The Fantom (FTM) project is attracting more and more attention in the world of cryptocurrencies. Thanks to its powerful blockchain and its compatibility with Ethereum, Fantom has established itself as a solution of choice for decentralized applications and decentralized finance (DeFi). As its price recovers with the latest uptrend in the market, many investors are wondering: Is FTM ready to regain, or even surpass, its all-time high? In this comprehensive analysis, we decipher Fantom’s current situation, its capitalization and price forecasts until 2030.
Written by Léa
Updated on 09/11/2024 at 9:37 p.m. by Léa
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Fantom (FTM) up over 18% this week
Since the beginning of the year, the price of Fantom (FTM) has gone through phases of fluctuation before joining the recent bullish wave which lifts the entire crypto market. Before this rebound, FTM was trading around 0,62 $experiencing market volatility and doubts about DeFi projects and alternative blockchains. With the uptrend gaining strength, FTM price has regained strength, reaching today 0,7232 $.
This recovery of FTM is also reflected in its capitalization, which is experiencing notable growth and is currently around $2.07 billion. This capitalization reinforces the growing investor interest in Fantom, in a context where demand for fast, secure blockchain solutions adapted to DeFi applications is intensifying.
Fantom Price Prediction: Technical Analysis and Forecast
On the daily chart, FTM/USDT at $0.7232 is showing positive signs since the bullish recovery. The price is now moving near the upper Bollinger band located at $0.7714, which could represent a crucial resistance to cross to continue this trend. The 20-day simple moving average (SMA), set at $0.6681, serves as key holder. As long as the FTM remains above this average, the outlook remains positive.
The RSI indicator, currently at 56.95, suggests slight buying pressure, without excess, which still leaves room for a potential rise, although a test of resistance seems imminent.
On the 4-hour chart, the price is at $0.7230 and is starting to show signs of consolidation after a steady upward move. The Balance of Power (BoP) is slightly negative at -0.14, reflecting moderate downward pressure in the short term. The MACD line remains above the signal line, but the fading histogram points to weakening bullish momentum.
These indicators reveal that investors must exercise of cautionespecially if FTM fails to hold above the $0.7100 support. A potential MACD crossover could also influence the short-term trajectory.
What to expect from the price development of FTM? Scenarios and predictions 2024-2030
With this recent bullish surge and encouraging technical analysis, Fantom seems able to consolidate its current earnings. If the resistance around $0.7714 is crossed, the FTM could continue its progression towards the psychological level of $1.00 in the short term.
In the medium to long term, the growing adoption of decentralized applications (dApps) and decentralized finance (DeFi) strengthens Fantom’s fundamentals. If demand for high-performance, interoperable blockchain solutions like Fantom continues to grow, we project a target price of $1.30 to $1.58 for 2025, and a potential upside to between $4.10 and $4.50 of here 2030.
Of course, the crypto market remains volatile, and every investor must consider the risks specific to this dynamic ecosystem. For those who see Fantom as a long-term opportunity, careful research and risk tolerance assessment are essential.
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