Fantom Price Prediction June, July & August: FTM Price Poised to Record a 50% Jump, this Quarter!

Key Takeaways

• The Fantom (FTM) price closed the previous day’s trade at INR 26.20 with a market capitalization of INR 67.70 billion and a circulating supply of 2.55 billion FTM
• The asset is closely consolidating within a narrow region and hence awaiting for a notable boost that could uplift the price above this accumulation
• With a breakout, the asset may soon secure its levels above INR 50 by surging more than 40% to 45% in the next couple of months

Price Comparison Table

Crypto-Asset	Start-Month Price (May)	Mid-Month Price (May)	End-Month Price (May)	% Change
Fantom (FTM)	INR 60.14	INR 30.57	INR 31.31	-92.07%

*As of 09-June-2022

Check latest prices, charts, and data of FTM/USDT

Fantom (FTM) Technical Analysis at a Glance

The Fantom price had registered a bearish start of the year 2022 by facing rejection from INR 250 levels. The plunge continued to squeeze out the gains every new day, neutralizing the impacts of the short-term bounces that occurred every now and then. 

Presently, the asset is plunged more than 90% from its highs and hence may be assumed to continue dropping hard. But eventually, after a prolonged consolidation, the asset could rebound firmly and ignite a significant upswing soon. 

Short-Term (1hr)	The price had experienced a short-term bounce which could get nullified soon as the bears may soon get into action
Mid-Term (4hr)	The FTM price after the recent sell-off continues to maintain a narrow trend, displaying the possibilities of testing lower bottoms
Long-Term (D)	The asset is lagging with the required buying pressure and hence could continue consolidating within narrow ranges

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators	Value(1D / 1M)	Action (1D / 1M)
Relative Strength Index(RSI)	36.96 / 43.54	Sell / Sell
MACD(12,26)	-0.065 / 0.204	Sell / Buy
Average Directional Index(ADX)	22.15 / 45.20	Sell / Sell
Bull-Bear Power	-0.047 / -1.30	Sell / Sell

Pivot Levels

Pivot Levels	Short-Term(D)	Mid-Term(W)	Long-term(M)
Moving Average(MA)-50	INR 42.75	INR 106.49	INR 28.76
Moving Average(MA)-200	INR 117.38	INR 30.32	INR 7.00
Resistance	INR 67.22	INR 122.97	INR 169.65
Support	INR 14.97	INR 13.76	INR 12.02

Oscillators

Oscillators	Short-Term	Mid-term	Long-Term
Stochastic Oscillator	21.52	13.02	27.76
Ultimate Oscillator	44.59	27.82	39.05
Average True Range(ATR)	0.032	0.27	0.95
CCI	-124.90	-108.3	-80.48

The Fantom (FTM) price is extremely bearish in all the time horizons. All the indicators are presently pointing towards a ‘sell’ signal. While no strong possibilities of a rebound or an upswing is not witnessed, some pointers signal a healthy flip after a brief consolidation.

Currently, a significant volume has accumulated which may result in a short-term bounce halting the descending trend. While the volatility of the asset is extremely low in all the time frames no extreme price action could be stabilized. 

FTM Price and Technical Analysis for May-July

Source: Tradingview

• The bearish start of 2022 dragged the price lower by more than 90% and currently consolidating within a narrow region between INR 34 and INR 25 
• Despite a huge influx of volume, yet the volatility of the asset remains at the rock-bottom levels, indicating a strong accumulation phase
• The Bollinger bands after a pretty long time have squeezed significantly and hence a massive price action is pretty much expected along the dominated volume
• With a breakout from the consolidation, the price may flip and materialize a strong uptrend towards INR 60 and then clear 0.23 FIB levels, by the end of June 
• The main target in July would be to achieve a 3-digit figure and secure the levels above INR 110 by the end of the month
• Once these levels are secured, heading towards the next target at 0.61 FIB levels at INR 160 is a tedious job that may include multiple rejections and rebound, hence compelling the price to consolidate between INR 140 to INR 170 by the end of July

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.

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