Fantom Price Prediction – Will FTM Price Hit $0.42 Soon?

Is Fantom a good investment in 2022? Below you will find everything you need to know about FTM price, technical indicators, and exchanges.

This Fantom (FTM) Price Prediction 2022 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 prediction. But before we move on to technical analysis, let’s take a brief look at the project itself.

What is Fantom (FTM)?

Fantom (FTM) is described as an acyclic graph (DAG) smart contract project which offers decentralized finance (DeFi) services to developers utilizing its own bespoke consensus methodology.

More so, along with its in-house token Fantom (FTM) aims to solve issues associated with smart-contracts platforms, mainly transaction speed which developers explain they have decreased to under two seconds.

In addition, the Fantom Foundation which can oversee the Fantom product offering was originally developed in 2018, with the launch of OPERA, Fantom’s mainnet, that came in December 2019.

Now that we have an idea about FTM, do you think FTM will be profitable crypto in 2022? Join me and let us see the charts in this FTM price analysis and FTM price prediction.

Fantom (FTM) Current Market Status

As of the time of writing this Fantom price analysis, FTM trades at $0.22 with a 24-hour trading volume of $103,288,470. The price of FTM has increased by 1.5% in the last 24 hours.

Market Cap$565,469,881
Fully Dilluted Valuation$706,516,712
Circulating Supply2,541,152,731
Total Supply 3,175,000,000
Max Supply 3,175,000,000
24 Hour Trading Volume3,175,000,000

Currently, FTM has a circulating supply of 2.54 billion FTM. Currently, the top cryptocurrency exchanges for FTM are Binance, OKX, FTX, KuCoin, and Mandala Exchange.

Now, let’s proceed to the next part of this FTM technical analysis for 2022.

Fantom (FTM) Price Analysis 2022

Currently, Fantom holds 72nd place on CoinMarketCap. But will the latest upgrades, development, and changes in the FTM blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this FTM price prediction article.

The relative strength index (RSI) of FTM is at level 55.93. This means that the crypto is in a nearly overbought state. In this event, traders and investors must trade with caution to prevent unexpected price dumps. With this, traders can avoid losing huge amounts of funds and maximize their profit potential in trading.

FTM Relative Strength Index. Image: Tradingview
FTM Relative Strength Index. Image: Tradingview

Meanwhile, Fantom’s Moving Average (MA) is shown in the chart above. Currently, FTM is in a bullish state. Notably, the FTM price is above 50 MA and 200 MA (long-term), so it is completely in a bullish state. Therefore, there is a high possibility of a trend reversal at any time.

FTM Moving Average. Image: Tradingview
FTM Moving Average. Image: Tradingview

Is Fantom a good investment in 2022?

The chart below shows that FTM has been moving sideways for quite a long time. However, there's a chance that this trend will be averted, resulting in an FTM bull run up to $1.4 after breaking the $1.19 resistance.

FTM/USD price chart. Image: Tradingview
FTM/USD price chart. Image: Tradingview

Conversely, if the investors turn against the crypto, the bears might take over and push FTM from its uptrend position. In simpler terms, the price of FTM might decrease to almost $0.15, a bearish signal.

Meanwhile, our long-term FTM price prediction for 2022 is bullish. FTM has a high possibility of reaching $1.5 this year. However, that will only happen if it breaks many previous psychological resistances.

Fantom (FTM) Price Prediction 2023

If FTM holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $1.66, making it not plummet but play consistently.

Fantom (FTM) Price Prediction 2024

As per the latest upgrades, developments, FTM price prediction, and new project forecasts of the platform, FTM investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of FTM in the crypto market, and it will be the best investment as the price can spike and reach around $1.8.

Fantom (FTM) Price Prediction 2025

In the next four years, FTM prices could race up to $2.3. However, reaching this level could not be so difficult for FTM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that FTM has a high possibility of reaching a new ATH soon in the next three years as per the prediction.

Conclusion

Fantom has a bright future ahead of it in 2022. With the ongoing developments happening within the FTM ecosystem, as well as in the overall crypto market, we may see FTM reach new heights.

Bullish FTM price prediction for 2022 is $0.422. As said above, it may even reach $0.5 if investors have decided that FTM is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.