Fantom (FTM) has been trading inside a large range between $1.24 and $3.38 for the past several months. The price rebounded sharply off the support of the range on Feb. 24, indicating that bulls continue to buy at this level. The rebound has reached the 20-day EMA ($1.82) which is acting as a strong resistance. If bulls drive and sustain the price above this level, the FTM/USDT pair could reach the 50-day SMA ($2.18). A break above this level could clear the path for a possible up-move to $2.60. Contrary to this assumption, if the price turns down from this level, the pair could consolidate between the 20-day EMA and $1.24 for a few more days. The critical level to watch on the downside is $1.24 because if this level cracks, the pair could start a new downtrend. The moving averages have completed a bullish crossover on the 4-hour chart indicating that the short-term downtrend could be over. If the price rebounds off the moving averages, it will suggest that traders are buying on dips. The buyers will then attempt to push and sustain the price above the downtrend line. If they manage to do that, the pair could rise to $2.14 and then to $2.40. This positive view will invalidate in the short term if the pair sustains below the moving averages. Such a move will indicate that bears are active at higher levels.
Fantom (FTM) has turned down from the overhead resistance at $2.67, which suggests that bears are defending this level with vigor. The FTM/USDT pair could drop to the 20-day EMA which could act as a strong support. A sharp rebound off this support will suggest that buyers are accumulating on dips. The rising 20-day EMA ($2.03) and the RSI above 68 suggest that the path of least resistance is to the upside. A break and close above $2.67 will suggest that bulls are back in the game. The pair could then start its northward march toward $3.17 and then to $3.48. The bears will have to pull and sustain the price below $2 to invalidate the bullish sentiment. The 4-hour chart shows a rounding bottom formation, which will complete on a break and close above the overhead resistance at $2.67. If the price rebounds off the 20-EMA, the bulls will again try to overcome the barrier at $2.67. If that happens, the up-move could begin. Conversely, if the price breaks below the 20-EMA, it will suggest that the short-term bullish momentum could be weakening. The pair could then drop to the 50-SMA and later to the strong support at $2.
* Crypto Rating accepts no liability for content of the Fantom reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 75.2% | 48 | $28 279.47 | 0.07% | 13.63% | $546 494 314 501 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 83.6% | 31 | $1 799.37 | -0.44% | 7.08% | $220 196 375 480 |  |
|
| 3 |  USDT |
Tether predictions | 94.4% | 1 | $1.001852 | 0.03% | -0.30% | $77 579 753 841 |  |
|
| 4 |  BNB |
Binance Coin predictions | 78% | 46 | $326.48 | -3.19% | 5.28% | $51 548 167 677 |  |
|
| 5 |  USDC |
USD Coin predictions | 94.4% | 2 | $0.999094 | 0.05% | -0.02% | $35 208 468 704 |  |
|
| 6 |  XRP |
XRP predictions | 86.8% | 15 | $0.442825 | 11.63% | 20.07% | $22 562 333 716 |  |
|
| 7 |  HEX |
HEX predictions | 63.6% | 81 | $0.105163 | 5.10% | 28.30% | $18 236 394 788 |  |
|
| 8 |  ADA |
Cardano predictions | 76.4% | 51 | $0.371643 | 7.97% | 10.64% | $12 903 136 163 |  |
|
| 9 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 10 |  MATIC |
Polygon predictions | 76.4% | 48 | $1.15 | -0.34% | -2.20% | $10 039 890 799 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 71.6% | 55 | $0.075145 | 1.86% | 2.48% | $9 969 588 590 |  |
|
| 12 |  SOL |
Solana predictions | 73.2% | 56 | $22.53 | -1.79% | 9.39% | $8 642 061 823 |  |
|
| 13 |  BUSD |
Binance USD predictions | 93.2% | 1 | $1.000025 | 0.01% | -0.03% | $8 119 883 434 |  |
|
| 14 |  DOT |
Polkadot predictions | 75.6% | 50 | $6.29 | 0.46% | 1.61% | $7 344 673 141 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 84.8% | 22 | $0.067252 | 3.83% | 1.45% | $6 837 900 813 |  |
