The native token of Fantom Opera is FTM
At the time of writing, FTM is being traded at the rate of $2.02 with an increase of almost 16% within the last 24 hours.
The low within this tenure was around $1.73 and the high was approximately $2.08. The coin as being in the watchlist of many traders makes it rank all the way up to number 39th according to the latest data released by coin market cap.
FTM during the month of October approached a near All-time High around the price of $3.48. The trading volume today on the other hand has increased by almost 17.75%.
The top exchanges for trading FTM are currently Binance, OKEx, FTX
Technical Analysis – Fantom (FTM)
Fantom Opera (FTM) had been one of the most bullish coins in the market. The dip of Fantom was quickly bought and now we have seen a massive increase in the price of Fantom. After the creation of ATH, the price dropped down as it failed to hold the level. It started creating lower highs and lower lows. The price soon after creating an order block that happened with the impulsive move downwards. Now, this order has remained unmitigated for a long time.
Now the price of FTM has shown reversal, we can see that the price has printed many green candles. These candles are very momentous and this has been happening for the past four days. Now the price is tapping in a very important zone. The price might drop from this zone and tap the liquidity present below. The second option is that the price will go upwards and mitigate the order block that is present above. In both cases, we must look into the lower time frame confirmations to have a cleaner entry into the market. A better way is to book profits all the way to the point where there is a lack of momentum. If it drops you can buy more with the profit you have secured.
Price Prediction – Fantom (FTM)
FTM has been one of the slow gainers in the market. The price is still way low as compared to the all-time high. According to wallet investor, the price of FTM is to reach a value of $3.518 in a year. In five years, the price is expected to reach a value of $11.955.
