Fantom Dropped -7.82% in Last Month and is Predicted to Reach $0.465425 By Feb 12, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Fantom is up 3.38% today against the US Dollar
• Fantom is currently trading 20.77% below our prediction on Feb 12, 2024
• Fantom dropped -7.82% in the last month and is down -34.81% since 1 year ago

FTM price is expected to rise by 28.36% in the next 5 days according to our Fantom price prediction

is trading at $ 0.368750 after gaining 3.38% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.82% in the same time period. FTM performed well against BTC today and recorded a 0.46% gain against the world’s largest cryptocurrency.

According to our Fantom price prediction, FTM is expected to reach a price of $ 0.465425 by Feb 12, 2024. This would represent a 28.36% price increase for FTM in the next 5 days.

FTM Price Prediction Chart

Buy/Sell Fantom

What has been going on with Fantom in the last 30 days

Fantom has been displaying a negative trend recently, as the coin lost -7.82% in the last 30-days. The medium-term trend for Fantom has been bullish, with FTM increasing by 44.27% in the last 3 months. The long-term picture for Fantom has been negative, as FTM is currently displaying a -34.81% 1-year price change. On this day last year, FTM was trading at $ 0.565612.

Fantom reached its all-time high price on Oct 28, 2021, when the price of FTM peaked at $ 3.47. The current FTM cycle high is $ 0.654477, while the cycle low is at $ 0.164761. FTM has been displaying low volatility recently – the 1-month volatility of the coin is at 6.27. Fantom recorded 15 green days in the last 30 days.

Fantom technical analysis for today – Feb 08, 2024

The sentiment in the Fantom markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.353211, $ 0.349489 and $ 0.344405, while $ 0.362017, $ 0.367101 and $ 0.370823 are the key resistance levels.

Neutral sentiment for Fantom

17 indicators are currently signaling a bullish prediction for Fantom, while 12 indicators are showing a bearish forecast. With 59% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Fantom.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 62 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Fantom moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Fantom is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Fantom is at 45.62, suggesting that FTM is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Fantom over the last 50 days. Currently, Fantom is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the FTM closing price for the last 200 days. FTM is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Fantom prediction

After considering the above factors, we can conclude that the current forecast for Fantom price prediction is Neutral. FTM would have to increase by 28.36% to hit our $ 0.465425 target within the next five days. Moving forward, it will be important to monitor the FTM market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Fantom price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.