{"id":626995,"date":"2024-06-29T15:30:49","date_gmt":"2024-06-29T15:30:49","guid":{"rendered":"https:\/\/uniquehot.com\/?p=626995"},"modified":"2024-06-29T07:55:55","modified_gmt":"2024-06-29T07:55:55","slug":"ethereum-competitor-fantom-1-2","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/fantom\/ethereum-competitor-fantom-1-2\/","title":{"rendered":"Crypto Analyst Says Ethereum Competitor Fantom (FTM) Could Jump To $1.2"},"content":{"rendered":"

Crypto analyst Altcoin Sherpa<\/span><\/a> has provided a bullish narrative for <\/span>Fantom (FTM)<\/span><\/a>, suggesting that the crypto token could soon make a significant rally to the upside. The analyst also hinted at how Fantom could rise when this happens.\u00a0\u00a0<\/span><\/p>\n

Fantom Could Rise To As High As $1.2<\/h2>\n

Based on the chart Altcoin Sherpa shared, <\/span>Fantom<\/span> could rise to as high as $1.2 on its next leg up. In the meantime, the analyst noted that the crypto token is <\/span>consolidating<\/span><\/a> at a key level. He added that he expects Fantom to form a chop range between $0.50 and $0.70 for a bit, so that range could serve as support as it moves to the upside.\u00a0\u00a0<\/span><\/p>\n

Related Reading: Analyst Warns Of Bitcoin Breakdown Below Key Psychological Level, Says $40,000 Is Possible<\/a><\/div>\n
\"Fantom
Source: X<\/figcaption><\/figure>\n

Altcoin Sherpa sounded optimistic about Fantom\u2019s trajectory, stating that he believes FTM will still be a \u201cdecent project\u201d going forward, especially with the move to Sonic. In May, the Fantom Foundation <\/span>announced<\/span><\/a> plans to build Sonic, a layer-1 blockchain with a layer-2 network that connects to Ethereum.\u00a0<\/span><\/p>\n

Crypto analyst Bitcoin Ape also shared a sentiment similar to Altcoin Sherpa, <\/span>predicting<\/span><\/a> that Fantom could rise to $1.2. The analyst stated that FT\u2019M\u2019s rally could happen once there is a market recovery, with Bitcoin leading the way. Specifically, Bitcoin Ape highlighted a falling wedge pattern formed on Fantom\u2019s chart, which showed that a price rally was imminent.\u00a0<\/span><\/p>\n

\"Fantom
Source: X<\/figcaption><\/figure>\n

Like Altcoin Sherpa, Bitcoin Ape also alluded to <\/span>Fantom\u2019s pivot to Sonic<\/span><\/a> as a bullish fundamental for the crypto token. The analyst noted that Fantom has been on a \u201cmassive revamp lately\u201d with several updates, including the launch of Sonic Labs. He also mentioned the over $100 million in $S (Sonic\u2019s native token) airdrop, which could attract developers and users to Fantom\u2019s ecosystem.\u00a0<\/span><\/p>\n

In the meantime, Bitcoin Ape predicts that Fantom could experience more volatility in the coming days because it is currently oversold. However, once the crypto token leaves its oversold condition, the crypto analyst expects that breakout to happen.\u00a0<\/span><\/p>\n

FTM Could Drop To As Low As $0.45 Before Next Leg Up<\/h2>\n

Crypto analyst Ijaz Awan recently <\/span>predicted<\/span><\/a> that Fantom could drop to as low as 0.45 before its next move up. He noted that <\/span>Bitcoin\u2019s weakness<\/span><\/a> is dragging altcoins like FTM down, which is why Fantom struggles to gain momentum. As such, he predicts that the crypto token could experience a period of consolidation between <\/span>$0.45 and $0.55<\/span><\/a> before its next leg up.\u00a0<\/span><\/p>\n

Related Reading: Is The Bitcoin Bottom In? Crypto Expert Predicts Bullish Price Reversal<\/a><\/div>\n

However, the analyst warned that Fantom cannot afford to lose that range of support. He suggested that a drop below that price level would <\/span>invalidate his structure<\/span><\/a> and could lead to further price declines for the crypto token.\u00a0<\/span><\/p>\n

