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coinpedia 2025-01-11 08:25:05

Fantom Price Maintains $0.70 Support, Eyes To Hit $1 This Month?

Fantom Price Maintains $0.70 Support, Eyes To Hit $1 This Month?

The post Fantom Price Maintains $0.70 Support, Eyes To Hit $1 This Month? appeared first on Coinpedia Fintech News The Fantom price has dropped by 12.86% in the last 11 days, highlighting increased selling pressure for the altcoin in the crypto market. However, the bulls maintained the value above the $0.70 mark. This resulted in the altcoin experiencing a positive bounceback. Will the crypto bulls maintain their optimistic sentiments, to help the FTM crypto price reclaim its $1 mark this month? In this article, we have covered the short-term market sentiment, price analysis, and possible short-term price targets of the Fantom (FTM) crypto token. FTM Price Records Bullish Reversal! The Fantom price has jumped over 3% in 24 hours with a trading volume of $228.57 million, a change of +4.89%. Notably, this altcoin has displayed a significant price action over the past few days, highlighting increased price action. TradingView: FTM/USDT The Simple Moving Average (SMA) constantly acts as a resistance to the FTM price chart in the daily time frame. This suggests an increase in the selling-over-buying pressure in the crypto market. On the other hand, the MACD indicator shows a constant decline in the red histogram. Further, its averages hint at a potential bullish convergence. This highlights a mixed price sentiment for the altcoin during the upcoming week. Will FTM Price Hit $1? If the bullish sentiment sustains, the Fantom coin price could retest its resistance level of $0.80. Maintaining the price above that level could set the stage for this altcoin to head toward its target price of $1 this month. On the contrary, if the bears regain momentum, the FTM crypto price could record a bearish reversal. This could result in the price of Fantom plunging toward its crucial support trendline of $0.60. To find out answers to questions like “Can FTM reach $50?” Read CoinPedia’s Fantom Price Prediction to uncover the potential mysteries until 2030! FAQs Will FTM reach $3? The Fantom price could achieve this price tag by the year 2026 if the bullish sentiment sustains. How much is Fantom today? With a 24-hour trading volume of $232.52 million, the FTM token is currently trading at $0.7012. Is FTM coin a good investment? With an ATH of $3.48, this altcoin is highly undervalued as of now. This potentially makes this a good investment for the long-term prospects.

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