Phantom Price Prediction for Today, May 29 – FTM Technical Analysis

adminMay 29, 2024

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Phantom price prediction shows FTM sitting at $0.815 as the coin breaks above its 9-day moving average.

Phantom (FTM) announces major ‘Opera’ upgrade amid possibility of price rebound

Fantom enters a new era with the official launch of the Opera upgrade, subject to mandatory verification of staked FTMs. Recently, Fantom entered into a strategic partnership with Google Cloud and announced an upgrade of the existing Opera chain after achieving a 66% threshold consensus level.

Phantom prediction statistical data:

Current Phantom Price – $0.815
Phantom market capitalization – $2.2 trillion
Phantom Circulating Supply – 2.8 billion
Phantom total supply – 3.17 billion units
Fantom Coinmarketcap Ranking – 52nd

FTM/USD market

Main level:

Resistance levels: $1.250, $1.300, $1.350

Support levels: $0.450, $0.400, $0.350

Phantom Price Prediction for Today May 29 – FTM Technical Analysis — FTMUSD – daily chart

FTM/USD is trading around $0.815 and once it breaks above the potential resistance of $0.900, the next target is positioned at $1.000, which could lead to a breakout of the channel upper limit. However, a push from here could cause the price to fall near $0.900 right away, but if the current levels fail to maintain strength, Phantom (FTM) price may fall below the support level of $0.750.

Fantom Price Prediction: Is Fantom Ready for an Upswing?

Looking at the daily chart, a phantom bull market could enter the market, and if buyers push the coin above its 9-day moving average, FTM/USD could head towards the channel to reach potential resistance levels of $1.250, $1.300, and $1.350. each. Additionally, a bullish move above these key resistance levels could encourage further buying.

This means that a bearish move below the lower boundary of the channel could touch the important support levels at $0.450, $0.400, and $0.350. On the other hand, if the 9-day MA remains above the 21-day MA, the phantom may tend to follow an uptrend, which could suggest that the market may establish an additional bullish trend.

FTM/BTC is integrated within the channel.

Compared to Bitcoin, Phantom price may need to break above the upper limit of the channel to reach the resistance level of 1500 SAT. So, unless this resistance effectively holds and the price closes above it, there may be no reason to expect a bearish move.

Nonetheless, if the coin decides to follow the bearish move, it could hit fresh lows below 1192 SAT and if the weakness persists below the lower boundary of the channel, it could meet key support below 500 SAT. Meanwhile, if the coin moves higher, it could touch potential resistance above SAT 1850. For reference, the 9-day moving average is still hovering above the 21-day moving average, allowing the coin to rise.

Additionally, @realijazawan shared with his 5,000 followers on X (formerly Twitter) that $FTM continues to trade above local support levels after a successful retest. He is awaiting further signals from Bitcoin that suggest a market rally could push $FTM towards the next resistance level in the $1.22 range.

$FTM
Still trading above local support levels afterward.
successful retest
Still waiting for instructions from Bitcoin
The market could pump towards the next resistance in the $1.22 range. pic.twitter.com/NokKIDeK7x
— Ijaz Awan (@realijazawan) May 29, 2024

phantom alternative

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