At the time of writing, Fantom is trading at around $0.54, down over 3% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Fantom
FTM price still holding above $0.5 | Source: FTMUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Altcoin Sherpa has provided a bullish narrative for Fantom (FTM), suggesting that the crypto token could soon make a significant rally to the upside. The analyst also hinted at how Fantom could rise when this happens.\u00a0\u00a0 Fantom Could Rise To As High As $1.2 Based on the chart Altcoin Sherpa shared, Fantom could rise to as high as $1.2 on its next leg up. In the meantime, the analyst noted that the crypto token is consolidating at a key level. He added that he expects Fantom to form a chop range between $0.50 and $0.70 for a bit, so that range could serve as support as it moves to the upside.\u00a0\u00a0 Related Reading: Analyst Warns Of Bitcoin Breakdown Below Key Psychological Level, Says $40,000 Is Possible Altcoin Sherpa sounded optimistic about Fantom\u2019s trajectory, stating that he believes FTM will still be a \u201cdecent project\u201d going forward, especially with the move to Sonic. In May, the Fantom Foundation announced plans to build Sonic, a layer-1 blockchain with a layer-2 network that connects to Ethereum.\u00a0 Crypto analyst Bitcoin Ape also shared a sentiment similar to Altcoin Sherpa, predicting that Fantom could rise to $1.2. The analyst stated that FT\u2019M\u2019s rally could happen once there is a market recovery, with Bitcoin leading the way. Specifically, Bitcoin Ape highlighted a falling wedge pattern formed on Fantom\u2019s chart, which showed that a price rally was imminent.\u00a0 Like Altcoin Sherpa, Bitcoin Ape also alluded to Fantom\u2019s pivot to Sonic as a bullish fundamental for the crypto token. The analyst noted that Fantom has been on a \u201cmassive revamp lately\u201d with several updates, including the launch of Sonic Labs. He also mentioned the over $100 million in $S (Sonic\u2019s native token) airdrop, which could attract developers and users to Fantom\u2019s ecosystem.\u00a0 In the meantime, Bitcoin Ape predicts that Fantom could experience more volatility in the coming days because it is currently oversold. However, once the crypto token leaves its oversold condition, the crypto analyst expects that breakout to happen.\u00a0 FTM Could Drop To As Low As $0.45 Before Next Leg Up Crypto analyst Ijaz Awan recently predicted that Fantom could drop to as low as 0.45 before its next move up. He noted that Bitcoin\u2019s weakness is dragging altcoins like FTM down, which is why Fantom struggles to gain momentum. As such, he predicts that the crypto token could experience a period of consolidation between $0.45 and $0.55 before its next leg up.\u00a0 Related Reading: Is The Bitcoin Bottom In? Crypto Expert Predicts Bullish Price Reversal However, the analyst warned that Fantom cannot afford to lose that range of support. He suggested that a drop below that price level would invalidate his structure and could lead to further price declines for the crypto token.\u00a0 At the time of writing, Fantom is trading at around $0.54, down over 3% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":627001,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87842],"tags":[167,6664,26263,14690,9376,92004,89676,43491,92005,86580,87826,85756],"class_list":["post-626995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fantom","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":"\nCrypto Analyst Says Ethereum Competitor Fantom (FTM) Could Jump To $1.2<\/title>\n<meta name=\"description\" content=\"Altcoin Sherpa has provided a bullish narrative for Fantom (FTM), suggesting that the crypto token could soon make a significant rally.\" \/>\n<meta name=\"robots\" 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. 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":"Crypto Analyst Says Ethereum Competitor Fantom (FTM) Could Jump To $1.2","url":"http:\/\/uniquehot.com\/news\/fantom\/ethereum-competitor-fantom-1-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/fantom\/ethereum-competitor-fantom-1-2\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/Fantom-FTM.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/Fantom-FTM.jpeg?fit=1792%2C1024"},"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":"2024-06-29T15:30:49Z","datePublished":"2024-06-29T15:30:49Z","dateModified":"2024-06-29T15:30:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Says Ethereum Competitor Fantom (FTM) Could Jump To $1.2\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/fantom\\\/ethereum-competitor-fantom-1-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/fantom\\\/ethereum-competitor-fantom-1-2\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Fantom-FTM.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Fantom-FTM.jpeg?fit=1792%2C1024\"},\"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\":\"2024-06-29T15:30:49Z\",\"datePublished\":\"2024-06-29T15:30:49Z\",\"dateModified\":\"2024-06-29T15:30:49Z\"}<\/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\/06\/Fantom-FTM.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/626995"}],"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=626995"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/626995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/627001"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=626995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=626995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=626995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}