The prediction that Fantom (FTM) could rise by 20% during this month depends on several factors, such as news related to the project, the general market trend, and the technical support and resistance level of the coin.
Quick analysis:
1. Positive factors that may push the price up:
Development news: Any new updates on the Fantom network or partnerships may attract investors.
Bull market: If the general market continues to improve, FTM may rise along with the rest of the coins.
Network usage: If activity on the Fantom network increases, especially in DeFi applications, this may lead to an increase in demand for the coin.
2. Negative factors to watch out for:
Market volatility: The cryptocurrency market is known for its high volatility.
Technical challenges or poor liquidity may hinder the expected rise.
My advice:
Technical analysis: Monitor the resistance and support levels on the charts, and make sure there is positive momentum (RSI, MACD).
Project news: Follow the project updates on sites like Twitter or Medium.
Risk Management: Only invest what you can afford to lose, and set clear exit targets whether you make a profit or a loss.
If market conditions improve, a 20% rise may be possible, but remember that cryptocurrencies are highly speculative.