Analyst Shares Anatomy Of FTM’s 18,000% Move To $150 By 2025
A recent technical analysis from TradingView has drawn attention to Fantom price, predicting an 18,000% price increase Increase to $150 By 2025. Super optimistic forecast This scenario is common in the cryptocurrency market, but this one is unusually optimistic for Fantom. This technical analysis goes back to the end of 2020 for cryptocurrency price action, making ultra-optimistic predictions based on historical price trends and technical patterns forming on the Fantom price chart.
FTM 18,000% trend analysis
Analyst forecasts first highlighted Fantom’s price correction of a massive 70% from its 2021 all-time high of $3.46. Still, technical indicators suggest investors now have a bullish outlook on the cryptocurrency. Fantom/TetherUS 10-day chart shows price action and relative strength indicatorsignaling a shift in momentum from bearish to bullish. As a result, analysts’ technical structure now suggests a bullish reversal is underway.
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The core of prediction This is a bull flag pattern that spans Fantom’s price action over the past three years. Notably, recent price action has seen Fantom price break out of a bull flag pattern. Analysts note that if this pattern repeats the shock wave of Fantom’s rise in 2021, the cryptocurrency could achieve another 18,000% gain. Back in 2021, the price of Fantom increased by 18,000%, from around $0.015 in November 2020 to $3.46 in October 2021.
Although the cryptocurrency landscape has changed since then, analysts predict that Fantom may repeat its 18,000% move again given the bull flag breakout. This would mean that the current price level is $150. This move will undoubtedly allow Fantom to outperform most cryptocurrencies.
Nonetheless, the analysis highlights the need for patience as corrections of up to 80% are possible during the expected climb. A confluence of multiple technical indicators (visualized by the red and blue arrows in the chart below) further supports the forecast.
Key resistance levels and risk assessment
Analysts identify $3 as the first major resistance level, highlighted by the formation of an inverse head and shoulders pattern. A breakout of this area would be a critical step in validating the bullish trajectory.
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As of this writing, Fantom (FTM) is trading at $1.03. Its price action over the past seven days has been trading between the upper and lower limits of $1.29 and $0.987 respectively. However, Phantom Still bullish on larger time framesas it is currently up over 61% in the past 30 days.
Forecasting 18,000 from current levels would require greater capital inflows than in 2021, when Fantom was trading around 1 cent. Regardless of the outcome of this 18,000% prediction, Fantom’s price is expected to maintain steady growth along with the rest of the cryptocurrency market, especially If altcoin season Finally roll in.
Featured image created using Dall.E, chart from Tradingview.com
