The Fantom price prediction shows that FTM shoots to the upside as the bulls take the coin to higher levels.
Fantom Prediction Statistics Data:
- Fantom price now – $0.48
- Fantom market cap – $1.32 million
- Fantom circulating supply – 2.7 billion
- Fantom total supply – 3.1 billion
- Fantom Coinmarketcap ranking – #40
Resistance levels: $0.60, $0.62, $0.64
Support levels: $0.33, $0.31, $0.29
FTM/USD is trading above $0.45 as the coin trades above the 9-day and 21-day moving averages to touch the resistance level of $0.50. The Fantom may continue to move upwards if the price crosses above the upper boundary of the channel. Meanwhile, FTM/USD could reach the resistance level of $0.52 if the bulls focus on the upward trend.
Fantom Price Prediction: FTM Gets Ready for a Spike
The Fantom price may remain on the positive side should the 9-day moving average stays above the 21-day moving average. Meanwhile, the technical indicator Relative Strength Index (14) is also confirming the bullish movement as the signal line remains within the overbought region. Therefore, there is a higher chance that the coin may find the potential resistance levels at $0.60, $0.62, and $0.64.
On the contrary, if the coin slides and faces the lower boundary of the channel, any bearish movement below this barrier may bring the coin to reach the critical supports at $0.33, $0.31, and $0.29 respectively.
Against Bitcoin, the Fantom is likely to create additional gains as the coin may keep the coin above the 9-day and 21-day moving averages. However, if the bullish movement continues, the next level of resistance may surface, and this may cause FTM/BTC to locate the key resistance at 2500 SAT and above.
Meanwhile, on the downside, the Fantom price could face support at 1700 SAT. Beneath this, the critical support level could be located at 1500 SAT and below. At the moment, the 9-day MA remains above the 21-day MA as the technical indicator Relative Strength Index (14) moves within the overbought region to increase the bullish movement and traders are likely to expect more bullish pressure above the channel.
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- Source: https://insidebitcoins.com/news/fantom-price-prediction-for-today-january-26-ftm-usd-moves-bullishly-above-0-476