bullish

Bitcoin

Fantom (Migrated to Sonic)

<p>Despite the sudden increase in volatility in the crypto market, as Bitcoin struggles to eclipse the $100,000 barrier, the altcoins are sustaining a bullish trend. The FTM price has increased nearly 35% over the past 7 days and has reached a market cap of $2.7 billion.&nbsp;</p>   
<p>Currently, the Fantom price is heading to reclaim the $1 psychological mark as the underlying bullish sentiments are on the rise. Will this $1 breakout result in a parabolic price surge in the FTM price trend? Let's find out in Coinpedia's latest Fantom price analysis.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-fantom-price-performance"><strong>Fantom Price Performance</strong></h2>   
<p>In the daily chart, the FTM price action showcases a streak of four consecutive bullish candles. The streak started from the 100-day EMA near the $0.64 mark and peaked at the $1 psychological mark. This accounts for a 56.49% price surge in just four days.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/25132205/image-16-1024x509.webp" alt="Fantom Price Performance" class="wp-image-384914">
</figure>   
<p><a href="https://www.tradingview.com/x/OIfpNnNZ/" target="_blank" rel="noreferrer noopener nofollow">TradingView</a></p>   
<p>However, the intraday pullback of 3.90% reveals the massive overhead supply absorbing the demand surge. The FTM price analysis showcases a resistance trendline breakout surpassing the 78.60% Fibonacci level at $0.9610.&nbsp;</p>   
<p>The intraday pullback comes as a potential retest of the breakout rally, increasing the post-retest reversal bull run chances. With the resistance trendline breakout, the FTM price trend has outgrown the rising channel pattern and is likely to reach the $1.14 neckline.&nbsp;</p>   
<p>This will complete the rounding bottom reversal and increase the chances of a new 52-week high.&nbsp;</p>   
<p><strong>Technical Indicators</strong>:</p>   
<p><strong>EMA:</strong> Supporting the bullish chances, the 50-day, 100-day, and 200-day EMA are in a positive alignment.&nbsp;</p>   
<p><strong>MACD: </strong>The MACD indicator showcases the average line skyrocketing with the surge of bullish histograms. Hence, the technical indicators are maintaining a buy signal for Fantom.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-will-ftm-price-hit-1-66"><strong>Will FTM Price Hit $1.66?</strong></h2>   
<p>Currently, the 52-week high stands at $1.2291, revealing an upside chance of nearly 30%. The Fibonacci levels paint an optimistic target at $1.3748, followed by the $1.66 resistance level.&nbsp;</p>   
<p>If the FTM price fails to sustain above the $0.96 mark, the downfall could retest the broken resistance trendline near the $0.85 level.</p>   
<p>Will the FTM price rally result in a jump to the $2 mark? Find out now in Coinpedia’s latest <a href="https://coinpedia.org/price-prediction/fantom-ftm-price-prediction/" target="_blank" rel="noreferrer noopener">Fantom price prediction</a>.</p>   
<h2 class="wp-block-heading" id="strong-faqs-strong"><strong>FAQs</strong></h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732521172879">
  <strong class="schema-faq-question"><strong>What is the recent performance of FTM?</strong></strong> 
  <p class="schema-faq-answer">FTM has surged nearly 35% in the past 7 days, with a 56.49% increase in just four days, reaching the $1 psychological mark.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732521179292">
  <strong class="schema-faq-question"><strong>What is the next key target for FTM?</strong></strong> 
  <p class="schema-faq-answer">If the $1 breakout holds, FTM is likely to reach $1.14, completing a rounding bottom reversal, and possibly a new 52-week high at $1.2291.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732521179907">
  <strong class="schema-faq-question"><strong>What are the downside risks for FTM?</strong></strong> 
  <p class="schema-faq-answer">A failure to sustain above $0.96 could lead to a retest of the broken resistance trendline near $0.85.</p> 
 </div> 
</div>

With a $1 Breakout, Can Fantom (FTM) Price Reach $1.66?

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