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Bullish FTM price forecast is between $0.3897 and $1.7512.
The FTM price will shortly surpass $2 as well.
The 2022 FTM bearish market price forecast is $0.21.
In the Fantom (FTM) price forecast 2022, we examine the future movement of the cryptocurrency using statistics, price trends, RSI, RVOL, and a variety of other data regarding FTM.
Fantom is a layer-1 EVM-compatible smart contract-based blockchain that was launched in 2019. The blockchain operates on a specialised proof-of-stake (PoS) consensus protocol called Lachesis. Lachesis is an asynchronous Byzantine Fault Tolerant (aBFT) PoS protocol that is based on a directed acyclic graph (DAG) algorithm.
The native coin of the Fantom blockchain is called Fantom (FTM). It is interoperable with the Ethereum and Binance Smart Chain (BSC) blockchains since it is both an ERC-20 and a BEP-20 token.
Launched in 2019, Fantom is a layer-1 EVM-compatible smart contract-based blockchain. Lachesis is a specialised proof-of-stake (PoS) consensus system that powers the blockchain. A directed acyclic graph (DAG) method is the foundation of the asynchronous Byzantine Fault Tolerant (aBFT) PoS protocol known as Lachesis.
Fantom (FTM) is now exchanging at $0.395681 on CoinGecko, having a 24-hour trading volume of $335,123,576. However, during the past 24 hours, FTM has dropped by over 2.1%.
Additionally, there is a supply of 2,541,152,731 Fantom (FTM) in circulation. A number of cryptocurrency exchanges, including Binance, FTX, KuCoin, Gate.io, Bitfinex, Bybit, Huobi worldwide, Gemini, Bitstamp, OKX, Crypto.com, and MEXC, currently support the trading of ADA.
Currently, Fantom (FTM) is ranked 59th on CoinGecko. The 2022 FTM price forecast is described below with a daily time period.
In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trendlines that join changeable pivot highs and lows. A price range or sideways trend is another name for a horizontal channel. When prices are moving in a horizontal channel, there is an equal amount of purchasing and selling pressure. An apparent rectangular pattern is a horizontal channel or sideways trend. Through the provision of buy and sell locations, horizontal channels offer a simple and organised method of trading.
Fantom (FTM) is now trading between $0.379 and $0.399. The price of FTM may hit the $0.6831 barrier level if the trend holds. The price of Fantom (FTM) may drop to $0.2220 if the trend changes.
The following graph displays the Fantom support and resistance levels (FTM).
The Fantom resistance and support levels from the aforementioned daily time frame are as follows: (FTM).
Level 1 Resistance – $0.3922
Level 2 Resistance – $0.6082
Level 3 of Resistance – $0.9628
Level 4 Resistance – $1.7512
Level of Support – $0.2124
According to the charts, Fantom (FTM) has been performing in a bullish trend during the last month. If this trend continues, FTM may overcome its resistance level at $1.7512 by moving with the bulls.
Therefore, if investors start to lose interest in cryptocurrencies, the price of Fantom (FTM) may fall to roughly $0.2124, sending a negative warning.
The Relative Volume (RVOL) of Fantom (FTM) is shown in the following chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of FTM is below the cutoff line, it indicates weaker participants in the current trend.
Additionally, the chart above displays the Fantom (FTM) Moving Average (MA). FTM is now in a bullish position. Notably, the FTM price is fully in an upward trend because it is above the 50 MA (short-term). Therefore, a Fantom (FTM) trend reversal might happen at any time.
The Fantom (FTM) relative strength index (RSI) is now at a reading of 63.30. This indicates that FTM is almost overbought. However, this suggests that Fantom’s (FTM) price may significantly reverse in the following days. Therefore, dealers must trade cautiously.
Let’s examine the Fantom Average Directional Index (ADX) immediately (FTM). It aids in determining the overall power of the present trend. The indicator is the mean of values within an increasing price range. Using DMI indicators and ADX, this approach tries to gauge how strongly prices move in both positive and negative directions.
The ADX of Fantom is seen in the graph above (FTM). FTM now ranges between 30.11, indicating a strong trend.
The Relative Volatility Index (RVI) of Fantom (FTM) may be deduced from the preceding chart. Instead of measuring price changes, RVI evaluates the continuous deviation of price changes over time. The FTM RVI is above 50, suggesting that there is a significant amount of volatility in that direction. In fact, a probable buy signal is confirmed by the fact that FTM’s RSI is at the 63.30 level.
Comparison of FTM with BTC, ETH
The price comparison between Bitcoin, Ethereum, and Fantom is shown in the chart below (FTM).
We can see the trend of the ETH, BTC, and FTM are travelling at the same level as the trend in the above chart. This suggests that the price of ETH and FTM also rises or falls in response to changes in the price of BTC, respectively.
2023 Price Prediction for Fantom (FTM)
Fantom (FTM) may reach $4 by 2023 if the downward price movement entirely slows down in pace and the trend reverses.
2024 Price Prediction for Fantom (FTM)
The network has undergone a number of enhancements, and Fantom (FTM) may soon begin to go upward. If significant investors start paying attention to the currency, FTM may rise above $8 by 2024.
2025 Price Prediction for Fantom (FTM)
Fantom (FTM) would increase to $11 if significant resistance levels were to be maintained and the stock continued to be viewed favourably by investors for the ensuing three years.
2026 Price Prediction for Fantom (FTM)
Fantom (FTM) would rise to $15 if significant resistance levels were to be maintained and the stock continued to be viewed favourably by investors over the ensuing four years.
2027 Price Prediction for Fantom (FTM)
Fantom (FTM) would rise to $18 if significant resistance levels were to be maintained and the stock continued to be viewed favourably by investors for the ensuing five years.
2028 Price Prediction for Fantom (FTM)
Fantom (FTM) may experience huge price increases if it maintains a solid position as a superior investment option for the next six years, despite tendencies in the very volatile cryptocurrency industry. As a result, FTM would reach $21 by 2028.
2029 Price Prediction for Fantom (FTM)
If investors continue to pour money into Fantom (FTM), it would experience significant increases. FTM might reach $23 by 2029.
With greater advancements in the Fantom ecosystem, the crypto community might continue to invest in Fantom (FTM) for the next 8 years and drive significant price rallies for the token. Hence, Fantom (FTM) might hit $25 by 2030.
We may claim that 2022 is a strong year for FTM because of ongoing developments in the Fantom ecosystem. Because of this, $1.7 is the optimistic price forecast for Fantom (FTM) in 2022. The pessimistic FTM price forecast for 2022 is $0.21, on the other hand.
Furthermore, Fantom’s (FTM) performance would aid in exceeding its current all-time high (ATH) of $1.5 very soon because to improvements and innovations made to the Fantom ecosystem. However, if investors think Fantom (FTM) is a smart investment in 2022, it may potentially hit $2.
What is the Fantom (FTM), question 1?
The native coin of the Fantom blockchain is called Fantom (FTM). Fantom is a layer-1 (L1) smart contract-based blockchain that is EVM compatible. It is available as both a BEP-20 and an ERC-20 token. A directed acyclic graph (DAG) algorithm powers the blockchain.
Disclaimer: The author’s perspective is the only one stated in this chart. It isn’t meant to be taken as investment advice. Before investing, TheNewsCrypto crew advises everyone to conduct your own research.