Phantom Price Prediction for Today March 3 – FTM Technical Analysis

adminMarch 4, 2024

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According to Fantom price predictions, FTM remains in the green as the coin market rises due to increased buying pressure.

Phantom price is trading at $0.60 and is close to a bullish breakout.

Phantom price is on a promising trajectory that could bring significant profits to investors. After enduring a period of consolidation in recent weeks, the current price action suggests the formation of a bullish pattern. A successful break out of this pattern can cause the price to reach new highs, creating a profitable opportunity for investors.

Phantom prediction statistical data:

Current Phantom Price – $0.60
Phantom market capitalization – $1.7 trillion
Phantom Circulating Supply – 2.8 billion
Phantom total supply – 3.1 billion
Fantom Coinmarketcap Ranking – 59th

FTM/USD market

Main level:

Resistance levels: $0.75, $0.80, $0.85

Support levels: $0.35, $0.30, $0.25

Phantom Price Prediction for Today March 3 – FTM Technical Analysis — FTMUSD – daily chart

FTM/USD is now crossing the top of the channel after hitting a daily high of $0.61 in today’s European session. If the price breaks above the channel, the coin may continue to rise. However, Phantom (FTM) may remain on the positive side and the price may touch the nearest resistance level of $0.65 in the next positive direction.

Phantom Price Prediction: Phantom Could Break Short-Term Resistance

According to the daily chart, the price of Phantom is gradually breaking out of the box range and showing an upward trend, with the 9-day moving average exceeding the 21-day moving average. However, if the coin slips below the lower boundary of the channel, FANTOM (FTM) is more likely to find support at $0.35, $0.30, and $0.25. From above, the coin can cross the channel to find resistance levels of $0.75, $0.80, and $0.85 respectively.

FTM/BTC breaks out to the north

Due to the recent bullish price movement in the market compared to Bitcoin, Phantom (FTM) may be in an upward trend with its price crossing the upper boundary of the channel. Meanwhile, looking at the short-term bear market, below 650 SAT could provide a level of support for the next selling pressure if the coin breaks below the 9- and 21-day moving averages.

Nonetheless, after the resistance level of 987 SAT is reached, the bulls may start to dominate the market and push the market price northwards. However, if the support level of 779 SAT can act as a solid defense against any downside; Resistance levels above 1200 SAT may appear.

@Ritesh_Trades recently informed his wide audience of over 20,000 on X (formerly Twitter) that $FTM consistently reaches new highs whenever there is a pullback. He encourages research into the 2021 Phantom Cycle regression, citing a breakout of the 700-day range with little discussion of FTM. Ritesh questions the consequences of meme coins reaching regional highs and where the money will spin next.

Every time we go swimming $Ftm create new highs
Phantom Cycle Degeneration Research in 2021
The 700-day range is broken and CT is silent on FTM.
What happens if a meme coin breaks out of its local high? Where will the money go next?
Remilio https://t.co/2qn1w1JgVI pic.twitter.com/mPLKfcEOlt
— Ritesh✺ (@Ritesh_Trades) March 3, 2024

phantom alternative

Phantom price is showing an upward trend, driven by a bullish move above both the 9-day moving average and the 21-day moving average. However, continued upward momentum may push the coin price beyond the upper boundary of the channel. In comparison, Phantom is showing stability by securing 59th place in the cryptocurrency market with a market capitalization of $1.7 billion. However, its size may hinder its short-term growth potential. On the other hand, Bitcoin Minetrix, which raised a significant $11.7 million in pre-sales, offers the potential for rapid and significant appreciation despite its low market capitalization.

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