- Bullish FTM price prediction for 2023 is $0.2481 to $0.3315.
- Fantom (FTM) price might reach $1 soon.
- Bearish FTM price prediction for 2023 is $0.1292.
In this Fantom (FTM) price prediction for 2023, 2024-2030, we will analyze the price patterns of FTM by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS
FANTOM (FTM) PRICE PREDICTION 2023
|FANTOM (FTM) PRICE PREDICTION 2024, 2025, 2026-2030|
Fantom (FTM) Current Market Status
|Current Price||$0.1763||24 – Hour Price Change||0.01% Down|
|24 – Hour Trading Volume||$25,371,971|
|Circulating Supply||2,803,634,836 FTM||All – Time High||$3.48 (On Oct 28, 2021)|
|All – Time Low||$0.001953 (On Mar 13, 2020)|
What is Fantom (FTM)
|CATEGORY||Decentralized Layer-1 Blockchain|
|LAUNCHED ON||December 2019|
|UTILITIES||Governance, Fast Transactions, gas fees & rewards|
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 24H Technicals
Fantom (FTM) Price Prediction 2023
Fantom (FTM) ranks 63rd on CoinMarketCap in terms of its market capitalization. The overview of the Fantom price prediction for 2023 is explained below with a daily time frame.
FTM/USDT Falling Wedge Pattern (Source: TradingView)
In the above chart, Fantom (FTM) laid out a falling wedge pattern. The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume, which decreases as the channel converges.
The most commonly falling wedge pattern occurs in a clean uptrend. The price action trades higher, however, the buyers lose the momentum at one point and the bears take temporary control over the price action.
At the time of analysis, the price of Fantom (FTM) was recorded at $0.1763. If the pattern trend continues, then the price of FTM might reach the resistance levels of $0.1889, and $0.2101. If the trend reverses, then the price of FTM may fall to the support of $0.1747.
Fantom (FTM) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Fantom (FTM) in 2023.
FTM/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Fantom (FTM) for 2023.
|Resistance Level 1||$0.2481|
|Resistance Level 2||$0.3315|
|Support Level 1||$0.1751|
|Support Level 2||$0.1292|
FTM Resistance & Support Levels
Fantom (FTM) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (FTM) are shown in the chart below.
FTM/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Fantom (FTM) market in 2023.
|50-Day Moving Average (50MA)||Nature of the current trend by comparing the average price over 50 days||50 MA = $0.1934Price = $0.1728|
|Bearish / Downtrend|
|Relative Strength Index (RSI)||Magnitude of price change;Analyzing oversold & overbought conditions||31.9400|
<30 = Oversold
50-70 = Neutral>70 = Overbought
|Relative Volume (RVOL)||Asset’s trading volume in relation to its recent average volumes||Below cutoff line||Weak volume|
Fantom (FTM) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Fantom (FTM) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
FTM/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Fantom (FTM).
|Average Directional Index (ADX)||Strength of the trend momentum||26.5162||Strong Trend|
|Relative Volatility Index (RVI)||Volatility over a specific period||40.45|
<50 = Low
>50 = High
Comparison of FTM with BTC, ETH
Let us now compare the price movements of Fantom (FTM) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs FTM Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of FTM is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of FTM also increases or decreases respectively.
Fantom (FTM) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Fantom (FTM) between 2024, 2025, 2026, 2027, 2028, 2029, and 2030.
|Year||Bullish Price||Bearish Price|
|Fantom (FTM) Price Prediction 2024||$1.8||$0.2|
|Fantom (FTM) Price Prediction 2025||$2.4||$0.37|
|Fantom (FTM) Price Prediction 2026||$3.1||$0.45|
|Fantom (FTM) Price Prediction 2027||$4.4||$0.53|
|Fantom (FTM) Price Prediction 2028||$5.7||$0.66|
|Fantom (FTM) Price Prediction 2029||$6.9||$0.79|
|Fantom (FTM) Price Prediction 2030||$7.5||$1|
If Fantom (FTM) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Fantom (FTM) price prediction for 2023 is $0.3315. Comparatively, if unfavorable sentiment is triggered, the bearish Fantom (FTM) price prediction for 2023 is $0.1292.
If the market momentum and investors’ sentiment positively elevates, then Fantom (FTM) might hit $1. Furthermore, with future upgrades and advancements in the Fantom ecosystem, FTM might surpass its current all-time high (ATH) of $3.48. and mark its new ATH.
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 includeBinance, 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 Oct 28, 2021, Fantom (FTM) reached its new all-time high (ATH) of $3.48.
5. What is the lowest price of Fantom (FTM)?
According to CoinMarketCap, FTM hit its all-time low (ATL) of $0.001953, on Mar 13, 2020.
6. Will Fantom (FTM) reach $1?
If Fantom (FTM) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon.
7. What will be Fantom (FTM) price by 2024?
Fantom (FTM) price is expected to reach $1.8 by 2024.
8. What will be Fantom (FTM) price by 2025?
Fantom (FTM) price is expected to reach $2.4 by 2025.
9. What will be Fantom (FTM) price by 2026?
Fantom (FTM) price is expected to reach $3.1 by 2026.
10. What will be Fantom (FTM) price by 2027?
Fantom (FTM) price is expected to reach $4.4 by 2027.
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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.