HomeNewscoinquora.comFantom Price Prediction – Will FTM Price Hit $5 Soon?

Fantom Price Prediction – Will FTM Price Hit $5 Soon?

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  • Bullish FTM price prediction ranges from $2.5768 to $3.4105.
  • FTM price might also reach $5 soon.
  • FTM’s bearish market price prediction for 2022 is $0.1719.

This Fantom (FTM) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our FTM price analysis and prediction.

There is an ever-increasing hype surrounding the crypto world. Moreover, many digital assets surged to a new all-time high during this 2022 bull run. In contrast, some crypto also had a downtrend. Therefore, many cryptocurrency traders and investors are confused about whether it is time to hold or sell their crypto for a good price. This might be the same scenario for FTM traders and investors, though its investors in the past one year received a return on investment ROI) of 1398%.

Would these events be good enough to make Fantom (FTM) a good investment? Should we invest before the year ends or by 2022? Let us find out in this CoinQuora Fantom (FTM) market analysis and price prediction 2022 article.

What is Fantom (FTM)?

Fantom (FTM) is described as an acyclic graph (DAG) smart contract project which offers decentralized finance (DeFi) services to developers utilizing its own bespoke consensus methodology.

More so, along with its in-house token Fantom (FTM) aims to solve issues associated with smart-contracts platforms, mainly transaction speed which developers explain they have decreased to under two seconds.

In addition, the Fantom Foundation which can oversee the Fantom product offering was originally developed in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019. The Fantom (FTM) ecosystem is based on Lachesis protocol and Opera technologies.

Now that we have an idea about FTM, do you think FTM will be a profitable investment in 2022? Join me and let us see the charts in this FTM price analysis and FTM price prediction.

Fantom (FTM) Current Market Status

As of the time of writing this Fantom price analysis, FTM trades at $2.21 with a 24-hour trading volume of $617,967,154. The price of FTM has increased by 2.19% in the last 24 hours.

Furthermore, FTM has a current circulating supply of 2.55B FTM. Currently, the top cryptocurrency exchanges for FTM are BinanceOKExFTXKuCoin, FTX, Gemini, and Mandala Exchange.

Now, let’s proceed to the next part of this FTM technical analysis for 2022.

Fantom (FTM) Price Analysis

Currently, Fantom holds 32nd place on CoinMarketCap. But will the latest upgrades, development, and changes in the FTM blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this FTM price prediction article.

Fantom Price Prediction – Will FTM Price Hit $5 Soon?
FTM/USDT 1Day Chart Showing Keltner Channel Indicator (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for FTM, it could be seen that the present uptrend could continue since the last candlestick is not touching the bottom curve in the Keltner Channel chart above. This shows that the present increase in the price of Fantom (FTM) might be sustained before any reversal would be expected, though the market seems to be consolidating.

Fantom Price Prediction – Will FTM Price Hit $5 Soon?
FTM/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is 48.76, which means that Fantom (FTM) is in showing a neutral trend which could lead to a long period of consolidation since it is between 30 and 50. The curve is downwards which shows that the present bullish run of FTM could soon come to an end.

Fantom Price Prediction – Will FTM Price Hit $5 Soon?
FTM/USDT 1Day Chart Showing 90-Day and 30-MA (Source: Tradingview)

From the 90 days and 30 days moving averages of Fantom (FTM), it could be seen that FTM would go bearish in the long-term since the 90-day moving average is below the 30-day moving averages. Hence, long-term investors could recover some part of their investments that had might be lost in the coming weeks.

Fantom (FTM) Price Prediction

The chart below shows that Fantom has performed great over the past few days. Moreover, the FTM price has increased by 15.9% in the last one week. If this trend continues, FTM might run along with the bulls, overtaking its $2.5768 resistance1 level and climb higher to 3.4105 at resistance2, which is 2022 bullish signal.

Fantom Price Prediction – Will FTM Price Hit $5 Soon?
FTM/USDT 1Day Chart Showing Resistance and Support Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone FTM from its uptrend position. In simpler terms, the price of FTM might plummet to almost $1.8473 at suppport1 and even go lower to $0.1719 at support3, a bearish signal.

Meanwhile, our long-term FTM price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $3.48 this year. However, that will only happen if it breaks many previous psychological resistances.

Fantom (FTM) Price Prediction 2022

If this bullish trend continues, Fantom (FTM) will reach $3.4105 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $2.5768. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Fantom (FTM) Price Prediction 2023

If FTM holds the support level around 90-MA, the long-term moving average of 90 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $12, making it not plummet but play consistently.

Fantom (FTM) Price Prediction 2024

As per the latest upgrades, developments, FTM price prediction, and new project forecasts of the platform, FTM investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of FTM in the crypto market, and it will be the best investment as the price can spike and reach around $30.

Fantom (FTM) Price Prediction 2025

In the next four years, FTM prices could race up to $60. However, reaching this level could not be so difficult for FTM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that FTM has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Fantom (FTM) Price Prediction 2026

With a relative strength index (RSI) that is maintained above 60 by the ebd of 2025, it is possible that Fantom (FTM) would reach $100 by the end of 2026.

Conclusion

Fantom has a bright future ahead of it in 2022. With the ongoing developments happening within the FTM ecosystem, as well as in the overall crypto market, we may see FTM reach new heights.

However, investors and traders should watch out for a breakout at resistance1 which will surge the price of Fantom (FTM) to a high price above the resistance2 level.

Bullish FTM price prediction 2022 is $3.4105. As said above, it may even reach $5 if investors have decided that FTM is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum

FAQ

What is FTM?

Fantom (FTM) is an acyclic graph (DAG) smart contract project which offers decentralized finance (DeFi) services to developers utilizing its own bespoke consensus methodology.

How to Buy FTM Tokens?

Like other digital assets in the crypto world, FTM can be traded on many exchanges. Users can obtain FTM tokens by purchasing them from cryptocurrency exchanges such as Binance, Mandala Exchange, OKEx, FTX, and KuCoin.

Will FTM Surpass its Current ATH?

FTM is a good investment in 2022, this token could be considered by most crypto investors. However, FTM has a high possibility of surpassing its current ATH at about $3.48 by 2022.

Can FTM reach $5 soon?

FTM is one of the active crypto assets that continues to maintain its uptrend position. If this bullish trend continues, FTM might be able to break from $3.4105 and go all the way to $5. Of course, this is very likely to happen if the bullish market continues to favor crypto.

Is FTM a good investment in 2022?

FTM is considered one of the top-rising cryptocurrencies this year. Also, along with the recorded achievements of FTM in the past few months, we can say that FTM is indeed potentially good crypto to invest in this year.

What will be the Fantom price by 2022?

Fantom (FTM) price is expected to reach $5 by 2022.

What will be the Fantom price by 2023?

Fantom (FTM) price is expected to reach $12 by 2023.

What will be the Fantom price by 2024?

Fantom (FTM) price is expected to reach $30 by 2024.

What will be the Fantom price by 2025?

Fantom (FTM) price is expected to reach $60 by 2025.

What will be the Fantom price by 2026?

Fantom (FTM) price is expected to reach $100 by 2026.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.



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