftm-top-trending-with-10-surge-but-experts-say-consider-this-p2e-crypto-for-exponential-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/fantom-price-prediction-ftm-top-trending-with-10-surge-but-experts-say-consider-this-p2e-crypto-for-exponential-gains","title":{"rendered":"Fantom Price Prediction: FTM Top Trending With 10% Surge, But Experts Say Consider This P2E Crypto For Exponential Gains"},"content":{"rendered":"

The Fantom price has surged 10% in the last 24 hours to trade at $0.3982<\/a> as of 3:25 a.m. EST on a 59% surge in trading volume to $274 million.<\/p>\n

This surge has positioned FTM as the top gainer among the top 100 coins, according to CoinMarketCap.<\/p>\n

 <\/p>\n

\"\"<\/p>\n

Fantom Price Analysis: Bulls Initiate A Rebound<\/h2>\n

The Fantom bulls have initiated a rebound within the bearish channel pattern after a prolonged downturn that has since hitting the resistance at $0.9514, seeing the profits of the bulls wiped out. However, the support zone at $ has provided the Bulls another chance to regroup and increase the price.<\/p>\n

\"Fantom<\/p>\n

FTMUSD Analysis Source: Tradingview<\/p>\n

The bulls’ resilience could drive the price above the bearish channel to new highs in the coming weeks. However, the simple moving averages (SMAs) pose a challenge. The 50-day SMA is just above the price, while the 200-day SMA is slightly further away. A breakout above the 50-day SMA could confirm the expected bull rally, with further validation if the price surpasses the 200-day SMA. Increased momentum could push the price above the bearish pattern, allowing the bulls to drive it higher.<\/p>\n

Moreover, the strong support level has also caused a rebound of the Relative Strength Index (RSI), which indicates a reversal on the 30 oversold levels flying to the 50 midline level, indicating intense bullying pressure for the Fantom price. This means that if the bulls are resilient in pushing the price up, the RSI could surge further into the overbought region of 70.<\/p>\n

Additionally, the Moving Average Divergence Convergence (MACD) is strongly rising from the ashes below the neutral level. The average blue line has also crossed above the orange signal line, indicating that the buying pressure may become intense in the upcoming days. The green histogram bars are also increasing and trading above the neutral position, signalling the bull rally ahead.<\/p>\n

Fantom Price Prediction: More Upside Coming<\/h2>\n

The bulls are determined to recover their losses as the price continues climbing towards the bearish channel’s upper boundary. This means that the more buying pressure there is, the closer the breakout will be, helping the bulls to fly the price to a new high of $0.7155 this month.  With increased momentum and volatility, Bulls could drive the price to reclaim the $1.25 high in the upcoming weeks.<\/p>\n

However, there is a higher possibility that the 50-day SMA might be resilient enough to allow the bears to drive the price to trade within the bearish momentum. Such a scenario would cause the bulls to look to the $0.2402 as a safe landing zone.<\/p>\n

A More Promising Alternative<\/h2>\n

As the bullish saga continues for the Fantom price, more investors flock to this classic 90s Tamagotchi token, the Playdoge (PLAY)<\/a>, which has raised over $6 million in funds in its presale.<\/p>\n

This has caught the attention of analysts, including popular YouTuber ClayBro, who is excited about PlayDoge’s meme coin nature and its inclusion of tokenization, predicting huge gains upon its launch.<\/p>\n