Fantom crypto (FTM) has attracted market attention, with analysts eyeing a massive 250% FTM price rise linked to bullish chart patterns and the long-awaited Sonic upgrade.
The overhaul promises serious progress for Fantom’s ecosystem, sparking new hope among traders and investors. However, FTM .cwp-coin-chart path svg { trait: ; line width: ; }
Price
Trading volume in 24 hours
Last price movement over 7 days
is also facing a downward trend in the knife trade – here’s what you need to know.
Uptrends suggest a breakout for Fantom
Fantom lights up the charts, attracting attention after breaking out of a falling wedge – a move hailed as a bullish reversal by CryptoBoss, a top analyst with 189,000 followers on X. FTM/USDT 4-hour chart breakout suggests a potential 256% rally, with a target near $2.
However, not everyone buys it. At 99Bitcoins, our analysts do not see the same fireworks.
Fantom is bleeding, stuck in a dark downtrend with a death cross sealing the bearish outlook. The $0.7200 support zone is the last line of defense: if you lose it, it is an open door to bigger losses.
Volatility is also off the charts, with price clinging to the lower Bollinger band, a clear sign that sellers are still in charge. The RSI is hinting 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 provide some support for phantom optimism
Fortunately, there are some things to get excited about for FTM. Sentiment data shows that Fantom’s weighted social sentiment has increased over the past week, suggesting growing optimism among traders. Sentiment has improved from -1.64 earlier this month to -0.0427 at press time, further strengthening the case for higher prices.
$FTM The update and retest were confirmed within a weekly time frame.
A massive 400-500% bull rally is expected in the coming weeks
#FTMUSDT #FTM #Crypto pic.twitter.com/hNfuMxgvO0
– Clifton Fx (@clifton_ideas) January 5, 2025
Additionally, the transformation of Fantom into Sonic Chain should bring a simpler and more efficient blockchain. The upgrade aims to replace FTM’s role in staking, validation and governance by promising faster transaction speeds, lower fees and a powerful new S token.
FTM holders also get a lifeline, 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 price last month, technical indicators suggest that bullish momentum could soon return. The MACD indicator on the FTM/USDT daily chart shows the MACD line close to a bullish crossover with the signal line, hinting at a potential move higher. Meanwhile, the RSI in oversold territory indicates a possible near-term rebound.
Key levels to watch include immediate support at $0.7200 and resistance at $0.7420. If market sentiment and Fantom’s technical momentum align with a broader crypto rally, analysts’ price targets of $2-4 might not be out of reach.
Sonic’s upcoming upgrade and the introduction of S Tokens represents a pivotal moment for Fantom. These changes, combined with increasing whale accumulation and a notable improvement in social sentiment, make Fantom 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.
