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FTM/USD Push for a Breakout Above $0.255 Level

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The Fantom price prediction shows that FTM remains in the green as the coin market could gain from the increased buying pressure.

Fantom Prediction Statistics Data:

  • Fantom price now – $0.246
  • Fantom market cap – $627.6 million
  • Fantom circulating supply – 2.5 billion
  • Fantom total supply – 2.5 billion
  • Fantom Coinmarketcap ranking – #60

FTM/USD Market

Key Levels:

Resistance levels: $0.320, $0.340, $0.360

Support levels: $0.190, $0.170, $0.150

FTMUSD – Daily Chart

FTM/USD is now moving to cross above the upper boundary of the channel after touching the daily high at $0.255 during the European session today. The coin may continue to move upwards if the price crosses above the channel. Therefore, Fantom (FTM) may stay on the positive side and the price could touch the nearest resistance level of $0.300 in the next positive direction.

Fantom Price Prediction: Fantom May Break Short-Term Resistance

According to the daily chart, the Fantom price is likely to break out of the range and move to the upside as the technical indicator Relative Strength Index (14) moves to cross above the 60-level. But, should the coin slide below the 21-day moving average, there is a higher chance that FTM/USD may find support at $0.190 $0.170, and $0.150. From above, the coin may cross the channel to locate the resistance levels at $0.320, $0.340, and $0.360 respectively.

Against Bitcoin, the recent price decline in the market could place the Fantom price in a downward trend after the price failed to cross above the 9-day moving average. Looking at a short-term bear market, the 1100 SAT and below could provide a support level for the next selling pressure if the coin crosses below the 21-day moving average.

FTMBTC – Daily Chart

Nevertheless, after touching the resistance level of 1426 SAT, the bulls may begin to dominate the market and could push the market price to the north. On that note, if the support level of 1310 SAT can act as a solid line of defense for the bulls; the resistance level of 1700 SAT and above could play out. Similarly, the technical indicator Relative Strength Index (14) is likely to cross above the 60-level to increase the bullish movement.

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