Lokesh Gupta
09-03-2024
#Fantom coin price recently surged to its highest point since May 2022 amidst a notable rally.
Throughout the rally, $FTM coin demonstrated strong resilience above the $0.55 mark.
Within a mere three days, the altcoin experienced a remarkable 45% surge, reaching $0.81, largely driven by a positive turnaround from its support level.
A double-bottom reversal pattern has formed, with the neckline resistance breached at $0.655.
Analysis of the daily chart reveals that Fantom price broke through a falling wedge pattern, indicating a bullish trend.
A long tail rejection observed on the daily candle suggests ongoing accumulation by buyers during market dips.
With sustained buying pressure, Fantom's price could potentially target the theoretical goal of the double-bottom pattern at $1.14, representing a potential growth of 42%.
According to Coin Gabbar analysis, Fantom Price Prediction 2030 is projected to be $10, with Fantom Price Prediction 2040 reaching $20.
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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