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":"\n
Crypto Analyst Says Ethereum Competitor Fantom (FTM) Could Jump To $1.2<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n