cryptocurrency

Fantom (FTM) Price Prediction 2022 – Will the FTM Price $2 Soon?

  • The bullish FTM price prediction is 0.3897 USD to 1.7348 USD .
  • The FTM will also be priced at $2 soon.
  • The bearish market price forecast for the FTM for 2022 is $0.2124.

At Fantom (FTM) Price Prediction for 2022, we use statistics, price patterns, RSI, RVOL, and many other information about the FTM to analyze the future movement of cryptocurrencies.

What is Fantom (FTM)?

Fantom (FTM) is the original cryptocurrency of the Fantom blockchain. It exists as an ERC-20 token and a BEP-20 token confirming that it is compatible with both the Ethereum and Binance Smart Chain (BSC) blockchains.

Fantom is an EVM Layer 1 compliant contract-based smart blockchain launched in 2019. The blockchain runs on a specialized Proof of Stake (PoS) consensus protocol called Lachesis. Lachesis is an asynchronous Byzantine Fault (aBFT) PoS protocol based on the Directed Non-Periodic Graph (DAG) algorithm.

Fantom (FTM) Current Market Status

according to Queen GekkoFantom (FTM) price is $0.265917 with a 24-hour trading volume of $161,732,577 at the time of writing. However, FTM is down about 3.5% in the last 24 hours.

Furthermore, Fantom (FTM) has a circulating supply of 2,541,152,731 FTM. Currently, ADA trades on cryptocurrency exchanges such as Binance, FTX, KuCoin, Gate.io, Bitfinex, Bybit, Huobi global, Gemini, Bitstamp, OKX, Crypto.com and MEXC.

Fantom (FTM) Forecast Prices 2022

Fantom (FTM) ranks 70th in Queen Gekko Immediately. The FTM 2022 price forecast is explained below with a daily time frame.

The falling wedge is a bullish price pattern that is a story about the market as the bulls prepare for another push. The falling wedge pattern is bullish, although it appeared after a downtrend. The falling wedge pattern acts as a trend as a trend reversal and trend continuation pattern. If the falling wedge appears in a downtrend, it is considered a reversal pattern.

A falling wedge is an important technical formation that indicates that a correction or consolidation has just ended as the price of the asset has left the wedge to the upside, and in most cases, a continuation of the overall trend occurs.
Currently, Fantom (FTM) is in the $0.265917 range. If the pattern continues, FTM price could reach the $0.3178, $0.4209 and $0.5552 resistance levels. If the trend reverses, Fantom (FTM) price could drop to $0.2863 and $0.2366.

Fantom Support and Resistance (FTM) Levels

The chart below shows the Fantom (FTM) support and resistance level.

FTMEUSDT Support and Resistance Level (Source: TradingView)

From the daily time frame above, below are the resistance and support levels for Fantom (FTM).

resistance level 1 0.3922 USD
resistance level 2 $0.6082
resistance level 3 $0.9628
resistance level 4 US $1.7348
Support level 0.2124 USD
FTME resistance and support level

The charts show that Fantom (FTM) has conducted an upward trend over the past month. If this trend continues, the FTM may work in tandem with the bulls taking out the resistance at $1.7348.

Accordingly, if investors turn against the cryptocurrency, the price of Fantom (FTM) could drop to close to $0.2124, which is a bearish sign.

Fantom (FTM) Price Forecast 2022 – RVOL, MA and RSI

The Fantom Relative Size (RVOL) (FTM) is shown in the following graph. It is an indicator of how the current trading volume has changed over a period of time from the previous volume of traders. Currently, the RVOL of FTM is below the cutoff line, this indicates weaker participants in the current trend.

Furthermore, the Moving Average (MA) of Fantom (FTM) is shown in the above chart. Currently, FTM is in a downturn. Notably, the FTM price is below the 50 MA (short term), so it is quite in a downtrend. Therefore, there is a possibility of a Fantom (FTM) trend reversal at any time.

Meanwhile, the Relative Strength Index (RSI) for Fantom (FTM) is at 41.96. This means that the FTM is almost in an oversold state. However, this means that a major Fantom (FTM) price reversal could occur in the coming days. Therefore, traders need to trade carefully.

Fantom (FTM) Price Forecast 2022 – ADX, RVI

Let’s now take a look at Fantom’s Average Directional Indicator (ADX) (FTM). It helps to measure the overall strength of the current trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

The chart above represents the ADX of Fantom (FTM) indicator. Currently, the FTM is in the 24.5380 range so it indicates a strong trend.

