Fantom (FTM) Finally Breaks the $0.7000 Resistance
Login

Fantom (FTM) Finally Breaks the $0.7000 Resistance

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



The price of the FTM token has increased by nearly 4% today—precisely 3.95%. The coin ended the previous day in the green after the market crossed above a key landmark on technical indicators. Today’s gain has occurred and suggests that more increases may yet be seen.

FTM Statistics:
Fantom Price: $0.7028
FTM Capitalization: $1,955,316,679
Fantom’s Circulating Supply: 2,803,634,836
FTM’s Total Supply: 3,175,000,000
Fantom’s CoinMarketCap Rank: 44

Key Price Levels:
Resistance: $0.7200, $0.7700, $0.8200
Support: $0.7000, $0.6500, $0.6000

Fantom (FTM) Finally Breaks the $0.7000 Resistance FTM Market Is Positioned for More Bullish Traction

Price action in the Fantom daily market has found support above the middle limit of the Bollinger Bands (BB) indicator. Bears tried to seize control of price movement from the bulls. However, buyers were able to shake off bearish pressure, and the market has continued its upward trajectory in the ongoing session.

The behavior of the BB indicator suggests that an upward breakout may have begun, which explains the current price action and hints that more gains may follow. The Stochastic Relative Strength Index (Stochastic RSI) is still rising, and the leading line has just crossed the 50 threshold, indicating that upward momentum may gain strength.

Fantom (FTM) Finally Breaks the $0.7000 Resistance Fantom Bulls Seem Set to Continue

On the 4-hour chart of the Fantom market, price activity suggests readiness to extend toward higher price levels. The previous session ended in favor of the bulls, showing moderate gains. A new session has begun with price action above the middle limit of the BB indicator, with buyers still in control.

The BB indicator is tilted upward, while the Stochastic RSI has delivered a bullish crossover. As a result, technical indicators are aligned to suggest that upward forces may still propel the market. Therefore, traders can utilize crypto signals targeting the $0.7100 level for short-term gains, and around $0.7200 in the meantime.

Start using a world-class auto trading solution.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News