Fantom (FTM) Price Prediction 2022 – Will FTM Hit $2 Soon?
- Bullish FTM price prediction is $0.3897 to $1.7512.
- The FTM price will also reach $2 soon.
- FTM bearish market price prediction for 2022 is $0.21.
In Fantom (FTM) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about FTM to analyze the future movement of the cryptocurrency.
What is Fantom (FTM)?
Fantom (FTM) is the native cryptocurrency of the Fantom blockchain. It exists both as an ERC-20 token and a BEP-20 token confirming that it is compatible with both Ethereum and Binance Smart Chain (BSC) blockchains.
Fantom is a layer-1 EVM-compatible smart contract-based blockchain that was launched in 2019. The blockchain operates on a specialised proof-of-stake (PoS) consensus protocol called Lachesis. Lachesis is an asynchronous Byzantine Fault Tolerant (aBFT) PoS protocol that is based on a directed acyclic graph (DAG) algorithm.
Fantom (FTM) Current Market Status
According to CoinGecko, the price of Fantom (FTM) is $0.3804 with a 24-hour trading volume of $351,794,111 at the time of writing. However, FTM has increased by nearly 2.3% in the last 24 hours.
Moreover, Fantom (FTM) has a circulating supply of 2,541,152,731 FTM. Currently, ADA trades in cryptocurrency exchanges such as Binance, FTX, KuCoin, Gate.io, Bitfinex, Bybit, Huobi global, Gemini, Bitstamp, OKX, Crypto.com, and MEXC.
Fantom (FTM) Price Prediction 2022
Fantom (FTM) holds the 59th position on CoinGecko right now. FTM price prediction 2022 is explained below with a daily time frame.
Horizontal channels are trendlines that connect variable pivot highs and lows to show the price contained between the upper line of resistance and lower line of support. A horizontal channel is also known as a price range or sideways trend. In a horizontal channel, buying and selling pressure is equal and the prevailing price direction is sideways. A horizontal channel or sideways trend has the appearance of a rectangle pattern. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points.
Currently, Fantom (FTM) is in the range of $0.379. If the pattern continues, the price of FTM might reach the resistance level of $0.6831. If the trend reverses, then the price of Fantom (FTM) may fall to $0.2220.
Fantom (FTM) Support and Resistance Levels
The below chart shows the support and resistance level of Fantom (FTM).
From the above daily time frame, the following are the resistance and support levels of Fantom (FTM).
- Resistance Level 1 – $0.3922
- Resistance Level 2 – $0.6082
- Resistance Level 3 – $0.9628
- Resistance Level 4 – $1.7512
- Support Level – $0.2124
The charts show that Fantom (FTM) has performed a bullish trend over the past month. If this trend continues, FTM might run along with the bulls overtaking its resistance level at $1.7512.
Accordingly, if the investors turn against the crypto, the price of the Fantom (FTM) might plummet to almost $0.2124, a bearish signal.
Fantom (FTM) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Fantom (FTM) is shown in the following chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of FTM is below the cutoff line, it indicates weaker participants in the current trend.
Moreover, the Moving Average (MA) of Fantom (FTM) is shown in the chart above. Currently, FTM is in a bullish state. Notably, the FTM price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of Fantom (FTM) at any time.
Meanwhile, the relative strength index (RSI) of the Fantom (FTM) is at the level of 63.30. This means that FTM is in an nearly overbought state. However, this means a major price reversal of Fantom (FTM) may occur in the upcoming days. So, traders need to trade carefully.
Fantom (FTM) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Fantom (FTM). It helps to measure the overall strength of the current trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Fantom (FTM). Currently, FTM lies in the range of 30.11 so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Fantom (FTM) can be interpreted. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of FTM lies above the 50 levels, indicating that the direction of volatility is high. In fact, FTM’s RSI is at the 63.30 level thus confirming a potential buy signal.
Comparison of FTM with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Fantom (FTM).
From the above chart, we can identify the trend of the ETH, BTC, and FTM are moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and FTM also increases or decreases respectively.
Fantom (FTM) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Fantom (FTM) might probably attain $4 by 2023.
Fantom (FTM) Price Prediction 2024
With several upgrades in the network, Fantom (FTM) might enter a bullish trajectory. If the coin grabs the attention of major investors, FTM might rally to hit $8 by 2024.
Fantom (FTM) Price Prediction 2025
If Fantom (FTM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, FTM would rally to hit $11.
Fantom (FTM) Price Prediction 2026
If Fantom (FTM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, FTM would rally to hit $15.
Fantom (FTM) Price Prediction 2027
If Fantom (FTM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, FTM would rally to hit $18.
Fantom (FTM) Price Prediction 2028
Despite the trends in the highly-volatile crypto market, if Fantom (FTM) holds up a strong stance as a better investment option for the next 6 years, it might drive significant price rallies. Thus, by 2028, FTM would hit $21.
Fantom (FTM) Price Prediction 2029
If investors flock in and continue to place their bets on Fantom (FTM), it would witness major spikes. FTM might hit $23 by 2029.
Fantom (FTM) Price Prediction 2030
With greater advancements in the Fantom ecosystem, the crypto community might continue to invest in Fantom (FTM) for the next 8 years and drive significant price rallies for the token. Hence, Fantom (FTM) might hit $25 by 2030.
Conclusion
With continuous improvements in the Fantom ecosystem, we can say that 2022 is a good year for FTM. For this reason, the bullish price prediction of Fantom (FTM) in 2022 is $1.7. On the other hand, the bearish FTM price prediction for 2022 is $0.21.
Furthermore, with the advancements and upgrades to the Fantom ecosystem, the performance of Fantom (FTM) would help to reach above its current all-time high (ATH) of $1.5 very soon. But, it might also reach $2 if the investors believe that Fantom (FTM) is a good investment in 2022.
FAQ
Fantom (FTM) is the native cryptocurrency of the Fantom blockchain. Fantom is a layer-1 (L1), EVM-compatible smart contract-based blockchain. It exists both as an ERC-20 and a BEP-20 token. The blockchain operates based on a directed acyclic graph (DAG) algorithm.
Fantom (FTM) has been listed on many crypto exchanges which include Binance, FTX, KuCoin, Gate.io, Bitfinex, Bybit, Huobi global, Gemini, Bitstamp, OKX, Crypto.com, and MEXC.
With the ongoing developments and upgrades within the Fantom platform, Fantom (FTM) has a high possibility of reaching its ATH soon.
On October 28, 2021, FTM reached its new all-time high (ATH) of $3.46.
Fantom (FTM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of FTM in the past few months, FTM is considered a good investment in 2022.
Fantom (FTM) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Fantom (FTM) will hit $2 soon.
Fantom (FTM) price is expected to reach $4 by 2023.
Fantom (FTM) price is expected to reach $8 by 2024.
Fantom (FTM) price is expected to reach $11 by 2025.
Fantom (FTM) price is expected to reach $15 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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