Fantom Price Prediction: FTM Crypto Still Consolidates after 58% Recovery, Upcoming 100%?

Fantom price prediction suggests the token’s consolidation phase over the daily price chart.
FTM crypto has slipped below 100 DMA but is still above 20 and 50 EMA.
The pair of FTM/BTC is at 0.00001344 BTC with an intraday drop of 3.84%.

Fantom price prediction suggests that the price action of FTM is downgrading towards the lower price range of the consolidation phase over the daily price chart. FTM cryptocurrency needs to sustain at the current level for the token to maintain itself inside the present price range. However, The token is coming from a 58% tremendous recovery rate in the consecutive 10 days trading sessions. FTM investors need to wait until the token escapes the consolidation phase and thrive for 100% recovery in the upcoming trading sessions. However, volume change can be seen below average which is a matter of worry for FTM traders.

Fantom price is currently approximated at $0.237 and has dropped around 4.45% of its market capitalization in the 24-hour period. Trading volume has decreased by 28% during the intraday trading session. This demonstrates that sellers are approaching the trade to pull FTM from the upper range. Volume to market cap ratio is 0.14.

Fantom price prediction suggests the token’s falling momentum inside the consolidation phase over the daily price chart. FTM coin need to sustain above the lower price range at $0.20 in order to avoid falling below the consolidation phase. However, volume change can be seen below average and needs to grow for FTM to surge back towards the upper price range at $0.25. Meanwhile, FTM crypto has slipped below 100 DMA but is still above 20 and 50 EMA.

Will Fantom Price Sustain above Lower Range?

Fantom price has been declining with strong downtrend momentum towards the lower price range of the consolidation phase over the daily price chart. Technical indicators suggest the declining momentum of FTM cryptocurrency.

Relative Strength Index showcases the downtrend momentum of FTM. RSI is at 54 and is declining towards neutrality. MACD exhibits the downtrend momentum of FTM coin. The MACD line has crossed the signal line downwards registering a negative crossover. FTM investors need to wait until bulls reverse the current trend of FTM cryptocurrency during the intraday trading session.

Conclusion

Fantom price prediction suggests that the price action of FTM is downgrading towards the lower price range of the consolidation phase over the daily price chart. FTM cryptocurrency needs to sustain at the current level for the token to maintain itself inside the present price range. However, The token is coming from a 58% tremendous recovery rate in the consecutive 10 days trading sessions. However, volume change can be seen below average and needs to grow for FTM to surge back towards the upper price range at $0.25. Technical indicators suggest the declining momentum of FTM cryptocurrency. FTM investors need to wait until bulls reverse the current trend of FTM cryptocurrency during the intraday trading session.

Technical Levels

Support Levels: $0.22 and $0.20

Resistance Levels: $0.25 and $0.27

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.