Following the bearish reversal from the $1.15 mark, the FTM value drops below the $1 psychological mark. Nevertheless, regardless of the elevated market volatility, the Fantom token’s value sustains dominance on the essential help zone of $0.65.
With the broader market restoration, the altcoins are experiencing a surge in buying and selling quantity. Will this turning round pump the Fantom value above $1? Discover out extra in our FTM value prediction, which tasks a dash to $10 in 2024.
FTM Worth Efficiency
With a 26% drop within the final 30 days, the FTM value continues a sideways development over the $0.65 help zone. The lower cost rejection is obvious within the Fantom value development, which has led to a streak of Doji candles.
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Additional, the lower cost rejection takes cushion from the 50W EMA because it rises after the latest golden crossover. With the sideways shift, the weekly RSI line takes an analogous shift above the midway line.
At the moment, the FTM value trades at $0.7272 with an intraday development of 1.35%, following the 8.52% leap final evening. Additional, the each day chart reveals a double backside reversal within the each day chart, growing the uptrend probabilities.
Will FTM Worth Surpass $1.50?
Within the weekly chart, the streak of Doji candle replicate a excessive probability of a bullish reversal, following the large drop in April. Additional, the 1D chart tasks a double backside reversal growing the uptrend risk. In case the uptrend manages to surpass the 23.60% Fibonacci degree at $0.90, the Fantom value may reclaim the $1 mark.
Optimistically, the uptrend can attain the $1.73 mark or the 50% Fibonacci degree.