Fantom crypto (FTM) has caught the market’s attention, with analysts eyeing a massive 250% FTM price surge tied to bullish chart patterns and the long-awaited Sonic upgrade.
The overhaul promises serious advancements for Fantom’s ecosystem, sparking fresh hope among traders and investors. However, FTM
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is also staring down a falling knife trading pattern – here’s what to know.
Bullish Patterns Suggested a Breakout For Fantom
Fantom is lighting up the charts, grabbing attention after breaking out of a falling wedge—a move hailed as a bullish reversal by CryptoBoss, a high-profile analyst with 189K followers on X. The 4-hour FTM/USDT chart breakout suggests a potential 256% rally, with a target near $2.
Not everyone’s buying it, though. Over at 99Bitcoins, our analysts aren’t seeing the same fireworks.
Fantom is bleeding out, stuck in a grim downtrend with a death cross sealing the bearish outlook. The $0.7200 support zone is the last line of defense—lose that, and it’s an open door to deeper losses.
Volatility is also off the charts, with the price clinging to the lower Bollinger Band, a clear sign sellers are still calling the shots. The RSI hints at oversold levels, but no reversal or bullish divergence is in sight. This is a falling knife, and unless $0.7200 holds or the 20-day SMA is reclaimed, anyone buying here is walking a tightrope.
On-Chain Metrics Somewhat Support Fantom Optimism
Thankfully, there are some things to be excited about for FTM. Santiment data shows that Fantom’s weighted social sentiment has risen over the past week, suggesting growing optimism among traders. The sentiment has improved from -1.64 earlier this month to -0.0427 at press time, further bolstering the case for a price rally.
$FTM Update breakout & Retest has been Confirmed in weekly timeframe.
Expecting 400-500% massive bullish rally in next coming weeks
#FTMUSDT #FTM #Crypto pic.twitter.com/hNfuMxgvO0
— Clifton Fx (@clifton_ideas) January 5, 2025
Moreover, Fantom’s transformation into Sonic Chain is set to bring a leaner, meaner blockchain to the table. The upgrade aims to replace FTM’s role across staking, validation, and governance by promising quicker transaction speeds, slashed fees, and a new powerhouse S token.
FTM holders get a lifeline, too, with an equal token swap ready once Sonic Chain launches. Major crypto exchanges, including Binance and Crypto.com, have pledged their support as FTM trading pairs prepare to bow out by January 2025.
FTM Price Prediction 2025
Despite a 40% drop in FTM’s price last month, technical indicators suggest bullish momentum could return soon. The MACD indicator on the daily FTM/USDT chart shows the MACD line nearing a bullish crossover with the signal line, hinting at potential upward movement. Meanwhile, the RSI in oversold territory points to a possible short-term rebound.
Key levels to watch include immediate support at $0.7200 and resistance at $0.7420. If Fantom’s market sentiment and technical momentum align with broader crypto recovery, analysts’ $2 to $4 price targets might not be out of reach.
The upcoming Sonic upgrade and introduction of S tokens represent a pivotal moment for Fantom. These changes, combined with growing whale accumulation and notable social sentiment improvement, set Fantom up as one of the most exciting altcoins to watch in 2025.
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The post Is Fantom on The Verge of Mega Move: FTM Price Mounts Bullish Breakout Retest appeared first on 99Bitcoins.
