Fantom is Trading 10.23% Above Our Price Prediction for Dec 11, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, 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.

  • Fantom is up 4.95% today against the US Dollar
  • FTM/BTC increased by 5.65% today
  • FTM/ETH increased by 6.43% today
  • Fantom is currently trading 10.23% above our prediction on Dec 11, 2022
  • Fantom dropped -12.17% in the last month and is down -83.60% since 1 year ago
Fantom price $ 0.253107
Fantom prediction $ 0.229614 (-9.28%)
Sentiment Neutral
Fear & Greed index 25 (Extreme Fear)
Key support levels $ 0.243053, $ 0.233854, $ 0.227013
Key resistance levels $ 0.259092, $ 0.265933, $ 0.275132

FTM price is expected to drop by -9.28% in the next 5 days according to our Fantom price prediction

is trading at $ 0.253107 after gaining 4.95% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 1.39% in the same time period. FTM performed well against BTC today and recorded a 5.65% gain against the world’s largest cryptocurrency.

According to our Fantom price prediction, FTM is expected to reach a price of $ 0.229614 by Dec 11, 2022. This would represent a -9.28% price decrease for FTM in the next 5 days.

FTM Price Prediction Chart

Buy/Sell Fantom

What has been going on with Fantom in the last 30 days

Fantom has been displaying a negative trend recently, as the coin lost -12.17% in the last 30-days. The medium-term trend for Fantom has been bullish, with FTM increasing by 3.27% in the last 3 months. The long-term picture for Fantom has been negative, as FTM is currently displaying a -83.60% 1-year price change. On this day last year, FTM was trading at $ 1.54.

Fantom reached its all-time high price on Oct 28, 2021, when the price of FTM peaked at $ 3.47. The current FTM cycle high is $ 0.260470, while the cycle low is at $ 0.164119. FTM has been displaying high volatility recently – the 1-month volatility of the coin is at 15.29. Fantom recorded 15 green days in the last 30 days.

Fantom technical analysis for today – Dec 06, 2022

The sentiment in the Fantom markets is currently Neutral, and the Fear & Greed index is reading Extreme Fear. The most important support levels to watch are $ 0.243053, $ 0.233854 and $ 0.227013, while $ 0.259092, $ 0.265933 and $ 0.275132 are the key resistance levels.

Neutral sentiment for Fantom

17 indicators are currently signaling a bullish prediction for Fantom, while 16 indicators are showing a bearish forecast. With 52% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Fantom.

Crypto market is currently experiencing Extreme Fear

Currently, the Fear & Greed index is at 25 (Extreme Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Fantom moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Fantom is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 0.244100 (BUY) $ 0.252252 (BUY)
MA5 $ 0.245941 (BUY) $ 0.246659 (BUY)
MA10 $ 0.226831 (BUY) $ 0.234653 (BUY)
MA21 $ 0.202376 (BUY) $ 0.218289 (BUY) $ 0.258483 (SELL) $ 0.286967 (SELL)
MA50 $ 0.212284 (BUY) $ 0.215625 (BUY) $ 0.831512 (SELL) $ 0.567528 (SELL)
MA100 $ 0.225433 (BUY) $ 0.244705 (BUY) $ 0.842243 (SELL) $ 0.655421 (SELL)
MA200 $ 0.271106 (SELL) $ 0.395936 (SELL) $ 0.428592 (SELL) $ 0.569343 (SELL)
Period Value Action
RSI (14) 61.76 SELL
Stoch RSI (14) 95.23 SELL
Stochastic Fast (14) 81.58 SELL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 36.63 SELL
Awesome Oscillator (5, 34) 0.03 NEUTRAL
Momentum (10) 0.06 NEUTRAL
MACD (12, 26) 0.01 NEUTRAL
Williams Percent Range (14) -18.42 SELL
Ultimate Oscillator (7, 14, 28) 64.38 NEUTRAL
VWMA (10) 0.24 BUY
Hull Moving Average (9) 0.25 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 0.21 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Fantom is at 61.76, suggesting that FTM is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Fantom over the last 50 days. Currently, Fantom is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the FTM closing price for the last 200 days. FTM is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Fantom prediction

After considering the above factors, we can conclude that the current forecast for Fantom price prediction is Neutral. FTM would have to decrease by -9.28% to hit our $ 0.229614 target within the next five days. Moving forward, it will be important to monitor the FTM market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Fantom price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, 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.

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