Fantom Price Prediction for Today, March 3 – FTM Technical Analysis

 

The Fantom price prediction shows that FTM remains in the green as the coin market gains from the increased buying pressure.

Fantom Price Nears Bullish Breakout, Trading at $0.60

The Fantom price is charting a promising trajectory, poised to bring considerable profits to its investors. After enduring a period of consolidation in recent weeks, the current price action suggests the formation of a bullish pattern. A successful breakout from this pattern could propel the price to reach new highs, offering investors lucrative opportunities.

Fantom Prediction Statistics Data:

• Fantom price now – $0.60
• Fantom market cap – $1.7 billion
• Fantom circulating supply – 2.8 billion
• Fantom total supply – 3.1 billion
• Fantom Coinmarketcap ranking – #59

FTM/USD Market

Key Levels:

Resistance levels: $0.75, $0.80, $0.85

Support levels: $0.35, $0.30, $0.25

FTM/USD is now moving to cross above the upper boundary of the channel after touching the daily high at $0.61 during the European session today. The coin may continue to move upwards if the price crosses above the channel. However, Fantom (FTM) may stay on the positive side and the price could touch the nearest resistance level of $0.65 in the next positive direction.

Fantom Price Prediction: Fantom May Break Short-Term Resistance

According to the daily chart, the Fantom price is gradually breaking out of the range and moving to the upside as the 9-day moving average hovers above the 21-day moving average. But, should the coin slide below the lower boundary of the channel, there is a higher chance that FANTOM (FTM) may find support at $0.35, $0.30, and $0.25. From above, the coin may cross the channel to locate the resistance levels at $0.75, $0.80, and $0.85 respectively.

FTM/BTC Breaks to the North

Against Bitcoin, the recent price bullish movement in the market could place Fantom (FTM) in an upward trend as the price moves to cross above the upper boundary of the channel. Meanwhile, looking at a short-term bear market, the 650 SAT and below could provide a support level for the next selling pressure if the coin crosses below the 9-day and 21-day moving averages.

Nevertheless, after touching the resistance level of 987 SAT, the bulls may begin to dominate the market and could push the market price to the north. However, if the support level of 779 SAT can act as a solid line of defense against any downtrend; the resistance level of 1200 SAT and above may come to play.

@Ritesh_Trades recently informed his extensive audience of over 20,000 on X (formerly Twitter) that whenever there’s a dip, $FTM consistently reaches new highs. He encourages a study on the degeneracy of the 2021 Fantom cycle, noting a breakout in the 700-day range with little discussion surrounding FTM. Ritesh poses questions about the outcome when meme coins reach their blow-off local top and where the money might rotate next.

Everytime we get a dip $Ftm makes new highs

Study degeneracy of 2021 fantom cycle

700 day range break out and ct is radio silent about FTM

What happens when meme coins have their blow off local top . Where the money will rotate next ?

Remilio https://t.co/2qn1w1JgVI pic.twitter.com/mPLKfcEOlt

— Ritesh✺ (@Ritesh_Trades) March 3, 2024

Fantom Alternatives

The Fantom price is experiencing an upward trend, buoyed by bullish movement above both the 9-day and 21-day moving averages. However, sustained upward momentum may see the coin’s price surpass the upper boundary of the channel. Comparatively, Fantom exhibits stability with a market cap of $1.7 billion, securing the 59th position in the crypto market. Yet, its size might impede short-term growth potential. On the other hand, Bitcoin Minetrix, with a substantial $11.7 million raised in presale, suggests the possibility of rapid and significant value appreciation, despite its lower market cap.

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