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Fantom (FTM) Price Prediction 2022 for BINANCE:FTMUSDT by TheNewsCrypto

Fantom ( FTM ) Price Prediction 2022

Fantom ( FTM ) holds the 59th position on CoinGecko right now. FTM price prediction 2022 is explained below with a daily time frame.

Horizontal channels are trendlines that connect variable pivot highs and lows to show the price contained between the upper line of resistance and lower line of support. A horizontal channel is also known as a price range or sideways trend. In a horizontal channel, buying and selling pressure is equal and the prevailing price direction is sideways. A horizontal channel or sideways trend has the appearance of a rectangle pattern. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points.

Currently, Fantom ( FTM ) is in the range of $0.4123. If the pattern continues, the price of FTM might reach the resistance level of $1.1465. If the trend reverses, then the price of Fantom ( FTM ) may fall to $0.3084.

Fantom ( FTM ) Support and Resistance Levels

The below chart shows the support and resistance level of Fantom ( FTM ).

From the above daily time frame, the following are the resistance and support levels of Fantom ( FTM ).

Resistance Level 1 – $0.3922

Resistance Level 2 – $0.6082

Resistance Level 3 – $0.9628

Resistance Level 4 – $1.7512

Support Level – $0.2124

The charts show that Fantom ( FTM ) has performed a bullish trend over the past month. If this trend continues, FTM might run along with the bulls overtaking its resistance level at $1.7512.

Accordingly, if the investors turn against the crypto, the price of the Fantom ( FTM ) might plummet to almost $0.2124, a bearish signal.

Happy Trading !!!!

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