Fantom (FTM) Price Prediction 2022 – Will FTM Hit $3 Soon?
- Bullish FTM price prediction is $0.3922 to $1.7348.
- Fantom (FTM) price might also reach $3 soon.
- Bearish FTM price prediction for 2022 is $0.2124.
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 specialized 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 $0.273281 with a 24-hour trading volume of $159,676,768 at the time of writing. However, FTM has increased by nearly 1.4% in the last 24 hours.
Fantom (FTM) has a circulating supply of 2,541,152,731 FTM. Currently, Fantom (FTM) trades in cryptocurrency exchanges such as Binance, FMFW.io, LBank, OKX, KuCoin, DigiFinex.
Fantom (FTM) Price Prediction 2022
Fantom (FTM) holds the 69th position on CoinGecko right now. FTM price prediction 2022 is explained below with a daily time frame.
The above chart of Fantom (FTM) laid out the Descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend. It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level, the bearish trend would be sustained. Generally, a descending triangle pattern indicates the reversal of an uptrend or the continuation of the downtrend. Traders keenly look out for a significant breakout point.
Currently, Fantom (FTM) is in the range of $0.2716. If the pattern continues, the price of FTM might reach the resistance levels of $0.2867, and $0.3173. If the trend reverses, then the price of FTM may fall to $0.2654 and $0.2386.
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 | $0.9688 |
| Resistance Level 4 | $1.7348 |
| 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 $1.7348
Accordingly, if the investors turn against crypto, the price of 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 chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of FTM lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Fantom (FTM) is shown in the chart above. Notably, Fantom (FTM) price lies below 50 MA (short-term), so it is in a downtrend. Currently, FTM has entered a bearish state. Therefore, there is a possibility of a reversal trend of FTM at any time.
Meanwhile, the relative strength index (RSI) of the FTM is 46.44. This means that Fantom (FTM) is in an oversold state. However, this means a major price reversal of 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, the ADX of FTM lies in the range of 35.0053 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Fantom (FTM). RVI measures the constant deviation of price changes over a period of time. The RVI of FTM lies below 50, indicating low volatility. In fact, the RSI of Fantom (FTM) is at 46.44 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 interpret the price changes of BTC, ETH and FTM are moving in a similar trend. This indicates that when the price of ETH and BTC increases or decreases, the price of 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 $6 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 $9 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 $12.
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 $24 by 2029.
Fantom (FTM) Price Prediction 2030
With greater advancements in the Fantom ecosystem, the crypto community might continue to invest in FTM for the next 8 years and drive significant price rallies for the token. Hence, Fantom (FTM) might hit $27 by 2030.
Conclusion
With continuous improvements in the Fantom network, we can say that 2022 is a good year for FTM. For this reason, the bullish price prediction of Fantom (FTM) in 2022 is $1.7348. On the other hand, the bearish price prediction of Fantom (FTM) price prediction for 2022 is $0.2124.
Furthermore, with the advancements and upgrades to the Fantom ecosystem, the performance of FTM would help to reach above its current all-time high (ATH) of $3.46 very soon. But, it might also reach $3 if the investors believe that 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 includeBinance, FMFW.io, LBank, OKX, KuCoin, DigiFinex.
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 $3 soon.
Fantom (FTM) price is expected to reach $6by 2023.
Fantom (FTM) price is expected to reach $9 by 2024.
Fantom (FTM) price is expected to reach $12 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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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
