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Fantom Price Prediction June, July & August: FTM Price Poised to Record a 50% Jump, this Quarter!

FTM Price

Key Takeaways

Price Comparison Table

Crypto-Asset Start-Month Price (May) Mid-Month Price (May) End-Month Price (May) % Change
Fantom (FTM)  INR 60.14 INR 30.57 INR 31.31 -92.07%

*As of 09-June-2022

Check latest prices, charts, and data of FTM/USDT

Fantom (FTM) Technical Analysis at a Glance

The Fantom price had registered a bearish start of the year 2022 by facing rejection from INR 250 levels. The plunge continued to squeeze out the gains every new day, neutralizing the impacts of the short-term bounces that occurred every now and then. 

Presently, the asset is plunged more than 90% from its highs and hence may be assumed to continue dropping hard. But eventually, after a prolonged consolidation, the asset could rebound firmly and ignite a significant upswing soon. 

Short-Term (1hr) The price had experienced a short-term bounce which could get nullified soon as the bears may soon get into action
Mid-Term (4hr) The FTM price after the recent sell-off continues to maintain a narrow trend, displaying the possibilities of testing lower bottoms
Long-Term (D) The asset is lagging with the required buying pressure and hence could continue consolidating within narrow ranges

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1D / 1M) Action (1D / 1M)
Relative Strength Index(RSI) 36.96 / 43.54 Sell / Sell
MACD(12,26) -0.065 / 0.204 Sell / Buy
Average Directional Index(ADX) 22.15 / 45.20 Sell / Sell
Bull-Bear Power -0.047 / -1.30 Sell / Sell

Pivot Levels

Pivot Levels Short-Term(D) Mid-Term(W) Long-term(M)
Moving Average(MA)-50 INR 42.75 INR 106.49 INR 28.76
Moving Average(MA)-200 INR 117.38 INR 30.32 INR 7.00
Resistance INR 67.22 INR 122.97 INR 169.65
Support INR 14.97 INR 13.76 INR 12.02

Oscillators

Oscillators Short-Term Mid-term Long-Term
Stochastic Oscillator 21.52 13.02 27.76
Ultimate Oscillator 44.59 27.82 39.05
Average True Range(ATR) 0.032 0.27 0.95
CCI -124.90 -108.3 -80.48

The Fantom (FTM) price is extremely bearish in all the time horizons. All the indicators are presently pointing towards a ‘sell’ signal. While no strong possibilities of a rebound or an upswing is not witnessed, some pointers signal a healthy flip after a brief consolidation.

Currently, a significant volume has accumulated which may result in a short-term bounce halting the descending trend. While the volatility of the asset is extremely low in all the time frames no extreme price action could be stabilized. 

FTM Price and Technical Analysis for May-July

Source: Tradingview

How to Invest in Fantom(FTM)

Buying, selling or investing in Fantom(FTM) is pretty simple and safe on CoinDCX. Along with the best deals in the market, you get access to the lucrative in-App features and multiple benefits. 

Investing in your favorite crypto assets is not a tedious job anymore. A newly launched Crypto Investment Plan (CIP) enables you to invest in any asset in easy weekly installments. To begin your trade here, first, download the CoinDCX App on your smartphone and follow the mentioned steps. Once your profile is verified, fund your wallet and buy Fantom (FTM).

Therefore, start in Bitcoin & other cryptos with Crypto Investment Plan now!


Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to support@coindcx.com.

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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