Fantom (FTM) Price Prediction 2022

Fantom (FTM) Price Prediction 2022

Fantom (FTM) holds the 59th position on CoinGecko right now. FTM price prediction 2022 is explained below with a daily time frame.

Horizontal channels are trendlines that connect variable pivot highs and lows to show the price contained between the upper line of resistance and lower line of support. A horizontal channel is also known as a price range or sideways trend. In a horizontal channel, buying and selling pressure is equal and the prevailing price direction is sideways. A horizontal channel or sideways trend has the appearance of a rectangle pattern. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points.

Currently, Fantom (FTM) is in the range of $0.4123. If the pattern continues, the price of FTM might reach the resistance level of $1.1465. If the trend reverses, then the price of Fantom (FTM) may fall to $0.3084.

Fantom (FTM) Support and Resistance Levels

The below chart shows the support and resistance level of Fantom (FTM).

תמונת-בזק

From the above daily time frame, the following are the resistance and support levels of Fantom (FTM).

Resistance Level 1 – $0.3922
Resistance Level 2 – $0.6082
Resistance Level 3 – $0.9628
Resistance Level 4 – $1.7512
Support Level – $0.2124

The charts show that Fantom (FTM) has performed a bullish trend over the past month. If this trend continues, FTM might run along with the bulls overtaking its resistance level at $1.7512.

Accordingly, if the investors turn against the crypto, the price of the Fantom (FTM) might plummet to almost $0.2124, a bearish signal.

Happy Trading !!!!
Chart PatternsTechnical IndicatorsTrend Analysis

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