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FTMUSD Prediction The Fantom price soared to an ATH on Monday as demand for the asset soared. The FTM coin jumped to an all-time high of $1.30, bringing its total market cap to more than $3.2 billion. It has risen by more than 87% in the past seven days, which has propelled it to become the 48th biggest coin in the world. It is currently placed between Kusama and BitTorrent. Fantom is designed as a platform that enables developers to build custom decentralized finance applications. The network uses the Direct Acyclic Graph (DAG) smart contract platform that helps to improve the scalability of the network. The FTM is the primary token for the Fantom network. Its main utility is to secure the network using proof-of-stake technology. The four-hour chart shows that the FTM price has been in a strong bullish trend in the past few days. The rally accelerated after the coin jumped above the key resistance level at $0.5968, which was the highest level on August 22. On the four-hour chart, the coin managed to move above the 25-day and 50-day moving averages (MA) while the bullish momentum has continued. The price is also substantially above the ascending trendline shown in black. Therefore, the Fantom price will likely maintain the bullish trend so long as the price is above the 2 moving averages. The next key level to watch will be $1.400. On the flip side, a drop below $1.1200 will invalidate the bullish view.
FTX:FTMUSD
by thomasfullerofficial
FTM Blasts To ATH Amid Market Surge, What’s Next?
-FTM is up over 110% this week -Price has formed a potential rising wedge -FTM must hold the 20MA to continue rising
 Fantom had an amazing run over the last week as prices have surged over 100% to new ATH. A few days ago, Fantom announced a massive incentive program to reward DeFi developers. FTM committed over 300 Million US dollars to this fund to incentive developers to build on Fantom. This announcement led to a massive spike in the price of FTM as the crypto community found this to be a very bullish announcement. The overall market has been exploding as ETH just made a multi month high. 
 Over the last week, FTM has nearly doubled in price from $0.40 to $0.80. Throughout this run, it has successfully turned every resistance into a support. At the time of writing, FTM is nearing a break of its major support found at $0.844. Price must hold this mark to continue within its bullish run short term, although technicals are showing bearish signs. FTM must break & hold the major resistance zone from $0.90-$0.96 to be in the complete clear for another push. If this occurs, expect FTM to land right above $1.00. Considering that FTM is about to break its major support zone, we must view the potential bearish scenario. If FTM fails to hold its current support of $0.844, we should expect a pullback to $0.79 at minimum. Over the last few weeks, price action has formed a rising wedge formation. If this drop occurs on FTM, we have to be weary of a break of the bottom trend of this pattern. Anything below $0.76 will break this wedge & likely send FTM in a downtrend. Before this can happen, bears must push price below the 20MA which has held for over a week. While looking at the Stochastic RSI, we can see it has started its decent into oversold territory. If it curls back down below the 20 value, we should expect FTM to continue dropping. If it can break back above the 50 value, we should expect a test of the major resistance zone. While looking at the MACD we can see the MA’s are about to cross bearish & that will cause a sell off to occur. The MA’s have also created a bearish divergence which is starting to play out now.
 FTM Intraday Analysis Spot rate: $0.8455 Trend: Neutral Volatility: High Support: $29.06 Resistance: $30.27
by CoinGape
1
Fantom Big Move Coming Ahead?Dear Everyone, I hope on this day everyone is well! I want to share my analysis with the public to understand what has given me the evidence regarding the near future growth of $FTM. Why would it go up? - Technology adoption is increasing at an exponential rate ftmscan.com 10M transactions per month (50m total) 300k+ transaction per day $500m in locked assets Passionate and genius team - Growing projects on its Blockchain - Above moving averages + Stoch RSI - Lower time frame (4h) bullish diverange - Weekly MACD (looking so seeexy) - Found Support on MA 21 + Trend line Why would it go down? - Bitcoin drops - Harry Yeh selling all his tokens (one of main investor :P) - Many more reasons but very unlikely. Analysis 1. As you can see on the above chart, FTM has been retesting founding a support at the 21 MA and its trend line. Fib lvl 0.786 is a strong resistance and was a previous support before the market fell in mid-may. The 30% correction is a healthy indication that people are taking profits but $FTM is not ready to drop further. The 50MA and 200MA are going to cross and based on the history of fantom, it is a very significant bullish sign. 2. Stoch RSI is at the bottom ready for another move upwards. 3. RSI bullish divergence from higher lows 4. Weekly MACD is bullish 5. Despite not reaching high levels of volume $FTM is known to reach volume spikes when doing parabolic moves right after it consolidates. The accumulation from the past months has woken up a little and large volume spikes could happen anytime pushing $FTM to the unknown territory. PS: We can possibly see the end of this cycle reaching the 1.618 Fib lvl. with a volume of ~$7B and market price of $2.8-$3.1 If you have any suggestion or question feel free to share it in the comment section. Sebastien - Hilius Capital Managing Director
Long
by ssavi
2