BTC$27 059.30


ETH$1 889.14




Binance Coin


USD Coin




Fantom (FTM) Is About to Fall Through the Floor

November 2020

Fantom (FTM) is yet another DeFi coin that enjoyed a meteoric price rise this year, though it went somewhat unnoticed due to the relatively low rank that places it outside the top 100. At the moment, FTM’s value is assessed at $0.025, obtained after the 6.7% price drop in the last 24 hours. Fantom now holds the 139th position on Coinmarketcap, with the market capitalization of $53 million, but it reached $100,3 million at the peak of the recent bull rally. Binance and DigiFinex are the two cryptocurrency exchange platforms that accommodate the largest percentage of FTM trading volume that has been fluctuating between $7,4 million and $48 million over the past 30 days.

Fantom all-time chart

Fantom has been quite an achiever this year, especially after the market collapse in March, upon which the altcoin had embarked on the biggest rally in its existence that boosted its price by 380%, with the all-time low at $0.00193 (registered on March 13) being the jump-off point. The rally had climaxed at $0.055, the current all-time high, and then the price collapsed by 54% to the current price level, though it has found strong support there.

Fundamental analysis of Fantom

As already mentioned, FTM is the DeFi token that powers the blockchain platform that has the directed acyclic graph (DAG) at its core. The main purpose of this platform is to provide the developers with means for creating their proprietary consensus algorithms.

The project was established by Dr. Ahn Byung Ik, the well-regarded computer scientist from South Korea, who wanted to expedite the speed of transactions to two seconds. The FTM token can be used for staking, allocation of user rewards, and fee collection.

Basically, the Fantom Foundation attempts to solve the problem of scalability, which plagues the entire blockchain space, but their progress appears to be slow, though it doesn’t reflect too negatively on FTM’s price action.

Buyers need to defend the crucial support level

The weekly chart shows how dedicated the buyers are to defending the support level at $0.025 that had been tested during six out of nine weeks of FTM’s presence above that level. Moreover, that price level had often been interacted with during the summer, which makes it an ultimate magnetic point.1-week FTM/USDT chart

A drop below that level would create a landslide to $0.017, a 32% price reduction, that would still make for a proper higher low on this time frame. We reckon that such a drop is more than feasible, given how bearish is the 14-period RSI, which is crashing to the downside after completing the head and shoulders pattern. Should the bearish pressure persist, the price drop could be as deep as $0.012 that would constitute the V-shaped reversal. 

The price action on the daily time frame fully confirms our bearish expectations as FTM is about to draw the second red candle, while the Bollinger Bands are heading south.

1-day FTM/USDT chart

MACD is now deep in the bearish territory, displaying the strength of the corresponding momentum and the intention to reach the oversold extremes. This gives us more than enough reason to believe that Fantom will have another 30% price drop in the next seven to ten days.

Author: Alex Paulson for


Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 86.8% 12 $27 059.30 -0.24% 0.92% $524 708 563 048 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90.8% 5 $1 889.14 0.54% 3.28% $227 155 817 130 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000210 0.08% -0.01% $83 267 213 407 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 90.4% 3 $306.59 0.14% -0.15% $47 783 784 553 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $0.999910 0.04% -0.01% $28 938 047 584 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 76.4% 40 $0.518210 2.34% 11.76% $26 938 323 151 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 90.8% 7 $0.375427 2.52% 4.29% $13 097 419 830 ADA 7 days price change
8 Lido stETH (STETH) STETH Lido stETH predictions 94% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 85.6% 14 $0.072129 0.37% 1.78% $10 069 367 781 DOGE 7 days price change
10 Solana (SOL) SOL Solana predictions 83.2% 27 $21.10 1.50% 8.52% $8 365 347 570 SOL 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 79.6% 31 $0.900533 0.44% -0.92% $8 356 468 238 MATIC 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 80.4% 36 $0.076172 1.42% -0.10% $7 744 821 085 WTRX 7 days price change
13 TRON (TRX) TRX TRON predictions 80.4% 35 $0.076432 1.62% 0.13% $6 894 553 498 TRX 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 79.2% 38 $94.25 -1.22% 7.53% $6 885 437 083 LTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 88.4% 8 $5.23 -0.30% -0.31% $6 229 138 974 DOT 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2023

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.