The Fantom (FTM) price could be in wave five of an upward movement, accelerating the rate of increase in the near future.
After reaching a record high in January 2022, the FTM price declined beneath a descending resistance line. This drop caused a breakdown from the support area of $0.20, leading to a low of $0.164 in November 2022. However, this decline was only a deviation (green icon), as the price of Fantom has increased since then.
The increase was preceded by a bullish divergence in the RSI (green line). The indicator is now above 50, indicating a bullish trend. The FTM token price went up to $0.655 in January, but later decreased, bouncing back at the horizontal support level of $0.39. The long lower wick (green icon) confirmed this level as a support.
If the upward trend continues, the future price can reach $1.15, an increase of 150% from the current level. However, if the price falls and closes below $0.39, it may lead to a drop toward $0.20.
Fantom (FTM) Price Prediction for April: $1.15 Within Reach
The technical analysis from the daily time frame aligns with the readings from the weekly one. As a result, it gives a bullish FTM price prediction for April. There are numerous reasons why this is the case, given the price action and the wave coun
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Author: Valdrin Tahiri
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