Following the bearish reversal from the $1.15 mark, the FTM price drops under the $1 psychological mark. However, despite the increased market volatility, the Fantom token’s price sustains dominance at the crucial support zone of $0.65.
With the broader market recovery, the altcoins are experiencing a surge in trading volume. Will this turning around pump the Fantom price above $1? Find out more in our FTM price prediction, which projects a sprint to $10 in 2024.
FTM Price Performance
With a 26% drop in the last 30 days, the FTM price continues a sideways trend over the $0.65 support zone. The lower price rejection is evident in the Fantom price trend, which has led to a streak of Doji candles.
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Further, the lower price rejection takes cushion from the 50W EMA as it rises after the recent golden crossover. With the sideways shift, the weekly RSI line takes a similar shift above the halfway line.
Currently, the FTM price trades at $0.7272 with an intraday growth of 1.35%, following the 8.52% jump last night. Further, the daily chart shows a double bottom reversal in the daily chart, increasing the uptrend chances.
Will FTM Price Surpass $1.50?
In the weekly chart, the streak of Doji candle reflect a high likelihood of a bullish reversal, following the massive drop in April. Further, the 1D chart projects a double bottom reversal increasing the uptrend possibility. In case the uptrend manages to surpass the 23.60% Fibonacci level at $0.90, the Fantom price could reclaim the $1 mark.
Optimistically, the uptrend can reach the $1.73 mark or the 50% Fibonacci level.