Fantom Price Continues Tumbling! What’s Next For FTM Price This Month?

The post Fantom Price Continues Tumbling! What’s Next For FTM Price This Month? appeared first on Coinpedia Fintech News

The top crypto tokens continue to display a neutral trend, indicating weak market sentiments in the crypto space. Further, the inflow in the mid-cap altcoins has experienced a significant rise, highlighting a possible burst for altcoins in the coming time.

The Fantom price constantly gained momentum and jumped approximately 30% before facing rejection at $0.4903. Following this, the price traded sideways for a while, after which the price experienced another jump of over 15% in valuation.

TradingView: FTM/USDT

After facing restriction at $0.5674, the Fantom token was constantly trading under a bearish influence and recorded a correction of 19.84%. Following this, the price traded sideways for a while and after multiple attempts, tested for a breakout.

However, the bears overpowered the bulls, resulting in a correction of over 30% over the next week. Since then, the price has been constantly trading in a consolidated range between $0.3803 and $0.4184.

The technical indicator, RSI, shows a rise in the chart, suggesting an increased bullish sentiment. Moreover, the averages display a neutral trend, highlighting a mixed sentiment in the crypto space.

Will FTM Price Rise Back Up?

If the bulls push the price above its key resistance level of $0.4184, the FTM price will rest at its upper resistance level of $0.4540. Further, if the bulls maintain the price at that level, it will prepare to test its resistance level of $0.4903 in the coming time.

On the flip side, if the bears overpowered the bulls, the FTM price would lose momentum and fall to test its support level of $0.3803.

Further, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.3411 during the week ahead.