Bitcoin

Fantom

The post <a href="https://coinpedia.org/price-analysis/ftm-price-jumps-17-with-a-70-upside-potential-to-1-75/" rel="noopener noreferrer nofollow">FTM Price Jumps 17% With A 70% Upside Potential To $1.75</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the Fantom market cap inching closer to the $3 billion mark, its native token is on a bullish roll. The FTM token price showed a massive overnight jump despite the weakness in the overall market as Bitcoin slid under the $70,000 level.&nbsp;
With the increasing volatility and rising fluctuations in the BTC price, will Fantom manage to sustain the recovery trend? However, the general market sentiments around the <a href="https://coinpedia.org/price-prediction/stacks-stx-price-prediction/" rel="noopener noreferrer nofollow">FTM price prediction</a> projects a sprint to $10 this year.&nbsp;
<h2 class="wp-block-heading" id="h-ftm-price-performance">FTM Price Performance</h2>
With a trend reversal visible in the weekly chart, the upside potential is massive in the FTM price chart. As the long-term downtrend mixed with consolidation under $1, leading to a double-bottom breakout, the altcoin is on a bull run.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/04/10112945/image-321-1024x509.png" alt="" class="wp-image-288855" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/10112945/image-321-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/10112945/image-321-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/10112945/image-321-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/10112945/image-321-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/10112945/image-321-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/04/10112945/image-321.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<a href="https://www.tradingview.com/x/cKGGR6nT/" rel="noopener noreferrer nofollow">TradingView</a>
With this turnaround, a golden crossover takes place in the weekly chart. Further, the FTM price reversal accounts for 462% in the last 175 days. With this, the altcoin surpasses the psychological mark of $1.&nbsp;
Currently, the FTM price shows a successful post-retest reversal as it sustains above $1 despite the 18% drop in the last two weeks. As of now, the altcoin exchanges hands at $1.0298, with an intraday jump of 1.11%.
Technical Indicators:
RSI Indicator: The weekly RSI line shows a positive trend, sustaining in the overbought boundary, reflecting a surge in underlying demand.&nbsp;&nbsp;
<h2 class="wp-block-heading" id="h-will-fantom-break-past-1-50">Will Fantom Break Past $1.50?</h2>
In the daily chart, the FTM price takes a bullish reversal from the $0.8197 mark or the 50D EMA to reclaim the $1 mark. Currently, the altcoin shows a 5-candle bullish streak leading to a rounding bottom reversal. This reflects the growing momentum for the altcoin despite the hiccups in the overall market.&nbsp;
Hence, optimistically, the uptrend can reach the $1.75 mark or the 50% Fibonacci level if the buying pressure sustains.&nbsp;

FTM Price Jumps 17% With A 70% Upside Potential To $1.75

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