Rose

Resistance

Fantom

Swing

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Fantom price prediction for December 2023 suggests recovery will continue.</a> </li> 
 <li> <span>2</span> <a>The trend of FTM crypto price is reversing upward.</a> </li> 
 <li> <span>3</span> <a>The FTM price sustains above the 50 and 200-day EMAs, showing the strength of the bulls.</a> </li> 
</ul> 
<p>Fantom price prediction for December 2023 suggests FTM will continue to recover and it may hit a new swing high. The chart structure of the FTM crypto is bullish and forming a trend reversal pattern.&nbsp;</p> 
<p>The buyers look more aggressive as compared to the sellers. So, the probability of continuing the upward momentum remains high. The FTM price surpasses the 50-day EMA and 200-day EMAs, which shows the strength and confidence of the bulls.&nbsp;</p> 
<p>At the same time, a sudden surge in the buying volume confirms that some big players are injecting money into FTM. Therefore, if the smart investors are buying then they will not let the price go down below a certain point.&nbsp;</p> 
<p>However, minor corrections and profit booking may be visible but it may get easily absorbed near to support.&nbsp;</p> 
<p>Recently, the FTM price faced a rejection from the $0.3800 level and retraced back to the EMAs. It shows sellers are active at $0.3800 and buyers need to take out this hurdle to hit new swing highs.&nbsp;</p> 
<p>Currently, Fantom price is trading at $0.3185 with a one-day rise of 0.25%. The 24-hour volume-to-market cap ratio is 5.44%.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-fantom-price-new-swing-high-december-strong"><strong>Will Fantom Price New Swing High December?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-552.png" alt="Fantom Price Prediction: FTM Surpasses 6 Months High; What Next?" class="wp-image-181957" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-552.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-552-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-552-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-552-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-552-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-552-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-552-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/zDmtDPrh/">FTM/USDT</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div> 
<p>Fantom price prediction suggests a rally in FTM has just begun and more scope of upside is open.&nbsp;</p> 
<p>The crypto price is bouncing back by taking support near the 50-day EMA. It may again attempt to break the $0.3800 barrier. If the buyers succeed, the price might begin the journey to reach $0.5000.&nbsp;</p> 
<p>FTM <a href="https://www.thecoinrepublic.com/2023/09/26/fantom-ftm-price-at-lowest-can-it-sky-rocket-upto-1-or-beyond/" target="_blank" rel="noreferrer noopener">crypto price</a> had surpassed the 6-month high, which triggered the positive sentiment. So, presently the bulls are dominating and the possibility of a $0.3800 breakout remains high.&nbsp;</p> 
<p>The analysis suggests, the <a href="https://www.thecoinrepublic.com/2023/09/26/fantom-ftm-price-at-lowest-can-it-sky-rocket-upto-1-or-beyond/" target="_blank" rel="noreferrer noopener">Fantom</a> price is in bulls’ grip and may hit a new swing high in December.</p> 
<h3 class="wp-block-heading" id="strong-ftm-price-rose-for-the-five-consecutive-weeks-strong"><strong>FTM Price Rose for the Five Consecutive Weeks&nbsp;</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_5fa15"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": "900",
  "height": "550",
  "symbol": "BINANCE:FTMUSDT",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_5fa15"
}
  );
  </script> 
</div>  
<p>The FTM price rose for five consecutive weeks and recovered the losses of the last six months. In the current week, it is forming a bullish hammer candle which shows that bulls are waiting to build longs in dips.&nbsp;</p> 
<p>Therefore, till the Fantom crypto price sustains above the $0.2500 level the downside risk remains low. Investors and traders may look to buy FTM near current levels for generating nominal returns in the coming months.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Fantom price prediction for December 2023 favors the bulls and suggests new swing highs are possible.&nbsp;</p> 
<p>The FTM price surpasses the 6-month high and sustaining the higher levels shows the strength of the bulls. Therefore, it’s better to play long and stay with the trend.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical levels</strong></h4> 
<ul> 
 <li>Resistance levels: $0.3800 and $0.4500</li> 
 <li>Support levels: $0.2502 and $0.1703</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Fantom Price Prediction: FTM Surpasses 6 Months High; What Next?

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