Fantom Price Projected to Increase 18,000% to $150 by 2025
A recent technical analysis on TradingView projects an 18,000% increase in the price of Fantom (FTM), potentially reaching $150 by 2025. This prediction is based on historical price trends and technical patterns observed since late 2020.
Anatomy Of FTM’s 18,000% Move
The analysis highlights a significant price correction of 70% from Fantom's all-time high of $3.46 in 2021. Currently, technical indicators suggest a bullish sentiment among investors. The 10-day Fantom/TetherUS chart indicates resistance breakouts in both price action and the RSI indicator, signaling a momentum shift from bearish to bullish and suggesting a bullish reversal is underway.
Central to the forecast is a bull flag pattern spanning three years of price movements. Recent activity shows Fantom breaking above this pattern. If it replicates the impulsive wave from its 2021 rally, another 18,000% increase could occur, taking the price from approximately $0.015 in November 2020 to $3.46 by October 2021.
Despite changes in the cryptocurrency landscape, the analyst believes Fantom can achieve another 18,000% move due to the bull flag breakout, translating to a price of $150. However, corrections of up to 80% may occur during this ascent, supported by multiple technical indicators shown in the accompanying chart.
Key Resistance Levels And Risk Assessment
The first major resistance level is identified at $3, marked by an inverse head-and-shoulders pattern. A breakthrough here would validate the bullish trajectory.
As of now, Fantom (FTM) trades at $1.03, with price movements over the past week fluctuating between $1.29 and $0.987. Despite recent volatility, Fantom remains bullish, having increased over 61% in the past 30 days.
Achieving an 18,000% increase from current levels will require significantly more capital inflow compared to 2021 when prices were around 1 cent. Regardless of the outcome, Fantom's price is expected to grow steadily alongside the broader crypto market, particularly if an altcoin season occurs.
