Fantom

Reversal

<p>The post <a href="https://coinpedia.org/price-analysis/ftm-price-needs-quick-reversal-to-hit-1-this-may/" rel="noopener noreferrer nofollow">FTM Price Needs Quick Reversal To Hit $1 This May</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Following the bearish reversal from the $1.15 mark, the FTM price drops under the $1 psychological mark. However, despite the increased market volatility, the Fantom token’s price sustains dominance at the crucial support zone of $0.65.</p>
<p>With the broader market recovery, the altcoins are experiencing a surge in trading volume. Will this turning around pump the Fantom price above $1? Find out more in our <a href="https://coinpedia.org/price-prediction/stacks-stx-price-prediction/" rel="noopener noreferrer nofollow">FTM price prediction</a>, which projects a sprint to $10 in 2024.&nbsp;</p>
<h2 class="wp-block-heading" id="h-ftm-price-performance">FTM Price Performance</h2>
<p>With a 26% drop in the last 30 days, the FTM price continues a sideways trend over the $0.65 support zone. The lower price rejection is evident in the Fantom price trend, which has led to a streak of Doji candles.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/yBccPuXxQ2ECX4gtjkTFZumRLuIhvwwRHhwXAjW9WUtcXgk-jjmbP1h9_kHIinTc7S5phYOLmHQX5NEZ_zK9IFFjT3YEJDjghvAQB4KtTZkwyf2xgjLR-UcR7cw5f0i1T7LxS49Ygg9GqQEY9IwEqgo" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/fAbkOw8X/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>Further, the lower price rejection takes cushion from the 50W EMA as it rises after the recent golden crossover. With the sideways shift, the weekly RSI line takes a similar shift above the halfway line.&nbsp;</p>
<p>Currently, the FTM price trades at $0.7272 with an intraday growth of 1.35%, following the 8.52% jump last night. Further, the daily chart shows a double bottom reversal in the daily chart, increasing the uptrend chances.&nbsp;</p>
<h2 class="wp-block-heading" id="h-will-ftm-price-surpass-1-50">Will FTM Price Surpass $1.50?</h2>
<p>In the weekly chart, the streak of Doji candle reflect a high likelihood of a bullish reversal, following the massive drop in April. Further, the 1D chart projects a double bottom reversal increasing the uptrend possibility. In case the uptrend manages to surpass the 23.60% Fibonacci level at $0.90, the Fantom price could reclaim the $1 mark.</p>
<p>Optimistically, the uptrend can reach the $1.73 mark or the 50% Fibonacci level.</p>

FTM Price Needs Quick Reversal To Hit $1 This May

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