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10 months ago
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ARTICLE AD BOX
- Bullish FTM price prediction for 2024 is $0.5444 to $1.0296.
- Fantom (FTM) price might reach $1 soon.
- Bearish FTM price prediction for 2024 is $0.1765.
In this Fantom (FTM) price prediction for 2024, 2025-2030, we will analyze the price patterns of FTM by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
FANTOM (FTM) PRICE PREDICTION 2024 |
|
| FANTOM (FTM) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Fantom (FTM) Current Market Status
| Current Price | $0.3622 | 24 – Hour Price Change | 0.71% Up |
| 24 – Hour Trading Volume | $35,074,000 |
| Market Cap | />$1,015,608,343 |
| Circulating Supply | 2,803,634,836 FTM | All – Time High | $3.48 (On Oct 28, 2021) |
| All – Time Low | $0.001953 (On Mar 13, 2020) |
What is Fantom (FTM)
| TICKER | FTM |
| BLOCKCHAIN | Fantom |
| CATEGORY | Decentralized Layer-1 Blockchain |
| LAUNCHED ON | December 2019 |
| UTILITIES | Governance, Fast Transactions, gas fees & rewards |
Fantom (FTM) is the native cryptocurrency of the Fantom blockchain. It exists both as an ERC-20 token and a BEP-20 token confirming that it is compatible with both Ethereum and Binance Smart Chain (BSC) blockchains.
Fantom is a layer-1 EVM-compatible smart contract-based blockchain that was launched in 2019. The blockchain operates on a specialized 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.
Fantom 24H Technicals
(Source: TradingView)Fantom (FTM) Price Prediction 2024
Fantom (FTM) ranks 60th on CoinMarketCap in terms of its market capitalization. The overview of the Fantom price prediction for 2024 is explained below with a daily time frame.
In the above chart, Fantom (FTM) laid out a Descending Channel, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.
At the time of analysis, the price of Fantom (FTM) was recorded at $0.3592. If the pattern trend continues, then the price of FTM might reach the resistance levels of $0.3993, and $0.5799. If the trend reverses, then the price of FTM may fall to the support of $0.3065.
Fantom (FTM) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Fantom (FTM) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Fantom (FTM) for 2024.
| Resistance Level 1 | $0.5444 |
| Resistance Level 2 | $1.0296 |
| Support Level 1 | $0.3243 |
| Support Level 2 | $0.1765 |
Fantom (FTM) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Fantom (FTM) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Fantom (FTM) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.4110 Price = $0.3603 (50MA> Price) | Bearish / Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 46.5577 <30 = Oversold 50-70 = Neutral >70 = Overbought | Nearly Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Fantom (FTM) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Fantom (FTM) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Fantom (FTM).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 22.2977 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 56.26 <50 = Low >50 = High | High volatility |
Comparison of FTM with BTC, ETH
Let us now compare the price movements of Fantom (FTM) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of FTM is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of FTM also increases or decreases respectively.
Fantom (FTM) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Fantom (FTM) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Fantom (FTM) Price Prediction 2025 | $1.2 | $0.37 |
| Fantom (FTM) Price Prediction 2026 | $1.5 | $0.45 |
| Fantom (FTM) Price Prediction 2027 | $1.8 | $0.53 |
| Fantom (FTM) Price Prediction 2028 | $2.3 | $0.66 |
| Fantom (FTM) Price Prediction 2029 | $2.7 | $0.79 |
| Fantom (FTM) Price Prediction 2030 | $3 | $1 |
Conclusion
If Fantom (FTM) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Fantom (FTM) price prediction for 2024 is $1.0296. Comparatively, if unfavorable sentiment is triggered, the bearish Fantom (FTM) price prediction for 2024 is $0.1765
If the market momentum and investors’ sentiment positively elevates, then Fantom (FTM) might hit $1. Furthermore, with future upgrades and advancements in the Fantom ecosystem, FTM might surpass its current all-time high (ATH) of $3.48. and mark its new ATH.
FAQ
1. What is Fantom (FTM)?
Fantom (FTM) is the native cryptocurrency of the Fantom blockchain. Fantom is a layer-1 (L1), EVM-compatible smart contract-based blockchain. It exists both as an ERC-20 and a BEP-20 token. The blockchain operates based on a directed acyclic graph (DAG) algorithm.
2. Where can you purchase Fantom (FTM)?
Fantom (FTM) has been listed on many crypto exchanges which includeBinance, CoinTiger, OKX, BTCEX, and Bitrue.
3. Will Fantom (FTM) reach a new ATH soon?
With the ongoing developments and upgrades within the Fantom Platform, FTM has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Fantom (FTM)?
On Oct 28, 2021, Fantom (FTM) reached its new all-time high (ATH) of $3.48.
5. What is the lowest price of Fantom (FTM)?
According to CoinMarketCap, FTM hit its all-time low (ATL) of $0.001953, on Mar 13, 2020.
6. Will Fantom (FTM) reach $1?
If Fantom (FTM) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon.
7. What will be Fantom (FTM) price by 2025?
Fantom (FTM) price is expected to reach $1.2 by 2025.
8. What will be Fantom (FTM) price by 2026?
Fantom (FTM) price is expected to reach $1.5 by 2026.
9. What will be Fantom (FTM) price by 2027?
Fantom (FTM) price is expected to reach $1.8 by 2027.
10. What will be Fantom (FTM) price by 2028?
Fantom (FTM) price is expected to reach $2.3 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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