Fantom Price Prediction: FTM The Top Performer After 10% Surge, But Experts Say Consider This P2E Crypto For Exponential Gains

The
Fantom
price
has
surged
10%
in
the
last
24
hours

to
trade
at
$0.3982
as
of
3:25
a.m.
EST
on
a
59%
surge
in
trading
volume
to
$274
million.

This
surge
has
positioned
FTM
as
the
top
gainer
among
the
top
100
coins,
according
to
CoinMarketCap.

 

Fantom
Price
Analysis:
Bulls
Initiate
A
Rebound

The

Fantom
bulls
have
initiated
a
rebound
within
a
bearish
channel
after
a
prolonged
downturn
that
has
since
wiped
out
bulls’
profits.
However,
the
support
zone
at
$0.25
has
provided
the
bulls
another
chance
to
regroup
and
increase
the
price.

FTMUSD
Analysis
Source:
TradingView

The
bulls’
resilience
could
drive
the
price
above
the
bearish
channel
to
new
highs
in
the
coming
weeks.
However,
the
Simple
Moving
Averages
(SMAs)
pose
a
challenge.
The
50-day
SMA
is
just
above
the
price,
while
the
200-day
SMA
is
slightly
further
away.
A
breakout
above
the
50-day
SMA
could
confirm
the
bull
rally,
with
further
validation
if
the
price
surpasses
the
200-day
SMA.
Increased
momentum
could
push
the
price
above
the
bearish
pattern,
allowing
the
bulls
to
drive
it
higher.

Moreover,
the
strong
support
level
has
also
caused
a
rebound
of
the
Relative
Strength
Index
(RSI),
which
has
resulted
in
a
reversal
from
the
30
oversold
levels
to
the
50
midline
level.
This
indicates
intense
buying
pressure
for
the
Fantom
price,
and
could
lead
to
the
RSI
surging
further
into
the
overbought
region
of
70
if
the
bulls
are
resilient.

Additionally,
the
Moving
Average
Divergence
Convergence
(MACD)
is
strongly
rising
from
the
ashes
below
the
neutral
level.
The
blue
average
line
has
also
crossed
above
the
orange
signal
line,
indicating
that
the
buying
pressure
may
become
intense
in
the
upcoming
days.
The
green
histogram
bars
are
also
increasing
and
trading
above
the
neutral
position,
suggesting
a
potential
bull
rally
might
soon
ensue.

Fantom
Price
Prediction:
More
Upside
Coming

The
bulls
are
determined
to
recover
their
losses
as
the

Fantom
price
continues
climbing
towards
the
bearish
channel’s
upper
boundary.
This
means
that
the
more
buying
pressure
there
is,
the
closer
the
breakout
will
be,
helping
the
bulls
to
push
the
price
to
a
new
high
of
$0.7155
this
month. 
With
increased
momentum
and
volatility,
bulls
could
even
drive
the
price
to
reclaim
the
$1.25
high
in
the
upcoming
weeks.

However,
there
is
a
higher
possibility
that
the
50-day
SMA
might
be
resilient
enough
to
allow
the
bears
to
keep
the
price
within
the
descending
channel.
Such
a
scenario
would
cause
the
bulls
to
look
to
the
$0.2402
support
as
a
safe
landing
zone.

A
More
Promising
Alternative

As
the
Fantom
price
attempts
to
escape
from
a
bearish
channel,
investors
are
flocking
to

Playdoge
(PLAY),
which
has
raised
over
$6
million
in
funds
through
its
presale.

Its
momentum
at
this
early
stage
has
caught
the
attention
of
analysts,
including
popular
YouTuber
ClayBro,
who
is
excited
about
PlayDoge’s
meme
coin
nature
and
its
inclusion
of
tokenization.
He
predicts
huge
gains
after
its
launch.

In
the
90s,
the
Tamagotchi
devices
were
a
huge
success,
selling
tens
of
millions
of
units
worldwide.
However,
gameplay
was
limited,
often
resulting
in
the
digital
pets
eventually
dying
and
forcing
players
to
restart
the
game.

Beyond
its
meme
appeal,
the
PLAY
team
plans
to
modernize
the
popular
Tamagotchi
game
from
the
90s
by
integrating
contemporary
blockchain
and
crypto
technology.
The
updated
version
will
allow
players
to
earn
cryptocurrency
rewards
simply
by
caring
for
their
virtual
pets
and
ensuring
they
get
enough
food,
love,
and
sleep.
PlayDoge’s
game
will
also
be
mobile-friendly,
enabling
players
to
enjoy
it
on
their
smartphones.

PlayDoge
currently
offers
a
76%
annual
yield
to
buyers
who
stake
the
token
during
its
presale.
After
purchasing
tokens,
investors
can
lock
up
their
PLAY
through
the
staking
page
on
the
project’s
website
to
unlock
the
high
staking
rewards.

You
can
join
the
project
early
by
purchasing
the
token
using
the
buy
widget
on
the
project’s
website
with
ETH,
BNB,
USDT,
or
a
bank
card. 
However,
you
need
to
hurry,
because
the
price
of
PLAY
is
set
to
rise
in
just
over
3
hours.

Buy
PLAY
here
for
the
76%
APY
before
its
price
increases.

Related
Articles: