Fantom (FTM) Price Prediction 2023, 2024, 2025–2030 | CoinCodex (2024)

According to our current Fantom price prediction, the price of Fantom is predicted to rise by 27.46% and reach $ 0.540822 by January 16, 2024. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 76 (Extreme Greed). Fantom recorded 14/30 (47%) green days with 11.21% price volatility over the last 30 days. Based on our Fantom forecast, it's now a good time to buy Fantom.

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsem*nt, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Based on the historical price movements of Fantom and the BTC halving cycles, the yearly low Fantom price prediction for 2025 is estimated at $ 0.340758. Meanwhile, the price of Fantom is predicted to reach as high as $ 1.473614 next year. Using the same basis, here is the Fantom price prediction for each year up until 2030.

Fantom price prediction 2026

The Fantom price prediction for 2026 is currently between $ 0.361529 on the lower end and $ 1.460210 on the high end. Compared to today’s price, Fantom could gain 244.20% by 2026 if FTM reaches the upper price target.

Fantom price prediction 2031

The Fantom price prediction for 2031 is currently between $ 0.186696 on the lower end and $ 0.685837 on the high end. Compared to today’s price, Fantom could gain 61.66% by 2031 if it reaches the upper price target.

Fantom's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Fantom's 200-day SMA will rise in the next month and will hit $ 0.309536 by Feb 10, 2024. Fantom's short-term 50-Day SMA is estimated to hit $ 0.452059 by Feb 10, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 39.46, which indicates that the FTM market is in a neutral position.

Popular FTM Moving Averages and Oscillators for Thu, Jan 11, 2024

Moving averages are a popular indicator in all financial markets. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Fantom Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Fantom Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.410772, Fantom has support levels of $ 0.383644, $ 0.343169, and the strongest at $ 0.316040. Similarly, Fantom resistance levels are at $ 0.451247, $ 0.478376, and $ 0.518851.

Fantom Correlation

Over the past 7 days, Fantom price was most positively correlated with the price of The Graph (GRT), EOS (EOS), Immutable X (IMX), Hedera Hashgraph (HBAR) and Curve DAO Token (CRV) and most negatively correlated with the price of Akash Network (AKT), Wrapped Bitcoin (WBTC), Bitcoin (BTC), Stacks (STX) and Injective (INJ).

Fantom price is positively correlated with the top 10 coins by market cap with a price of 0.742, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.611.

Currencies that are positively correlated with Fantom indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Fantom, a move in one direction for Fantom would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Fantom price in the future, it’s helpful to also explore Fantom’s price history. In the last month, the FTM/USD pair is down .

Fantom Price Analysis

How to read and predict Fantom price movements?

Fantom traders use a variety of tools to try and determine the direction in which the FTM market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Fantom price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Fantom Price Prediction Indicators

Moving averages are among the most popular Fantom price prediction tools. As the name suggests, a moving average provides the average closing price for FTM over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for FTM is a sum of FTM’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the FTM price moves above any of these averages, it is generally seen as a bullish sign for Fantom. Conversely, a drop below an important moving average is usually a sign of weakness in the FTM market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the FTM price.

How to read Fantom charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Fantom with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Fantom’s price action in 1-hour chunks. Each candlestick will display FTM’s opening price, closing price, as well as the highest and lowest prices that Fantom reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Fantom?

Just like with any other asset, the price action of Fantom is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of FTM. The market capitalization of Fantom can change significantly in a short period of time.

When trying to make a Fantom forecast, many traders also try to monitor the activity of FTM “whales”, which are entities and individuals that control large amounts of FTM. Since the Fantom market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Fantom’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.