Analysis of Fantom prices today (December 16, 2024)

The current price of Fantom ($FTM ) is $1.42, the price has increased by +13.50% over the last 24 hours. Currently, FTM is available on 56 exchanges, and in the last 24 hours, 400,031,590 FTM coins were traded, amounting to $566,088,219 in trading volume. $ACA $COW

Today, Fantom (FTM) opened at $1.43. This is -1.21% lower than the opening price. Despite rallying to $1.47, Fantom (FTM) faced resistance and could not maintain the momentum to move higher. It has increased by 1.77% and 3.31% from the maximum price over the last 30 and 7 days, respectively, and has risen by 120.17% and 36.84% from the minimum recorded price over the same periods.

According to our analysis, FTM needs to stay above $1.37 to potentially move towards the first significant resistance level at $1.48. A breakout above $1.48 could lead to an increase in FTM to the next resistance level at $1.68. The third resistance is at $1.79.

If the price falls, the first support level to watch is $1.37. If this level does not hold, further declines may occur down to the next support level at $1.25. #2024withBinance