Fantom Price Prediction for Today, February 21: FTM/USD Rebounds as Price Hits $0.55 Level

Join Our Telegram channel to stay up to date on breaking news coverage

The Fantom price prediction shows that FTM is gaining more strength as the coin crosses above the moving averages.

Fantom Prediction Statistics Data:

  • Fantom price now – $0.55
  • Fantom market cap – $1.4 billion
  • Fantom circulating supply – 2.7 billion
  • Fantom total supply – 3.1 million
  • Fantom Coinmarketcap ranking – #41

FTM/USD Market

Key Levels:

Resistance levels: $0.70, $0.75, $0.80

Support levels: $0.40, $0.35, $0.30

Fantom Price Prediction for Today, February 21: FTM/USD Rebounds as Price Hits $0.55 Level
FTMUSD – Daily Chart

FTM/USD may continue to refresh to the upside as the coin currently trades at $0.54 with a bullish crossover and trend intraday. Today, the Fantom price is likely to face the upper boundary of the channel as higher resistance may come in the next positive direction.

Fantom Price Prediction: Fantom Price May Spike to the Upside

The Fantom price is likely to increase the bullish movement if the price increases and heads toward the upper boundary of the channel. At the moment, the technical indicator Relative Strength Index (14) is likely to cross above the 60-level; and it could send bullish signals into the market to encourage more buyers.

Meanwhile, if the 9-day moving average crosses above the 21-day moving average, it is for the confirmation that the coin will head to the north, and the price could hit the nearest resistance levels at $0.70, $0.75, and $0.80 respectively. On the contrary, if the technical indicator Relative Strength Index (14) slides below the 50-level, there may be a little retreat to the south, which could bring the market price to the support levels of $0.40, $0.35, and $0.30.

Against Bitcoin, Fantom (FTM) may cross above the 9-day and 21-day moving averages as the price heads to the upside. Meanwhile, the fact that the market keeps moving in the same direction within the channel, the crypto is likely to form a bullish movement if the technical indicator Relative Strength Index (14) moves to cross above the 60-level.

FTMBTC – Daily Chart

Nevertheless, if the buyers push the market price towards the upper boundary of the channel, crossing above this barrier could hit the resistance level of 3000 SAT and above. Meanwhile, traders should watch out for any strong selling pressure which could bring the price below the lower boundary of the channel, this could attract new sellers coming into the market with the next focus on the support level of 1300 SAT and below.

Fantom Alternatives

At the time of writing, the Fantom price is trading bullishly and it may continue to move upwards if the price crosses above the upper boundary of the channel. Nevertheless, the FGHT token is at the center of Fight Out’s ecosystem. It is an ERC-20 token built on Ethereum’s network and there has already been close to $5 million raised during the Fight Out presale.

Fight Out (FGHT) - Move to Earn in the Metaverse

Rating

Fight Out token
  • CertiK audited & CoinSniper KYC Verified
  • Early Stage Presale Live Now
  • Earn Free Crypto & Meet Fitness Goals
  • LBank Labs Project
  • Partnered with Transak, Block Media
  • Staking Rewards & Bonuses
Fight Out token
Learn More

Join Our Telegram channel to stay up to date on breaking news coverage

Comments

Post a Comment

Popular posts from this blog

Iran completes pre-pilot phase of central bank digital currency

The Central Bank of Iran progresses with CBDC development in anticipation of the Bank of Russia’s governor Elvira Nabiullina’s visit. Iran is moving forward with its central bank digital currency (CBDC) plans, completing preliminary research for the launch of a potential digital rial. The Central Bank of Iran (CBI) has successfully completed a pre-pilot phase in the development of Iran’s CBDC, according to an official statement by CBI’s research arm, the Monetary and Banking Research Institute (MBRI). Mohammad Reza Mani Yekta, head of the CBI office for supervising payment systems, announced the news at the ninth annual conference on electronic banking and payment systems on Feb. 20. He noted that Iran’s central bank plans to increase the scope of the CBDC pilot in the country’s payment system, but doesn’t want to rush its implementation. “The pre-pilot phase ended successfully with valuable achievements. The project will soon be launched in other ecosystems and will be used by mo...
Read more

5 Cryptocurrencies Outperforming Others in the Top 100

Image
WLD’s successful rise above the $8 resistance could trigger a jump toward $10. AR might slip below $20 while selling pressure could lead PEPE down to $0.0000013. Increased buying pressure could send FET above $2 while FLR’s momentum had turned bearish. Over the last few weeks, the broader crypto market has experienced major upside with Bitcoin (BTC) hitting $64,000 at one point. However, apart from Bitcoin’s jump, there have been several cryptocurrencies that have been in the spotlight and performed exceptionally. Here are the top five best-performing coins in the top 100. Worldcoin (WLD) Worldcoin’s (WLD) price increased by 217.82% in the last 30 days. At a particular time, the price of the token crossed $9. However, in the last seven days, the upward trajectory had cooled, and at press time, Worldcoin changed hands at $7.72. Based on the 4-hour WLD/USD chart sellers might have gotten exhausted with support appearing at $7.25. However, a build-up bac...
Read more

ChatGPT 4-o predicts Solana price amid ETF forecast for 2025

Image
Solana (SOL), currently the fifth-largest cryptocurrency by market capitalization, has experienced a notable price jump in the past 24 hours.  This rise is fueled by VanEck, a well-known New York investment management firm, filing an S-1 registration statement for its “VanEck Solana Trust,” marking the first attempt to launch a spot Solana exchange-traded funds (ETFs) in the U.S. In addition, Canadian firm 3iQ Corp recently filed a preliminary prospectus to introduce the Solana Fund (QSOL) in Canada. These filings have generated substantial interest and speculation about Solana’s future price trajectory.   Picks for you 3 cryptocurrencies to turn $100 into $1,000 for end of 2024 32 mins ago Here's Bitcoin's ...
Read more