Fantom Price Breakout: Analyst Shares Anatomy Of FTM’s 18,000% Move To $150 By 2025

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As a seasoned researcher and analyst with over two decades of experience in the financial markets, I have to admit that I have seen my fair share of bullish projections and wild price predictions. However, when it comes to Fantom’s (FTM) 18,000% projected increase to reach $150 by 2025, I must say that this is one of the most intriguing technical analyses I have come across in a while.

A fresh examination of Fantom’s trading data on TradingView suggests a potential surge of approximately 18,000% by 2025, pushing the price up to $150. While such extremely optimistic forecasts are typical in the crypto sphere, this one stands out for Fantom. This bullish projection is founded on historical price movements and technical formations observed on the Fantom price graph, which were noted as far back as late 2020.

Anatomy Of FTM’s 18,000% Move

Initially, the analyst’s forecast underscores Fantom’s substantial decrease of 70% from its peak price in 2021 of $3.46. However, despite this downturn, technical signs suggest that investors are growing increasingly optimistic about the cryptocurrency. A closer look at the Fantom/TetherUS chart for the past 10 days reveals resistance breaches not only in the price movement but also in the RSI indicator, hinting at a change in momentum from bearish to bullish. As a result, the analyst’s technical analysis now suggests that a bullish turnaround may be underway.

Central to the forecast is the bull flag pattern that spans Fantom’s price movements over the past three years. Notably, recent price action has seen the Fantom price breaking above this bull flag pattern. The analyst notes that if this pattern repeats the impulsive wave seen in Fantom’s rally in 2021, the cryptocurrency could achieve another 18,000% increase. Back in 2021, this 18,000% increase saw the price of Fantom go from around $0.015 in November 2020 to $3.46 by October 2021.

Given the shifts in the cryptocurrency market since then, the analyst anticipates that Fantom could potentially achieve another 18,000% increase due to the bull flag breakout. This would place its price at approximately $150 from the current level. Undeniably, such a growth spurt would position Fantom among the top performers in the cryptocurrency market.

Despite this, the analysis highlights the importance of staying patient, since adjustments of up to 80% could take place in the predicted growth phase. The combination of several technical indicators, clearly depicted by the red and blue arrows on the accompanying chart, also bolsters the prediction.

Key Resistance Levels And Risk Assessment

As a crypto investor, I’ve noticed that $3 serves as a significant resistance level, marked by the emergence of an inverse head-and-shoulders pattern. Overcoming this barrier could be a key milestone in confirming the bullish trend’s authenticity.

Currently, at the point of this writing, Fantom (FTM) is being traded at a price of $1.03. Over the last week, its value has fluctuated between the high of $1.29 and the low of $0.987. Despite these daily price changes, Fantom maintains a positive outlook in the long term, as it has seen an increase of more than 61% over the past month.

As a cryptocurrency investor, I’ve noticed that reaching a projection of $18,000 from current levels would demand significantly larger capital influx compared to when Fantom was trading around a penny in 2021. However, this potential 18,000% surge doesn’t change the fact that Fantom’s price is continuing its consistent growth, aligning with the broader crypto market. If an altcoin season eventually unfolds, Fantom could ride the wave of growth alongside other altcoins.

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2024-12-02 15:40