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Fantom Price Prediction: Is FTM Price Going On A Bull Run Now?

 



The fantom price is extremely bullish and has increased by more than 227 percent since the year's beginning!


Fantom Price Prediction: FTM encounters opposition.

Nearly three weeks have passed since the last FTM course forecast. "The FTM course was able to successfully hold above the golden ratio support at around USD 0.2," we stated at the time. At that point, Fantom was able to make a bullish comeback and reach the 200-day EMA at about $0.34. Once there, FTM at first seems to encounter rejection from the bears.


Additionally, there is significant golden ratio resistance at about USD 0.32, which FTM is currently battling. Additionally, the MACD histogram is already moving in a bearish direction and the RSI is in extremely overbought regions. On the daily chart, the MACD lines are still crossed in a bullish manner.


The EMAs are still in a death cross, which supports the short- to medium-term bearish trend, despite this. ".

The FTM course couldn't have gotten the new year off to a more upbeat start. FTM appears to be copying the massive bullish monthly candle that Fantom formed in January. Around USD 0.738 is where FTM locates the next significant Fib resistance.


The following significant Fibonacci resistance is located at roughly USD 1 point 1, and if Fantom breaches this Fib level, it will do so. A bullish trend reversal is also indicated by the MACDs' histogram, which has been ticking higher and bullisher for a number of months, and by the possibility of the MACD lines crossing bullishly on the monthly chart.


Fantom must bullishly break the golden ratio at around $2 point 3 in order to enter a new bull cycle. Then, FTM might aim for new highs or an ATH of $3.15.

Fantom has already bullishly broken the 50-week EMA resistance at about USD 0.5 on the weekly chart. Additionally, the MACD lines are crossed bullishly in the weekly chart and the MACD histogram has been ticking higher and higher in a bullish manner for a number of weeks.


Despite gradually moving toward overbought regions, the RSI is still in neutral territory.

The daily chart is approaching a golden crossover, which would confirm the bullish trend in the short- to medium-term. Moreover, the daily chart's MACD lines and histogram are both crossing bullishly, and the histogram of the MACD is also rising bullishly.


On the daily chart, however, the RSI exhibits a bearish divergence. With that, FTM might experience bearish rejection and initiate a correction at the 0.382 Fib level around $0.738.

The EMAs are bullish crossed over in the 4H chart as well, confirming the trend as bullish in the near term. However, the MACDs' histogram is already trending downward in a bearish manner, and the MACD lines may cross in a bearish manner soon.


The 50-4H and 200-4H EMAs are the next significant Fib supports if Fantom is rejected bearishly at the 0.382 Fib resistance at about USD 0.738, which is also a significant Fib resistance. Following that, FTM might adjust to somewhere between USD 0.52 and USD 0.38.

Fantom is currently up against significant Fib resistance against BTC at the golden ratio near 0.000026 BTC. However, there is no sign of a correction in the weekly chart's MACD. Instead, the MACD histogram has been trending higher in a bullish direction for a number of weeks, and the MACD lines have also crossed in a bullish direction.


Despite gradually moving into overbought areas, the RSI does not exhibit any bearish divergence. The next significant Fib resistance is at around 0.000035 BTC and is waiting for FTM if it manages to break through the Fib resistance at around 0.000026 BTC.

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