Resistance

Fantom

Gains

<ul class="list-ic vertical">
 <li><span>1</span> <a>The Fantom coin price witnessed a consistent up move and is close to the $1 mark.</a></li>
 <li><span>2</span> <a>Buyers have persisted in accumulation and are showing their dominance.</a></li>
</ul>
<p>The Fantom coin price persisted in forming the higher high swings and has delivered a rally for the past weeks. The FTM price has surged by over 90% this month and is still on the way to reaching the blue sky zone. Moreover, the coin has glimpsed follow-on buying momentum, and sellers are staying on the back foot. The trend is intact, and the coin may soon cross the round mark of $1.</p>
<p>At press time, the Fantom coin (FTM) price was trading at $0.1966 with an intraday gain of 7.01%, reflecting buyer accumulation on the charts. It has a monthly return ratio of 49.10% and 123.78% on a yearly basis. The pair of FTM/BTC is at 0.0000151 BTC, and the market cap is $1.66 Billion. Analysts are neutral and suggest the FTM coin may continue to extend the gains and will continue to skyrocket in the upcoming sessions.</p>
<h2 class="wp-block-heading" id="strong-fantom-reveals-buyer-accumulation-can-ftm-reach-1-20-this-month-strong"><strong>Fantom Reveals Buyer Accumulation; Can FTM Reach $1.20 This Month?</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (FTM), Volume (FTM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=fantom&amp;pt=FTM&amp;df=2023-10-10T00%3A00%3A00.000Z&amp;dt=2024-03-15T18%3A29%3A59.844Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%235275FF&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p>The above data shows that the coin has persisted in delivering steady up move and has witnessed bull accumulation in the past sessions. Furthermore, the coin revealed bullish strength, with a notable surge of over 35% this week to $1.41 billion. The technical indicators still showcase a buy signal, and the coin may persist in extending the bullish waves for the following sessions.</p>
<h2 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-analysis-strong"><strong>Price Volatility and Weighted Sentiment Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Weighted sentiment (Total) (FTM), Price Volatility 1d (FTM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=fantom&amp;pt=FTM&amp;df=2023-10-10T00%3A00%3A00.000Z&amp;dt=2024-03-15T18%3A29%3A59.844Z&amp;emcg=1&amp;emhwm=1&amp;wm=sentiment_volume_consumed_total%3Bprice_volatility_1d&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>Per the Santiment data, the<a href="https://www.thecoinrepublic.com/2022/09/17/fantom-price-analysis-ftm-coin-trades-close-to-buyers-hedge-zone/" target="_blank" rel="noopener noreferrer nofollow"> FTM coin</a> price revealed a notable surge of over 90% this month, showing outperformance on the charts. Furthermore, the volatility curve witnessed a spike of over 56% to 0.37. The total weighted sentiment data stayed in the positive region and is delivering a neutral outlook.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-development-activity-strong"><strong>Social Dominance and Development Activity&nbsp;</strong></h3> <iframe loading="lazy" title="Santiment Chart: Development Activity (FTM), Social Dominance (FTM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=fantom&amp;pt=FTM&amp;df=2023-10-10T00%3A00%3A00.000Z&amp;dt=2024-03-15T18%3A29%3A59.844Z&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Bsocial_dominance_total&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FF5B5B&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The social dominance data revealed a decline of over 90%, and the value declined to 0.153%, signifying the drop in investor interest. However, the development activity is on a rising track and has spiked over 30% to 0.286 this week. The on-chain metrics signify the neutral observations and suggest an optimistic outlook.</p>
<h4 class="wp-block-heading"><strong>What Do Technical Indicators Suggest?</strong></h4> <iframe loading="lazy" title="Santiment Chart: Total Open Interest in USD (FTM), RSI 1d (FTM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=fantom&amp;pt=FTM&amp;df=2023-10-10T00%3A00%3A00.000Z&amp;dt=2024-03-15T18%3A29%3A59.844Z&amp;emcg=1&amp;emhwm=1&amp;wm=total_open_interest%3Brsi_1d&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B%7B%22interval%22%3A%221d%22%2C%22__appliedInterval%22%3Atrue%7D" scrolling="no"></iframe>
<p>The derivative data showcase the short-covering move, and the open interest dropped by over 22% to $146.33 million, revealing that buyers have continued to put effort into stretching the gains. Furthermore, the trend favors the bulls, and further buying momentum can soon exceed the $1 mark.</p>
<p>The Relative Strength Index (RSI) curve stayed in the overbought zone and showcased the positive divergence on the charts. Moreover, the MACD indicator shows a bullish crossover and formed green bars on the histogram, suggesting a positive outlook for the upcoming sessions.</p>
<p>The Total supply of the FTM coin is 1.74 billion, and the volume-to-market cap ratio is 0.856. Per the Fib levels, the coin has sustained above the 61.8% zone and is showing an uptrend.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The Fantom coin (FTM) price has given a consistent up move and delivered the higher high swing for the past weeks. Amidst the neutral market sentiments, the coin has not taken a pause and keeps rising, signifying the bullish sentiment.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.9360 and $0.9200</p>
<p><strong>Resistance Levels:</strong> $1.10 and $1.20</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

FTM Price Prediction: Can FTM Sustain Gains Above $1 Mark?

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Thecoinrepublic.com

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