<p>The cryptocurrency market has recorded a stable price action over the past few days, indicating a cool-off phase in the market. Moreover, with Bitcoin price holding its value above the $64K level, the altcoin market has picked up pace.</p>   
<p>Top altcoins have recorded a massive uptrend in their respective portfolios with some recording a 2X return within the past 30 days. One such altcoin is Fantom (FTM) with a ~80% surge during this period. Will this altcoin maintain its bullish momentum and achieve the $1 mark this year? Read this analysis to find out!</p>   
<h2 class="wp-block-heading" id="h-ftm-crypto-price-records-increased-bullish-action">FTM Crypto Price Records Increased Bullish Action</h2>   
<p>Amid increased price volatility, the Fantom price has added 8.53% to its portfolio with a trading volume of $294.061 million, a change of +13.72%. With this, it has successfully held its value above its important support/resistance level of $0.680.</p>   
<figure class="wp-block-image">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/10/01151721/image-10.png" alt="Fantom Price Analysis 01st October 2024" class="wp-image-357862">
 <figcaption class="wp-element-caption">
  TradingView: FTM/USDT
 </figcaption>
</figure>   
<p>Notably, this Ethereum-based altcoin has jumped 16.44% over the past week and 76.92% during the past 30 days. With a YTD return of +57.05% and a market capitalization of $2.082 billion, it has secured the 46th position in the market.</p>   
<h2 class="wp-block-heading" id="h-fantom-technical-sentiments">Fantom Technical Sentiments</h2>   
<p>The Simple Moving Average (SMA) constantly supports the FTM price chart in the 1D time frame. This indicates increased buying pressure for the altcoin in the cryptocurrency market.</p>   
<p>Further, the MACD indicator has successfully retested its neutral point and has recorded a bullish rebound. With its averages experiencing a bullish convergence, the Fantom token hints at a positive outlook during the upcoming time.</p>   
<h2 class="wp-block-heading" id="h-will-ftm-price-hit-1-this-uptober">Will FTM Price Hit $1 This Uptober?</h2>   
<p>Maintaining the price above its support level of $0.680 will set the stage for the Fantom coin price to prepare to test its resistance level of $0.840. Furthermore, if the bullish sentiment intensifies, this could result in this altcoin heading toward its upper high of $1 this month.</p>   
<p>On the flip side, if the bears regain momentum, the FTM price will retest its support level of $0.680. Moreover, if the bears dominate the crypto space, this could result in it plunging toward its lower support level of $0.5375 during the upcoming weeks.</p>   
<p>Wondering about how far the FTM price could project in the future? Read our <a href="https://coinpedia.org/price-prediction/fantom-ftm-price-prediction/" target="_blank" rel="noreferrer noopener">Fantom Price Prediction</a> to decode the same!</p>

Fantom Jumps 78% In 30 Days, FTM Price Eyes To Hit $1 This Uptober?

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