Fantom Price Surges: Breaking News

Fantom Price Surges: A Comprehensive Analysis

Fantom’s price is on the rise, gaining nearly 6% in just one day and climbing more than 10% over the past few sessions. This sudden surge has caught the attention of investors and traders, as Fantom continues to show strong momentum in the crypto market. Let’s explore what’s driving this upward trend and what it could mean for Fantom moving forward in this Fantom price prediction article.

How Has the Fantom (FTM) Price Moved Recently?

Currently, Fantom is priced at $0.512702, with a 24-hour trading volume of $809.83 million, a market capitalization of $1.44 billion, and a market dominance of 0.07%. Over the past 24 hours, the FTM price has risen by 6%.

Fantom hit its all-time high of $3.47 on October 28, 2021, while its lowest point was recorded on March 13, 2020, at just $0.001762. Since its peak, the lowest price Fantom has reached is $0.164761 (cycle low), with the highest rebound being $1.21957 (cycle high). The current sentiment around Fantom’s price prediction is bullish, and the Fear & Greed Index stands at 39, indicating fear in the market. Fantom has a circulating supply of 2.80 billion FTM, with a maximum supply of 3.18 billion FTM.

Why Is Fantom Price Up?

Fantom’s price is rising due to strong market momentum, with consecutive green candles and no significant pullbacks. This bullish behavior signals that buyers are confidently driving the price higher, with no major resistance at current levels.

If Fantom breaks through its recent highs, it could target the $0.60–$0.65 range, representing a potential 30% increase from its current value. Historically, in bullish phases, assets like FTM tend to experience quick price advances with only brief pauses, suggesting further upside potential if the trend continues.

• Positive sentiment is fueling the upward movement.
• Increased trading volume is adding to the momentum.
• Broader market recovery supports the bullish outlook.

However, the key to sustained growth will be whether Fantom can maintain its momentum and break through key resistance levels without prolonged pullbacks. Should it succeed, the price target of $0.60–$0.65 may be within reach, setting the stage for further gains in the near term.

How High Can the Fantom (FTM) Price Go?

Fantom (FTM) has shown impressive growth, with its price increasing by 164% over the past year, outperforming 79% of the top 100 crypto assets, and even surpassing the gains made by Bitcoin and Ethereum. Trading above the 200-day simple moving average, Fantom’s technical outlook remains bullish, indicating a strong upward trend that could continue.

With 17 green days in the last 30 days (57%), Fantom has maintained positive momentum. Its high liquidity relative to its market cap suggests strong market interest and investor activity, supporting the potential for further price increases.

• Fantom is down 85% from its all-time high of $3.47.
• Current price target: $0.60–$0.65 (30% potential gain).
• Next major target: $1.00, depending on broader market trends.

If Fantom maintains its upward trajectory, it could challenge the $1.00 mark in the longer term, especially if the broader market enters a sustained bullish phase. However, breaking through key resistance levels will be crucial for Fantom’s ability to reach these higher price targets.