FTM/USD Likely To Step Above $0.255

The Fantom price prediction is recovering from the daily opening price at the $0.245 level as the price heads to the upside.

Fantom Prediction Statistics Data:

• Fantom price now – $0.254
• Fantom market cap – $648.7 million
• Fantom circulating supply – 2.55 billion
• Fantom total supply – 2.5 billion
• Fantom Coinmarketcap ranking – #60

FTM/USD Market

Key Levels:

Resistance levels: $0.340, $0.360, $0.380

Support levels: $0.170, $0.150, $0.130

FTM/USD is trading above the 9-day and 21-day moving averages after touching the daily high at the $0.257 resistance level. At the time of writing, the Fantom price is changing hands at $0.254, having gained over 3.79% since the beginning of the European session. However, with latest the recovery, the digital asset is likely to cross above the upper boundary of the channel to increase the bullish movement.

Fantom Price Prediction: Can FANTOM Break Above $0.300?

The Fantom price stays above the 9-day and 21-day moving averages at the price level of $0.254. However, if the bulls cross above the upper boundary of the channel, they could touch the resistance levels of $0.340, $0.360, and $0.380. In other words, any strong selling pressure below the moving averages may drag the price toward the lower boundary of the channel.

However, should in case the Fantom price head to the downside, a bearish continuation could bring the price to the supports of $0.170, $0.150, and $0.130. Meanwhile, the technical indicator Relative Strength Index (14) is above the 60-level, indicating a bullish movement.

Against Bitcoin, the Fantom price is heading to the north as the coin remains above the 9-day and 21-day moving averages. However, following the recent positive sign, the current market movement may continue to follow upward movement if the buyers push the price above the upper boundary of the channel.

Moreover, as the technical indicator Relative Strength Index (14) moves within the overbought region, the market price could hit the resistance level of 1800 SAT and above. Meanwhile, a retest below the 9-day moving average could lower the price to the support level of 1200 SAT and below.

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