Skip to main content

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.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FireFaucet - An earning site that pays better for some than Cointiply

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin
Post a Comment
Read more

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

  MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne
Post a Comment
Read more