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Fantom

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Trillion

The post <a href="https://coinpedia.org/price-analysis/ftm-price-prediction-will-fantom-surpass-1-this-week/" rel="noopener noreferrer nofollow">FTM Price Prediction: Will Fantom Surpass $1 This Week?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
<ul>
 <li>With a 67% surge last week, the FTM price is ready to challenge the $1 mark.&nbsp;</li>
 <li>With the trading volume crossing the mark of $600 Million, the interest spikes for Fantom in the crypto market.&nbsp;</li>
 <li>As per the Fib levels, the $1 breakout can pump the FTM price to $1.36.</li>
</ul>
Heading to surpass the $2 Billion market cap, Fantom’s price is on a bullish rally with high momentum. As the overall market continues the bullish climb, the altcoins are on the rise, increasing the bull run chances in the FIL price trend.&nbsp;
With the markets scaling new heights after crossing the $2 Trillion mark, the altcoin season is here. As the buying pressure for the altcoin surges, our <a href="https://coinpedia.org/price-prediction/stacks-stx-price-prediction/" rel="noopener noreferrer nofollow">FTM price prediction</a> projects a stronger bull run to $10 soon.&nbsp;
<h2 class="wp-block-heading" id="h-ftm-price-ready-for-1-breakout">FTM Price Ready For $1 Breakout</h2>
After months and years of a bearish phase, the FTM price is finally kicking off a trend reversal and overcoming the overhead supply. With a 67% rise in the market price last week, the Fantom price is well positioned above the psychological mark of $0.50.
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/03/04133712/image-28-1024x509.png" alt="" class="wp-image-275033" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/04133712/image-28-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/04133712/image-28-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/04133712/image-28-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/04133712/image-28-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/04133712/image-28-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/03/04133712/image-28.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source – <a href="https://www.tradingview.com/x/ZsIn3rP4/" rel="noopener noreferrer nofollow">TradingView</a>
Forming a new 52W high at $0.75, Fantom breaks above the supply zone at $0.65 and offers a breakout entry to sideline traders. Currently, the FTM price trades at $0.6755 with an intraday drop of 3.72% after the remarkable rally.&nbsp;
Amid the current bull run, which is encountering minimal resistance across various Fibonacci levels, there’s a noticeable increase in underlying demand. This bullish sentiment is further validated by a substantial uptick in intraday trading volume, underscoring the strength of the uptrend.
Technical Indicators:
RSI Indicator: A positive weekly trend in the RSI line crosses above the overbought boundary, reflecting a surge in trading volume.&nbsp;
EMA: The bullish rise is presenting a potential surge in 50W EMA to diverge from the 200W EMA. Thus giving a golden crossover.
<h2 class="wp-block-heading" id="h-how-high-will-the-ftm-price-go">How High Will The FTM Price Go?</h2>
Amidst the rising demand for altcoins and the Bitcoin price surpassing the $64,000 mark, the FTM price trend preps for a bull run. Considering the uptrend crosses above the 23.06% Fibonacci level, the Fantom price is preparing for a trend reversal to reclaim the $1 mark.&nbsp;
Optimistically, the uptrend can reach the $2 mark or the 61.80% Fibonacci level if the trend momentum sustains.&nbsp;

FTM Price Prediction: Will Fantom Surpass $1 This Week?

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