Fantom Price Prediction for Today, March 23 – FTM Technical Analysis

The Fantom price prediction shows that FTM slides to the downside after touching the monthly high of $1.22.

Fantom Price Poised to Revisit $1.77 as Co-founder Hints at New Milestones for FTM Blockchain

Fantom (FTM) is trading at $1.06 following a notable 119% surge over the past three weeks. While the broader crypto market is experiencing a downturn, this rapid ascent has momentarily halted. Nevertheless, technical indicators point towards a potential rally resumption, indicating a likely upward trajectory for FTM shortly.

Fantom Prediction Statistics Data:

• Fantom price now – $1.06
• Fantom market cap – $3 billion
• Fantom circulating supply – 2.8 billion
• Fantom total supply – 3.1 billion
• Fantom Coinmarketcap ranking – #43

FTM/USD Market

Key Levels:

Resistance levels: $1.40, $1.50, $1.60

Support levels: $0.75, $0.65, $0.55

FTM/USD is trading bearishly as the coin remains above the 9-day and 21-day moving averages which could still revisit the resistance level of $1.22. The Fantom price may continue to move upward if the price crosses above the channel’s upper boundary. Meanwhile, FTM/USD could reach the resistance level of $1.30 if the bulls focus on the upward trend.

Fantom Price Prediction: FTM/USD Could Gain More Upside

The Fantom price may spike to the positive side should the 9-day moving average remain above the 21-day moving average. Meanwhile, the bulls may need to resume back into the market so that the coin can gain more upside. However, any bullish cross above the previous resistance level of $1.22 may push the Fantom price to the upside.

Nonetheless, there is a higher chance that the coin may find the potential resistance levels at $1.40, $1.50, and $1.60. On the contrary, if the coin slides and heads toward the lower boundary of the channel, it could bring the coin to touch the critical supports at $0.75, $0.65, and $0.55 respectively.

FTM/BTC May Hit 2000 SAT Resistance

Against Bitcoin, Fantom may create additional gains if it crosses above the upper boundary of the channel. However, if the bullish movement resumes in the market, the next level of resistance may come into play, and this may cause FTM/BTC to locate the key resistance at 2200 SAT and above.

On the downside, FTM/BTC could face support at 1400 SAT. Beneath this, the critical support level could be located at 1200 SAT and below. At the moment, the 9-day MA remains above the 21-day MA, and any bullish cross above the upper boundary of the channel may push the coin to the positive side.

However, @hekmachine provided analysis on the movement of $FTM to his followers on X (formerly Twitter), highlighting that a breakout from the triangle pattern depicted on the chart could potentially lead to a price target of 1.6 for #Fantom $FTM.

Breakout of this triangle and we will see 1.6 for #Fantom $FTM.#FTM #FantomSonic pic.twitter.com/D95JbzukFw

— Hekmachine (@hekmachine) March 20, 2024

Alternatives to Fantom

The Fantom price is currently on the rise, staying above the 9-day and 21-day moving averages. Continued upward momentum could lead to the coin’s price breaking through the upper boundary of the channel. Despite its stability, with a market cap of $3 billion, Fantom ranks 43rd in the crypto market, potentially limiting short-term growth. Conversely, Bitcoin Minetrix has raised a substantial $12.5 million in its presale, hinting at the potential for rapid and significant value appreciation, despite its lower market cap.

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More investors are to be part of the groundbreaking $BTCMTX revolution, as it has already raised over $12.5 million in its presale, signaling immense investor confidence in its potential. With unparalleled growth prospects, early entry advantages, and vibrant community backing, $BTCMTX is poised to redefine the cryptocurrency landscape.

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