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Fantom Price Analysis: FTM Coin Bulls on Fire, Rises 81% in a Week

  • The FTM coin price is positive, around 25.0% during intraday.
  • The 24-hour trading volume is at $2,035 billion.
  • FTM/BTC pair is trading positive by 28.3% at 0.00004065 BTC.

The daily technical chart and price trend of FTM coin show a bullish trend. Based on the pivot point, the first support zone is 1.28 USD. Another way to watch it is that if it rushes, the resistance level to look at is 2.50 USD. Therefore, the chart created a bullish engulfing candlestick pattern during the day, and the cost is confident that it will remain upside with unwavering high strength.

The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost flies over the green ribbon. This guarantees a rise in Fantom until it is above the ribbon.

Trading volume (108.624 M) is below the 20-day moving average (244.343 M). The volume is moderate and increasing, so the cost is above the resistance point. Investors may also see the volume bar on the chart increases. This indicates that anomalous instability is common on subsequent trading days.

The Schaff Trend Cycle indicator (bullish) with a 99.32 represents a buy signal in the coin, projecting an uptrend. Additionally, Investors can see a green buy signal and an upward slope in the index.

Long-Term Perspective of The Price of FTM Coin

The weekly technical chart and price trend of FTM coin show a bullish trend. Based on the pivot levels, the support zone is 0.65 USDT. From another perspective, if it rushes upwards, the resistance level to look for is 3.75 USDT. Moreover, the graph shows the Heiken Ashi candles, representing a substantial upside potential in the asset’s price action.

So, The price of the Fantom today is $2.19 and the 24-hour trading volume is $2,035,311,411. FTM prices have risen 25.7% in the last 24 hours. It has a circulation of 2.5 billion FTM coins and a total inventory of 3.18 billion. The STC points to a buying signal, and the traders have prompted moderate volume. In fact, the cost is moving above the resistance levels. Similarly, the general outlook for the market is that the pattern will remain bullish over the following trading days.

Resistance Level: $2.50 & $3.75

Support Level: $0.65 & $1.28

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.