{"id":606379,"date":"2024-05-04T00:05:18","date_gmt":"2024-05-04T00:05:18","guid":{"rendered":"https:\/\/uniquehot.com\/?p=606379"},"modified":"2024-05-03T13:29:54","modified_gmt":"2024-05-03T13:29:54","slug":"fantom-revival-1-2-ftm-price","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/fantom-news\/fantom-revival-1-2-ftm-price\/","title":{"rendered":"Fantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price"},"content":{"rendered":"

Fantom (FTM)<\/a> had initially reclaimed the $1 level back in March and expectations were that the coin would rise to $2. But that was before the market crash sent prices spiraling, and Fantom lost almost 50% of its value during this time. However, all hope is not lost of for the coin, as one crypto analyst expects a return of the bullish momentum as long as certain conditions are met.<\/p>\n

Fantom Searching For Support<\/h2>\n

Crypto analyst MyCryptoParadise took to TradingView to share<\/a> their analysis on the Fantom price and how it could see a recovery. After the price fell to $0.56, the altcoin began to look for support, which would serve as a bounce-off point, and the analyst revealed that the altcoin is actually getting closer to this support.<\/p>\n

Related Reading: Ripple Unlocks 1 Billion XRP From Escrow \u2013 How Will This Impact Price?<\/a><\/div>\n

For now, the support lies at $0.5679, which is the point that bulls need to hold to confirm a bullish breakout. Following a rejection at the $0.79 resistance, this point has become even more important to hold, as the FTM price searches for \u201crenewed momentum.\u201d<\/p>\n

\u201cShould FTM<\/a> successfully find support and bounce from this level, it could potentially form a double bottom pattern, with the neckline acting as resistance around the 0.798 mark,\u201d the crypto analyst said, highlighting the importance of finding support.<\/p>\n

In the event of a breakout, the analyst expects at least a 100% move from here. The first major level to break it the $1 level, and then after that, the crypto analyst sees the price going as high as $1.2 as long as the trend is confirmed.<\/p>\n

\"FTM<\/p>\n

Source: TradingView.com<\/pre>\n
FTM Could Break Down Further<\/h2>\n
On the flip side of this, the crypto analyst also identifies a scenario where the Fantom price could continue to break down. In the event that the altcoin<\/a> is unable to find support above $0.56 and breaks through it instead, the bloodbath could continue.<\/p>\n
Related Reading: Crypto Analyst Says Bitcoin Must Hold Above $51,800 As ETF Outflows Trigger Crash<\/a><\/div>\n
The bearish continuation which the analyst sees in a situation like this will send the price below $0.5 eventually. The support for the FTM price<\/a> then lies at the next Bullish OB area, which the crypto analyst identifies to be around $0.449.<\/p>\n
\u201c\ud83d\udc8e Reclaiming the support at 0.568 would be crucial for FTM to maintain its bullish momentum,\u201d the analyst said. \u201cShould FTM fail to bounce even after reaching the Bullish OB area, it would signal a bullish invalidation, indicating a continuation of the bearish trend.\u201d<\/p>\n
Presently, the Fantom price<\/a> is trending above support at $0.6641. However, it is down 3% in the last day with 10% losses in the last week.<\/p>\n
\"Fantom<\/p>\n
FTM price continues to recover | Source: FTMUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Analytics Insight, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Fantom (FTM) had initially reclaimed the $1 level back in March and expectations were that the coin would rise to $2. But that was before the market crash sent prices spiraling, and Fantom lost almost 50% of its value during this time. However, all hope is not lost of for the coin, as one crypto analyst expects a return of the bullish momentum as long as certain conditions are met. Fantom Searching For Support Crypto analyst MyCryptoParadise took to TradingView to share their analysis on the Fantom price and how it could see a recovery. After the price fell to $0.56, the altcoin began to look for support, which would serve as a bounce-off point, and the analyst revealed that the altcoin is actually getting closer to this support. Related Reading: Ripple Unlocks 1 Billion XRP From Escrow \u2013 How Will This Impact Price? For now, the support lies at $0.5679, which is the point that bulls need to hold to confirm a bullish breakout. Following a rejection at the $0.79 resistance, this point has become even more important to hold, as the FTM price searches for \u201crenewed momentum.\u201d \u201cShould FTM successfully find support and bounce from this level, it could potentially form a double bottom pattern, with the neckline acting as resistance around the 0.798 mark,\u201d the crypto analyst said, highlighting the importance of finding support. In the event of a breakout, the analyst expects at least a 100% move from here. The first major level to break it the $1 level, and then after that, the crypto analyst sees the price going as high as $1.2 as long as the trend is confirmed. Source: TradingView.com FTM Could Break Down Further On the flip side of this, the crypto analyst also identifies a scenario where the Fantom price could continue to break down. In the event that the altcoin is unable to find support above $0.56 and breaks through it instead, the bloodbath could continue. Related Reading: Crypto Analyst Says Bitcoin Must Hold Above $51,800 As ETF Outflows Trigger Crash The bearish continuation which the analyst sees in a situation like this will send the price below $0.5 eventually. The support for the FTM price then lies at the next Bullish OB area, which the crypto analyst identifies to be around $0.449. \u201c\ud83d\udc8e Reclaiming the support at 0.568 would be crucial for FTM to maintain its bullish momentum,\u201d the analyst said. \u201cShould FTM fail to bounce even after reaching the Bullish OB area, it would signal a bullish invalidation, indicating a continuation of the bearish trend.\u201d Presently, the Fantom price is trending above support at $0.6641. However, it is down 3% in the last day with 10% losses in the last week. FTM price continues to recover | Source: FTMUSDT on Tradingview.com Featured image from Analytics Insight, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":606410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92002],"tags":[167,6664,26263,14690,9376,92004,89676,43491,92005,86580,87826,85756],"class_list":["post-606379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fantom-news","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-fantom","tag-fantom-news","tag-fantom-price","tag-ftm","tag-ftm-news","tag-ftm-price","tag-ftmusd","tag-ftmusdt"],"acf":[],"yoast_head":"\nFantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price<\/title>\n<meta name=\"description\" content=\"Fantom (FTM) had initially reclaimed the $1 level 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Fantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price","url":"http:\/\/uniquehot.com\/news\/fantom-news\/fantom-revival-1-2-ftm-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/fantom-news\/fantom-revival-1-2-ftm-price\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/Fantom-FTM.jpeg?resize=200%2C186","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/Fantom-FTM.jpeg?fit=271%2C186"},"articleSection":"Fantom","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","fantom","fantom news","fantom price","ftm","ftm news","ftm price","ftmusd","ftmusdt"],"dateCreated":"2024-05-04T00:05:18Z","datePublished":"2024-05-04T00:05:18Z","dateModified":"2024-05-04T00:05:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Fantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/fantom-news\\\/fantom-revival-1-2-ftm-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/fantom-news\\\/fantom-revival-1-2-ftm-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Fantom-FTM.jpeg?resize=200%2C186\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Fantom-FTM.jpeg?fit=271%2C186\"},\"articleSection\":\"Fantom\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"fantom\",\"fantom news\",\"fantom price\",\"ftm\",\"ftm news\",\"ftm price\",\"ftmusd\",\"ftmusdt\"],\"dateCreated\":\"2024-05-04T00:05:18Z\",\"datePublished\":\"2024-05-04T00:05:18Z\",\"dateModified\":\"2024-05-04T00:05:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/Fantom-FTM.jpeg?fit=271%2C186","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/606379"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=606379"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/606379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/606410"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=606379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=606379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=606379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}