Fantom (FTM) could increase by 98% in the next month!!
Coin Bureau's YouTube host, Guy Turner, is expressing optimism for the layer 1 blockchain Fantom (FTM), claiming that the Ethereum competitor has more price increase potential based on technical analysis.
“The weekly chart seems to be drawing a head and shoulders pattern similar to the peak that FTM experienced at the end of 2021. Notably, this pattern implies that the price could rise even higher.”
According to Turner, Fantom could increase by around 98%, nearly doubling its current price.
“Zooming in on the weekly chart shows that FTM could rise as high as $1.60 in the short to medium term, after which it will likely stall when facing resistance from holders from the previous bull market.”
“It can be said that FTM has some solid ‘fundamental momentum’. It has a low price and market cap that does not impede a massive price increase.
The fact that FTM's supply has been allocated to investors and the team indicates there will be minimal selling pressure from them, especially when considering the enormous financial stability of the Fantom Foundation.
The only thing that FTM lacks is a story that retail investors can understand. And greater retail accessibility.
With the upcoming Sonic upgrade, Fantom is promising to rise even higher.