Fantom (FTM) Price Prediction 2023 — Will FTM Hit $1.5 Soon?
- Bullish FTM price prediction is $0.4499 to $1.7426.
- Fantom (FTM) price might also reach $1.5 soon.
- Bearish FTM price prediction for 2023 is $0.3073.
In Fantom (FTM) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about FTM to analyze the future movement of the cryptocurrency.
Fantom (FTM) Current Market Status
| Current Price | $0.469943 |
| 24 – Hour Trading Volume | $499,221,943 |
| 24 – Hour Price Change | 8.0% up |
| Circulating Supply | 2,777,101,304 |
| All – Time High | $3.46 (On October 28, 2021) |
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) Price Prediction 2023
Fantom (FTM) holds the 42nd position on CoinGecko right now. FTM price prediction 2023 is explained below with a daily time frame.
A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. The exit often occurs at the fourth contact point on one of the horizontal channel’s lines.
Currently, Fantom (FTM) is in the range of $0.4385. If the pattern continues, the price of FTM might reach the resistance levels of $0.4842 and $0.5600. If the trend reverses, then the price of FTM may fall to $0.4181.
Fantom (FTM) Support and Resistance Levels
The chart below shows the support and resistance levels of Fantom (FTM).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Fantom (FTM).
| Resistance Level 1 | $0.5496 |
| Resistance Level 2 | $0.8538 |
| Resistance Level 3 | $1.7426 |
| Support Level | $0.3073 |
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 $1.7426.
Accordingly, if the investors turn against crypto, the price of Fantom (FTM) might plummet to almost $0.3073, a bearish signal.
Fantom (FTM) Price Prediction 2023 — 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 the 50 MA (short-term), so it is on a downward trend. 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 47.44. This means that Fantom (FTM) is in a nearly 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 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Fantom (FTM). It helps to measure the overall strength of the 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 44.22 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 47.44, thus confirming a potential sell signal.
Comparison of FTM with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Fantom (FTM).
From the above chart, we can interpret that the price action of FTM is similar to BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of FTM increases.When the price of BTC and ETH decreases,the price of FTM decreases.
Fantom (FTM) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Fantom (FTM) between 2024 and 2030.
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 $6 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 $10.
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 $12.
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 $14.
Fantom (FTM) Price Prediction 2028
Fantom (FTM) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, FTM would hit $16 in 2028.
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 $18 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 $20 by 2030.
Conclusion
With continuous improvements in the Fantom network, we can say that 2023 is a good year for FTM. For this reason, the bullish price prediction of Fantom (FTM) in 2023 is $1.7426. On the other hand, the bearish price prediction of Fantom (FTM) price prediction for 2023 is $0.3073.
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 $1.5 if the investors believe that FTM is a good investment in 2023.
FAQ
1. What is Fantom (FTM)?
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.
2. Where can you purchase Fantom (FTM)?
Fantom (FTM) has been listed on many crypto exchanges which include Binance, CoinTiger, OKX, BTCEX, and Bitrue.
3. Will Fantom (FTM) reach a new ATH soon?
With the ongoing developments and upgrades within the Fantom platform, FTM has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Fantom (FTM)?
On October 28, 2021 Fantom (FTM) reached its new all-time high (ATH) of $3.46.
5. Is Fantom (FTM) a good investment in 2023?
Fantom (FTM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Fantom in the past few months, FTM is considered a good investment in 2023.
6. Can Fantom (FTM) reach $1.5?
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 $1.5 soon.
7. What will be Fantom (FTM) price by 2024?
Fantom (FTM) price is expected to reach $6 by 2024.
8. What will be Fantom (FTM) price by 2025?
Fantom (FTM) price is expected to reach $10 by 2025.
9. What will be the Fantom (FTM) price by 2026?
Fantom (FTM) price is expected to reach $12 by 2026.
10. What will be Fantom (FTM) price by 2027?
Fantom (FTM) price is expected to reach $14 by 2027.
Top Crypto Predictions
- Shiba Inu (SHIB) Price Prediction 2023
- Terra Classic (LUNC) Price Prediction 2023
- Baby Doge Coin (BABYDOGE) Price Prediction 2023
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/fantom-ftm-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
