Will FTM Price Reach $2 in 2021 After Sudden Surge?

This Fantom (FTM) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our FTM price analysis and FTM price prediction.

Fantom is a Directed Acyclic Graph (DAG) smart contract platform. However, it provides a Decentralized Finance (DeFi) service to developers using its own consensus algorithm. Moreover, it aims to solve problems associated with smart contract platforms.

Currently, the top crypto trading platforms for Fantom are Binance, OKEx, FTX, VCC Exchange, and HitBTC. Now, let us check the charts in this FTM price analysis and price prediction 2021.

FTM Price Analysis 2021

According to CoinGecko, the FTM price is $0.596, at the time of writing.

• Resistance Level 1 – $0.885
• Resistance Level 2 – $1.02
• Next Resistance Level – $1.46
• Support Level 1 – $0.309

The above chart shows the impressive performance of FTM in the last few days. Also, we can see the price boost of FTM to almost +300% from February 1 to 28. Despite a dip, FTM is showing a bullish trend. However, if the trend continues, FTM will run along with the bulls, overtaking its $0.88 resistance level and climb higher to $1.46.

If the bullish trend continues, the FTM can surge over its all-time high (ATH) price of $0.84. In contrast, if the investors turn against the cryptocurrency, the bears might take over. More so, the FTM price might plummet to almost $0.309, a bearish signal.

When it comes to the relative strength index (RSI) of the crypto, FTM is just below level 70. In other words, the cryptocurrency is already oversold and may trigger a price reversal at any given time. Also, the volume trend is high, since many investors are putting a lot of money at risk.

Therefore, traders must trade smartly and must not be influenced by the market hype. With this in mind, traders can stay away from unexpected losses due to the crypto market’s wild swings.

Nevertheless, if the crypto bull run continues, FTM may exceed prior expectations. If it reaches the Fib level at $1.46, it may even challenge the $2 psychological barrier. However, this may only happen in the latter part of the year if the crypto market sustains its rally.

In summary, bullish Fantom price prediction is $1.46, and may even reach $2 later in 2021. On the other hand, bearish Fantom price prediction is $0.3.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.