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Phantom Price Prediction for May 29 โ€“ FTM Technical Analysis

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Fantom price predictions indicate that FTM will hit $0.815 as the coin rises above its nine-day moving average.

Phantom (FTM) Announces Major Upgrade for ‘Opera’ Amid Potential Price Recovery

Fantom has entered a new era with the official release of the Opera upgrade following the necessary validation from staked FTM. Recently, Fantom entered into a strategic partnership with Google Cloud and announced an upgrade to the existing Opera chain after achieving a threshold consensus level of 66%.

Fantom prediction statistics:

  • Phantom current price โ€“ $0.815
  • Phantom market cap โ€“ $2.2 billion
  • Phantom Circulation โ€“ 2.8 billion
  • Total Phantom Supply โ€“ 3.17 billion
  • Phantom CoinMarketCap Rankings โ€“ #52

FTM/USD Market

Main levels:

Resistance Levels: $1.250, $1.300, $1.350

Support Levels: $0.450, $0.400, $0.350

FTMUSD โ€“ Daily Chart

FTM/USD is trading near the $0.815 mark and a breakout above the potential resistance at $0.900 could see the next target at $1.000 and a breakout towards the upper end of the channel. However, a rally from here could push the price towards the $0.900 mark at a rapid clip, but if the current levels do not hold firm, Phantom (FTM) The price can potentially sink below the support level of $0.750.

Fantom Price Prediction: Is Fantom Ready for a Rise?

A look at the daily chart suggests that phantom bulls may enter the market and if the buyers push the coin above the 9-day moving average, FTM/USD may move towards the channel and reach potential resistance levels at $1.250, $1.300, and $1.350 respectively. Moreover, any bullish move above these key resistance levels could prompt further buying.

In other words, a bearish move below the lower boundary of the channel could touch the critical supports at $0.450, $0.400 and $0.350.On the other hand, if the 9-day MA remains above the 21-day MA, Fantom could tend to follow an uptrend, suggesting that the market may develop further bullish trends.

FTM/BTC consolidates within the channel

Against Bitcoin, the price of Phantom may need to surpass the upper limit of the channel to reach the resistance level at 1500 SAT. Therefore, unless this resistance holds effectively and the price eventually closes above it, there may be no reason to expect a bearish move.

Phantom Price Prediction for May 29 โ€“ FTM Technical Analysis
FTMBTC โ€“ Daily Chart

Nevertheless, if the coin decides to follow the bearish move, it might make a new low below 1192 SAT and a continuation of the bearish trend below the lower boundary of the channel might encounter major support at and below 500 SAT. On the other hand, if the coin heads up, it might touch potential resistance above 1850 SAT. At that point, the 9-day MA is still above the 21-day MA, which could lead the coin to an upswing.

Additionally, @realijazawan informed his 5,000 followers on X (formerly Twitter) that $FTM continues to trade above the local support level after a successful retest, and he is awaiting further signals from Bitcoin suggesting that a market rally could push $FTM to the next resistance level near $1.22.

Phantom Alternatives

Fantom price is currently trading sideways, and a move above the 9-day moving average could attract buyers and push the coin’s price above the upper end of its channel. Despite its stability and $2.2 billion market cap (ranked 52nd in the cryptocurrency market), short-term growth may be limited. In contrast, the Dogeverse token raised a staggering $15 million in its presale, suggesting the potential for rapid and significant value appreciation despite its lower market cap.

Will Dogeverse Become the Next 100X Gem? This Presale Token Shows Incredible Promise

Dogeverse is fast emerging as the next 100X gem, making it an unparalleled investment opportunity. With the presale phase showing incredible potential, now is the perfect time to act. Early investors stand to reap huge rewards as Dogeverse continues to break barriers and generate excitement in the cryptocurrency community.

You can start enjoying the benefits of Dogeverse right now.

related news

Dogeverse – A multi-chain meme coin

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