Fantom Price Prediction – Will FTM Price Hit $10 Soon?

This Fantom (FTM) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our FTM price analysis and prediction.

There is an ever-increasing hype surrounding the crypto world. Moreover, many digital assets surged to a new all-time high during this 2021 bull run. In contrast, some crypto also had a downtrend. Therefore, many cryptocurrency traders and investors are confused about whether it is time to hold or sell their crypto for a good price. This might be the same scenario for FTM traders and investors.

Would these events be good enough to make Fantom a good investment? Should we invest before the year ends or by 2021? Let us find out in this CoinQuora Fantom (FTM) market analysis and price prediction 2021 article.

What is Fantom (FTM)?

Fantom (FTM) is described as an acyclic graph (DAG) smart contract project which offers decentralized finance (DeFi) services to developers utilizing its own bespoke consensus methodology.

More so, along with its in-house token Fantom (FTM) aims to solve issues associated with smart-contracts platforms, mainly transaction speed which developers explain they have decreased to under two seconds.

In addition, the Fantom Foundation which can oversee the Fantom product offering was originally developed in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

Now that we have an idea about FTM, do you think FTM will be profitable crypto in 2021? Join me and let us see the charts in this FTM price analysis and FTM price prediction.

Fantom (FTM) Current Market Status

As of the time of writing this Fantom price analysis, FTM trades at $3.06 with a 24-hour trading volume of $1,562,169,938. The price of FTM has decreased by 9.35% in the last 24 hours.

Furthermore, FTM has a current circulating supply of 2.55B FTM. Currently, the top cryptocurrency exchanges for FTM are Binance, OKEx, FTX, KuCoin, and Mandala Exchange.

Now, let’s proceed to the next part of this FTM technical analysis for 2021.

Fantom (FTM) Price Analysis 2021

Currently, Fantom holds 27th place on CoinMarketCap. But will the latest upgrades, development, and changes in the FTM blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this FTM price prediction article.

Based on the chart above, FTM positions itself along with the raging bulls. Today, FTM trades at a high price of $2.95. In addition, we can see that FTM recently performed an Ascending Channel pattern.

An ascending channel is the price movement that occurs in an upward direction via a rising parallel line. More so, the chart shows that the Higher Highs and Higher Lows form this price pattern. In addition, this pattern represents a short-term bullish.

In other words, FTM is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with FTM.

Conversely, if the bulls turn against the crypto, the price of FTM might fall. In short, FTM might break out from its uptrend position and nosedive to a bearish price. Indeed, this price level is not a good picture in the eyes of the investors.

Fantom (FTM) Price Prediction 2021

The chart below shows that Fantom has performed great over the past few days. Moreover, the FTM price has dropped 9.79% in the last 24-hours. If this trend continues, FTM might run along with the bulls, overtaking its $5.8 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone FTM from its uptrend position. In simpler terms, the price of FTM might plummet to almost $1.16, a bearish signal.

Meanwhile, our long-term FTM price prediction for 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $3.47 this year. However, that will only happen if it breaks many previous psychological resistances.

Fantom (FTM) Price Prediction 2021 — RVOL, MA, and RSI

Since the start of 2021, FTM’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by consolidation, fluctuations, and corrections right away.

The below chart shows the Relative Volume (RVOL) of FTM. It is an indicator that indicates to traders how the current trading volume has changed over a period of time compared to the previous trading volume. Currently, the RVOL of FTM lies below the cutoff line which indicates the weaker participants in the current trend.

More so, Fantom’s Moving Average (MA) is shown in the chart above. Currently, FTM is in a bullish state. Notably, the FTM price is above 50 MA and 200 MA (long-term), so it is completely in a bullish state. Therefore, there is a high possibility of a trend reversal at any time.

Meanwhile, the relative strength index (RSI) of the crypto is at level 67.78. This means that the crypto is in a nearly overbought state. In this event, traders and investors must trade with caution to prevent unexpected price dumps. With this, traders can avoid losing huge amounts of funds and maximize their profit potential in trading.

Fantom (FTM) Price Prediction 2021 — ADX, RVI

Let us now look at Fantom’s Average Directional Index (ADX). In particular, the ADX assists traders in finding the strength of a trend rather than its direction. It can also be utilized to determine whether the market is changing or if a new trend is beginning. Specifically, ADX is linked to the Directional Movement Index (DMI).

The above chart represents the ADX of Fantom. Currently, Fantom lies in the range of 51.68, so it indicates a strong trend. This shows that the price of ADX can go bullish in the future. The above chart shows the Relative Volatility Index (RVI).

In detail, RVI measures the standard deviation of price changes over a period rather than the absolute price changes. RVI is above 40 levels, this indicates the direction of volatility is to the downside. In fact, RVI is at a 58.38 level so it confirms a potential buy signal.

Would this be enough to make Fantom profitable crypto from 2021 to 2025? Let us find out in this CoinQuora FTM price prediction 2021 to 2025.

Fantom (FTM) Price Prediction 2022

If this bullish trend continues, FTM will reach $15 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $25. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $15 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Fantom (FTM) Price Prediction 2023

If FTM holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $40, making it not plummet but play consistently.

Fantom (FTM) Price Prediction 2024

As per the latest upgrades, developments, FTM price prediction, and new project forecasts of the platform, FTM investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of FTM in the crypto market, and it will be the best investment as the price can spike and reach around $52.

Fantom (FTM) Price Prediction 2025

In the next four years, FTM prices could race up to $75. However, reaching this level could not be so difficult for FTM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that FTM has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Fantom has a bright future ahead of it in 2021. With the ongoing developments happening within the FTM ecosystem, as well as in the overall crypto market, we may see FTM reach new heights.

Bullish FTM price prediction 2021 is $3.56. As said above, it may even reach $10 if investors have decided that FTM is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum. 

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.