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 reached 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, with the Fear & Greed Index at 39, indicating fear in the market. The circulating supply of Fantom is 2.80 billion FTM, with a maximum supply of 3.18 billion FTM.
Why Is Fantom Price Up?
Fantom’s price increase is attributed to strong market momentum, as evidenced by consecutive green candles and the lack of significant pullbacks. This bullish behavior suggests that buyers are confidently driving the price higher, with minimal resistance at current levels.
If Fantom can break through its recent highs, it may target the $0.60–$0.65 range, representing a potential 30% increase from its current value. Historically, during bullish phases, assets like FTM tend to experience rapid price advances with brief pauses in between, indicating further upside potential if the trend persists.
Looking ahead, Fantom’s upward movement is likely driven by a combination of positive sentiment, increased trading volume, and a broader market recovery. If external factors such as overall market conditions and investor confidence remain favorable, Fantom could see sustained growth.
However, maintaining momentum and breaking through key resistance levels without prolonged pullbacks will be crucial. Success in this area could position Fantom to reach its price target of $0.60–$0.65, setting the stage for further gains in the near term.
How High Can the Fantom (FTM) Price Go?
Fantom (FTM) has demonstrated impressive growth, with its price increasing by 164% over the past year, outperforming 79% of the top 100 crypto assets and surpassing gains made by Bitcoin and Ethereum. Trading above the 200-day simple moving average, Fantom’s technical outlook is bullish, suggesting a strong upward trend that could continue.
The fact that Fantom has experienced 17 green days in the last 30 days (57%) reinforces this positive momentum. Additionally, Fantom’s high liquidity relative to its market cap indicates sufficient market interest and investor activity to support further price increases.
Despite being 85% down from its all-time high of $3.47, the steady rise and current momentum suggest that a recovery is underway. If FTM maintains its upward trajectory, the next price target could be between $0.60 and $0.65, representing a potential 30% gain from current levels. Beyond that, if Fantom continues to outperform major crypto assets and maintain its positive trend, it could challenge the $1.00 mark in the longer term, especially if the broader market enters a sustained bullish phase.
Breaking past key resistance levels will be crucial for Fantom’s ability to reach these higher targets.
Ecosystem
Research
News Network
About