Is It Too Late To Buy FTM? Fantom Price Pumps 26% In A Week On Sonic Network Upgrade And This Crypto Casino Might Be Next To Explode

The
Fantom
price


surged

over
26%
in
the
past
7
days
to
trade
at
$0.8798
as
of
5:45
a.m.
EST.

The
FTM
price
surge
followed
the
Fantom
Foundation
revealing
new
details
on
its


Sonic
Network

migration.
This
move
is
part
of
the
project’s
response
to
scalability
issues
suffered
by
the
majority
of
the
blockchain
networks
currently
in
the
market.

Michael
Kong
Unveils
Sonic’s
Launch
and
Beyond

TL;DR
Sonic
will
be
used
to
create
a
new
best-in-class
shared
(decentralized)
sequencer
for
L1
and
L2
chains,
capable
of
180M
daily
transactions
at
sub-second
finality,
and
serve
as
the
foundation
to
relaunch
Fantom
as
an
entirely…

pic.twitter.com/AFEYxddC09

—
Fantom
Foundation
(@FantomFDN)

March
25,
2024

By
integrating
with
this
“best-in-class”
network
sequencer,
blockchain
networks
achieve
a
higher
throughput.
The
sequencer
is
able
to
process
180
million
transactions
a
day
with
“sub-second
finality,”
according
to
the
project’s
team.

The
Fantom
Price
Could
Break
Out
Soon

4-hour
chart
for
FTM/USD
(Source:


GeckoTerminal)

The


Fantom

price
attempted
to
overcome
the
resistance
level
at
$0.9168
over
the
past
48
hours.
However,
sellers
were
able
to
defend
the
mark.
This
led
to
a
correction
throughout
the
past
day
of
trading.
FTM
is
now
resting
on
the
$0.8442
support
level
as
a
result.

The
latest
movements
by
the
Fantom
price
have
resulted
in
the
formation
of
a
symmetrical
triangle
on
its
4-hour
chart.
This
particular
chart
pattern
suggests
that
the
altcoin
could
enter
into
a
strong
move
in
either
direction
in
the
coming
24
hours.

Should
FTM
break
down,
it
might
lose
the
support
of
the
aforementioned
$0.8442
mark.
Traders
could
then
choose
to
capitalize
on
this
and
try
to
pull
the
crypto’s
price
down
to
as
low
as
the
next
key
support
level
at
$0.7779
in
the
short
term.

On
the
other
hand,
a
bullish
surge
above
the
symmetrical
triangle
might
see
the
Fantom
price
flip
the
$0.9168
barrier
into
support.
A
4-hour
candle
close
above
this
major
price
point
could
then
be
identified
as
a
long
entry
by
traders.
This
potential
influx
of
buy
volume
might
subsequently
push
FTM
to
$0.9736
in
the
following
couple
of
days.

The
Fantom
Price:
Buyer
Strength
Dropped

Technical
indicators
on
FTM’s
4-hour
chart
show
that
bears
and
bulls
are
currently
evenly
matched.
It
does,
however,
seem
that
more
buyers
are
starting
to
enter
the
altcoin’s
charts.

Following
the
rejection
from
the
$0.9168
resistance,
the
Moving
Average
Convergence
Divergence
(MACD)
line
crossed
below
the
MACD
Signal
line.
Traders
usually
identify
this
technical
occurrence
as
an
indication
that
a
crypto
has
entered
a
negative
cycle.

Meanwhile,
FTM’s
Relative
Strength
Index
(RSI)
indicator
on
the
4-hour
chart
shows
that
buyers’
strength
also
dropped
over
the
past
24
hours.

FTM’s
bearish
situation
could
soon
change,
as
both
the
MACD
and
RSI
are
starting
to
show
bullish
signs.
Firstly,
the
MACD
line
is
rising
towards
the
MACD
Signal
line.
A
cross
between
these
two
technical
indicators
in
the
upcoming
12
hours
might
signal
that
FTM
has
escaped
its
negative
cycle.

Buyers
are
also
starting
to
regain
some
of
the
strength
they
lost
recently,
as
evident
by
the
positive
slope
of
the
RSI
line.
What’s
more,
the
RSI
is
above
50,
which
could
signal
that
bulls
have
the
upper
hand
against
bears.
With
the
positive
slope
of
the
RSI,
buyers
seem
to
be
growing
more
dominant.

After

Fantom‘s
surge,

investors
might
consider
shifting
some
of
their
gains
into
Solana
GameFi
sensation


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Dice.

A
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pic.twitter.com/fMawbexpk2

—
Mega
Dice
Casino
(@megadice)

May
16,
2024

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DICE
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These
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With
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million
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DICE
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Investors
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DICE

Investors
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A
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