From the above chart, the Fantom Relative Volatility Index (RVI) (FTM) can be interpreted. RVI measures the continuous skewness of price changes over a period of time rather than price changes. RVI for FTM is above 50 levels, which indicates that the volatility trend is high. In fact, the FTM RSI is at 41.96 confirming a possible buy signal.

Comparing FTM to BTC and ETH

The chart below shows a price comparison between Bitcoin, Ethereum, and Fantom (FTM).

BTC Vs ETH Vs FTM Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of ETH, BTC and FTM moving in the same trend level. This indicates that when the price of BTC increases or decreases, the price of ETH and FTM also increases or decreases, respectively.

Fantom (FTM) Forecast Prices 2023

If a falling price action completely slows down in momentum and the trend reverses, Phantom (FTM) You’ll likely make $8 by 2023.

Fantom (FTM) Forecast Prices 2024

With several network upgrades, Fantom (FTM) may be entering an upward trajectory. If the coin grabs the attention of major investors, the FTM could rise to $11 by 2024.

Fantom (FTM) Forecast Prices 2025

If Fantom (FTM) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, the FTM will rise to $14.

Fantom (FTM) Forecast Prices 2026

If Fantom (FTM) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, the FTM will rise to $20.

Fantom (FTM) Price Forecast 2027

If Fantom (FTM) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, the FTM will rise to $26.

Fantom (FTM) Price Forecast 2028

Despite the trends in the highly volatile cryptocurrency market, if Fantom (FTM) maintains a strong position as a better investment option for the next six years, it could drive prices higher. Thus, by 2028, the price of the FTM will reach $31.

Fantom (FTM) Price Forecast 2029

If investors flock and continue to place their bets on Fantom (FTM), this will see huge spikes. The FTM could reach $40 by 2029.

conclusion

With the continuous improvements in the Fantom ecosystem, we can say that 2022 is a good year for the FTM. Because of this, the forecast for the Fantom (FTM) bullish price in 2022 is $1.7348. On the other hand, the bearish FTM price prediction for 2022 is $0.21.

Furthermore, with developments and upgrades in the Fantom ecosystem, it will help Fantom’s performance (FTM) reach an all-time high (ATH) of $1.5 soon. But, it could also reach $2 if investors think Fantom (FTM) is a good investment in 2022.

Instructions

1. What is Fantom (FTM)?

Fantom (FTM) is the original cryptocurrency of the Fantom blockchain. Fantom is an EVM-compliant Layer 1 (L1) nodes based smart blockchain. It exists as an ERC-20 and BEP-20 code. The blockchain works on the basis of the directed non-periodic graph (DAG) algorithm.

2. Where can you buy Fantom (FTM)?

Fantom (FTM) is listed on several cryptocurrency exchanges which include Binance, FTX, KuCoin, Gate.io, Bitfinex, Bybit, Huobi global, Gemini, Bitstamp, OKX, Crypto.com, and MEXC.

3. Is Fantom (FTM) coming to a new ATH soon?

With constant developments and updates within the Fantom platform, Fantom (FTM) has a high potential to reach ATH soon.

4. What is the all-time current height (ATH) for Fantom (FTM)?

On October 28, 2021, the FTM reached an all-time high (ATH) of $3.46.

5. Is Fantom (FTM) a good investment in 2022?

Fantom (FTM) appears to be one of the best cryptocurrencies to gain this year. According to FTM’s record achievements in the past few months, FTM is a good investment in 2022.

6. Can Fantom (FTM) reach $2?

Fantom (FTM) is one of the active cryptocurrencies that is still maintaining its bullish state. Ultimately, if this bullish trend continues, Fantom (FTM) will reach $2 soon.

7. What will be the price of Fantom (FTM) by 2023?

The Fantom (FTM) is expected to reach $4 by 2023.

8. What will it be Phantom (FTM) price By 2024?

Fantom (FTM) is expected to reach $8 by 2024.

9. What will it be Phantom (FTM) By 2025?

The Fantom (FTM) price is expected to reach $11 by 2025.

10. What would it be? Phantom (FTM) By 2026?

The Fantom (FTM) price is expected to reach $15 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. Not to be construed as investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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