Price Movement – Fantom ( FTM):
Fantom (FTM) is one of the most promising and highly bullish projects because of its strong fundamentals. At the time of writing, FTM is being traded at the price of $2.91. The price of FTM has decreased by almost 5.91% in the past 24 hours. The daily trading volume has decreased by almost 19.89% in one day. FTM is listed on coinmarketcap at 33rd spot according to market capital and has a market dominance of about 0.26%.
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FTM before the crash had achieved it all-time high around the price of $0.9587 in May 2021. It later fell down to the price of $0.1530 during the crash and showed a reversal from there. Just like many other coins, FTM has been fast to recover created new all-time highs in no time. Its new all-time high is around the price of $3.48 in October.
FTM has a maximum supply of almost 3.175B tokens and has a circulating supply of 2.55B coins. FTM can be traded at a lot of different exchanges such as Binance, OKEx, Huobi with different trading pairs.
Technical Analysis- Fantom (FTM)
Fantom (FTM) is at a very critical point in my opinion. On the upper side, we have liquidity present which can drive the price upwards.
On the lower side, we have an order block. This order block has been mitigated, but due to the presence of imbalance below it is important to keep this level in mind.
Now if the price closes above the liquidity mark ($) in the next few days we can expect it to go higher after staying there for a while. But if the price fails to claim this level and drops below the order block we would be looking for a possible short down to the daily order block and to the imbalance as well.
The next few days are very important for the price of FTM.
Long Term Prediction – Fantom (FTM)
According to wallet investors, the price of FTM is highly bullish in nature and is a safe investment, and would continue to grow more and more. According to their predictions, FTM will reach a value of $4.681 in one year. For a five-year plan, FTM is expected to reach a value of $11.91133. But many people think it will be much more than that in the future.
