Lokesh Gupta
23-03-2024
#Fantom (FTM) price has surged by over 52% in the past seven days, outpacing the broader crypto market.
Notably, FTM has seen rapid growth over the last four weeks, marked by four consecutive bullish weekly candlesticks.
Weekly FTM/USD chart shows bullish momentum, with the latest candlestick closing above key EMAs 20, 50, 100, and 200 periods.
FTM is presently within an elongated third wave of a five-wave upward trend.
The value of FTM has exceeded the 23.60% Fibonacci retracement level at $0.9320, suggesting a bullish breakout and potential targeting of subsequent Fibonacci levels.
Intermediate psychological and technical resistances lie at $1.40 (0.382 Fib).
Breaking $1.15 resistance could propel $FTM to $2.50, reigniting upward momentum and possibly surpassing the crucial $3.50 level.
If sentiment sours, $FTM may drop, finding support near $1.00. Continued bearish trends could drive it lower towards $0.75.
According to Coin Gabbar analysis, #Fantom Price Prediction 2030 will probably to be $10, with Fantom $Price Prediction 2040 with an anticipated increase to $25
KEY LEVELS :
RESISTANCE LEVEL : $1.400-$1.8000
SUPPORT LEVEL : $0.8000-$0.5000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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