Fantom (FTM) Breaks Through the $0.3400 Resistance Level

Following the price surge that concluded in the FTM daily market on the 12th of last month, buyers seem to have regrouped exactly at the $0.2800 mark. As soon as price action touched down on that support, there was an upside rebound in price movement. Yet, at this point, it appears that more is on the way.

Key FTM Statistics:
Current Basic Fantom Value: $0.3463
FTM Market Cap: $956,442,366
Fantom Circulating Supply: 956,442,366
Total Supply of Fantom: 3,175,000,000
FTM CoinMarketCap Ranking: 65

Key Price Levels:
Resistance: $0.3463, $0.3500, and $0.3550
Support: $0.3400, $0.3350, and $0.3300

Fantom Aims to Surpass the $0.3512 Mark

Since price action in the FTM market regained upside momentum off the $0.3000 mark, buyers have dominated the market. Therefore, most of the trading session has been profitable, with prices climbing higher.

Today’s trading session has seen more significant price increases, and the corresponding price candles are testing the highest band of the Bollinger Bands indicator. Additionally, a bullish crossover is evident on the Moving Average Convergence Divergence (MACD) indicator lines, further supporting the opinion that prices may climb higher in the upcoming session.

FTM Bulls Remain Optimistic

Price activity in the Fantom market suggests that buyers are holding onto their bullish opinion about this token. Since the previous season, buyers have been dominant. The ongoing 4-hour session is leaping towards the uppermost limit of the Bollinger Bands indicator.

Meanwhile, the MACD indicator lines show a bullish crossover just below the 50 mark of the indicator, indicating that price action may gain more traction. As a result, this token may extend upside retracement through the $0.3500 mark.

Trade crypto coins on AvaTrade