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Cryptocurrency News Articles

FTM Price Prediction: FTM Expected to Rise by 20.04% in the Next 5 Days

Nov 24, 2024 at 08:02 am

FTM price is expected to rise by 20.04% in the next 5 days according to our Fantom price prediction is trading at $0.876556 after gaining 14.84%

FTM Price Prediction: FTM Expected to Rise by 20.04% in the Next 5 Days

FTM is currently trading at $0.876556, up 14.84% over the past 24 hours. As the total cryptocurrency market cap rose by 3.76% in the same time period, the coin outperformed the market. Moreover, FTM also performed well against BTC today, recording a 16.10% gain against the world’s largest cryptocurrency.

According to our Fantom price prediction, FTM is expected to reach a price of $1.11 by Nov 28, 2024. This would represent a 20.04% price increase for FTM in the next 5 days.

Buy/Sell Fantom Now

What has been going on with Fantom in the last 30 days

FTM price analysis for today reveals a positive trend in the last 30 days. As the coin gained 26.86% in the last 30-days. The medium-term trend for Fantom has been bullish, with FTM increasing by 66.86% in the last 3 months. The long-term picture for Fantom has been positive, as FTM is currently displaying a 190.01% 1-year price change. On this day last year, FTM was trading at $0.302248.

Fantom reached its all-time high price on Oct 28, 2021, when the price of FTM peaked at $3.47. The current FTM cycle high is at $1.22, while the cycle low is at $0.164761. FTM has been displaying low volatility recently – the 1-month volatility of the coin is at 8.37. Finally, Fantom recorded 17 green days in the last 30 days.

Fantom technical analysis for today - Nov 24, 2024

The sentiment in the Fantom markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $0.709440, $0.661257 and $0.636521, while $0.782358, $0.807095 and $0.855277 are the key resistance levels.

Bullish sentiment for Fantom

28 indicators are currently signaling a bullish prediction for Fantom, while 0 indicators are showing a bearish forecast. With 100% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Fantom.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 93 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Fantom moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Fantom is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Fantom is at 56.18, suggesting that FTM is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Fantom over the last 50 days. Currently, Fantom is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the FTM closing price for the last 200 days. FTM is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Fantom prediction

After considering the above factors, we can conclude that the current forecast for Fantom price prediction is Bullish. FTM would have to increase by 20.04% to hit our $1.11 target within the next five days. Moving forward, it will be important to monitor the FTM market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets

News source:coincodex.com

Disclaimer:info@kdj.com

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