Fantom

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The post <a href="https://coinpedia.org/price-analysis/fantom-price-continues-tumbling-whats-next-for-ftm-price-this-month/" rel="noopener noreferrer nofollow">Fantom Price Continues Tumbling! What’s Next For FTM Price This Month?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The top crypto tokens continue to display a neutral trend, indicating weak market sentiments in the crypto space. Further, the inflow in the mid-cap altcoins has experienced a significant rise, highlighting a possible burst for altcoins in the coming time.
The <a href="https://coinpedia.org/price-prediction/fantom-ftm-price-prediction/" rel="noopener noreferrer nofollow">Fantom price</a> constantly gained momentum and jumped approximately 30% before facing rejection at $0.4903. Following this, the price traded sideways for a while, after which the price experienced another jump of over 15% in valuation.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/QbUJa8YxOC1DYDJMsU3FHec_qXSmvWxAVqUM3aJ107Upp0ne12WVhkoJgox8lI7ldvKhz2j7VeJiXEQdnyNapUTC6MZYW7tGl4lNu39tXw1KpyoRyLl8pobBMIfH_Q2_0UmSBaVvMrSUDZND9STg2f4" alt="Fantom Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: FTM/USDT
 </figcaption>
</figure>
After facing restriction at $0.5674, the Fantom token was constantly trading under a bearish influence and recorded a correction of 19.84%. Following this, the price traded sideways for a while and after multiple attempts, tested for a breakout.
However, the bears overpowered the bulls, resulting in a correction of over 30% over the next week. Since then, the price has been constantly trading in a consolidated range between $0.3803 and $0.4184.
The technical indicator, RSI, shows a rise in the chart, suggesting an increased bullish sentiment. Moreover, the averages display a neutral trend, highlighting a mixed sentiment in the crypto space.
<h2 class="wp-block-heading" id="h-will-ftm-price-rise-back-up">Will FTM Price Rise Back Up?</h2>
If the bulls push the price above its key resistance level of $0.4184, the FTM price will rest at its upper resistance level of $0.4540. Further, if the bulls maintain the price at that level, it will prepare to test its resistance level of $0.4903 in the coming time.
On the flip side, if the bears overpowered the bulls, the FTM price would lose momentum and fall to test its support level of $0.3803.
Further, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.3411 during the week ahead.

Fantom Price Continues Tumbling! What’s Next For FTM Price This Month?

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