Fantom Crypto Price Prediction - Will FTM Continue to Pump?

  • 03 November 2022, Thursday, 18:25
Fantom Crypto Price Prediction - Will FTM Continue to Pump?
FTM/USDT - Weekly Time Frame.

Fantom Crypto Price Prediction - Will FTM Continue to Pump?

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Fantom (FTM) crypto has been massively pumping over the last 24 hours moving up in price by over 30%. Euphoria and excitement hits the crypto markets once again as many major altcoins are printing green candles on the price charts.

Will Fantom (FTM) continue to pump and which other altcoins are looking promising for the next few months ahead?

Fantom (FTM) Crypto Price Prediction

Fantom (FTM) crypto has been trading sideways for quite some time between the price of $0.19 and $0.28 for a few weeks now. Currently the price of Fantom (FTM) crypto is $0.264 following positive price momentum over the last few hours.

Even though Fantom (FTM) crypto is still down by over 90% from the all-time high set in October 2021 I still think there might be good odds for a recovery by the next crypto bull run.

The current trading prices of Fantom (FTM) crypto are also nostalgic of the prices before the main parabolic bull run back in 2021, between May and July 2021.

This could reflect that the current undervalued price of Fantom (FTM) crypto is a major buy zone and could play off well when holding over the long-term until the next crypto bull run.

The chart above reflects a key buying zone where Fantom (FTM) crypto found support back in July 2021. This particular price level could have been attractive for whales or retail investors to dollar cost average in.

I also speculate that Fantom (FTM) crypto may be on the verge of forming a double bottom reversal pattern, typically this is a bullish pattern where we would expect a massive pump to the upside of the neckline (resistance) is broken.

As we can see, FTM previously got rejected at the $0.418 resistance level and printed another swing-low down into the buy zone during September.

We could speculate that Fantom (FTM) and the bullish sentiment surrounding it may be enough momentum to bring the price back up to the double bottom neckline at $0.417.

The more times a resistance level is tested, the more likely the price of the given asset or security is to break through.

If the neckline is broken we could see the price of Fantom (FTM) crypto pump up to roughly $0.61 over the next few weeks or months.

Of course, this depends on the sentiment of the entire blockchain markets and the trajectory of Bitcoin.

Fantom Crypto (Video Analysis)

According to Coinmarketcap Fantom (FTM) crypto now has a market capital of $671 million. Whilst I don't think there will be any major movements this year, by the next bull run we could still potentially see a 5-10x from current price levels perhaps between $1.50 and $3.

Dash 2 Trade to Outperform FTM Crypto

If you're exploring the crypto markets for lucrative altcoins with massive upside potential, then look no further than the Dash 2 Trade token.

So far, presale have proven to offer massive returns, the last two presales we analyzed such as Tamadoge and Battle Infinity returned a massive 1,950% and 750% gains for early investors.

Dash 2 Trade provides trading signals, predictions and social analytics through impeccable artificial intelligence and key experts in the crypto markets.

This helps exposure traders to high value opportunities in the crypto markets.

So far, Dash 2 Trade has raised an incredible $4,509,966 during a bear market. This could suggest that there is huge investor appetite around the presale and that many retailers are already starting to FOMO in.

Only a few days ago Dash 2 Trade also announced that they will be listing on the Lbank centralized exchange, stating it is their 'first' listing, this could imply that more are in the pipeline.

Should Dash 2 Trade follow in the footsteps of the previous two presales, we could potentially speculate that this might be the next 10x cryptocurrency to explode.

Interested parties can head over to the Dash 2 Trade website to explore the white paper - it is recommended to do your own research before making any financial decisions.

Click here to visit the official Dash 2 Trade presale page.

Source: cryptonews.com