TL;DR Breakdown
- The price is going higher as per Fantom price analysis.
- Price levels have reached the $1.32 value.
- Support is quite strong at $ 1.08 level.
The Fantom price analysis is favoring the bulls as the price levels have undergone significant improvement through out the day. The circumstances have been quite favorable for the overall price values as the price has increased tremendously. Further improvement in price is to follow in the upcoming hours as well as the bulls have taken the price above $1.32 in the last four hours.
FTM/USD 1-day price chart: Bulls towards recovery after overtaking bears
The one day Fantom price analysis shows that the bulls are giving a tough time to the bears as the price has increased today. The price levels are rising gradually and currently the price is settled at the $1.32 mark.
During the past week, the bears tried to overpower the bullish momentum but failed in their attempt as the bulls are leading today as well. The moving average (MA) value is set at the $1.24 mark for the day, just below the current price level.
The volatility has decreased during the day which should be taken as an encouraging sign for the future. The Bollinger bands Indicator, on the other hand, is showing its upper value at $1.65 and its lower value at the $1.03 spot. The Relative Strength Index (RSI) score has increased as well and is now present at the 56 level.
Fantom price analysis: Bullish rally continues as FTM price surges past $1.32
The 4-hours Fantom price analysis is going in the bullish direction as the price has reached $1.32 level successfully. This is an encouraging signal for the buyers and high time for them to invest in the FTM assets.
Moreover, other important indicators that are confirming the uptrend are the moving average and Bollinger band indicators. The moving average value is at the $1.33 position whereas the Bollinger bands are at the average position of $1.22.
The volatility has undergone decline during the past four hours which is a positive signal for the future. The other Bollinger band values are as such; the upper value is placed at the $1.33 height whereas the lower one is present at $1.08 point. The RSI score is going high as well and has reach 60 index which is quite near the over bought limit.
As confirmed from the above analysis, the bulls are reigning the price charts which is why the technical indicators chart is giving a buying signal. There are a total number of 14 indicators that are on the buying mark, with only eight at the neutral and four indicators at the selling positions.
The moving averages indicators is also giving similar hints as it is giving out a strong bullish signal for the day. There are 13 indicators standing at the buying position whereas only two indicators are found at the selling point and zero at the neutral one.
The Oscillators are standing neutral for the day as there are eight oscillators on the neutral level, two on the selling level and only one oscillator on the buying level.
Fantom price analysis: conclusion
From the above 1-day and 4-hours Fantom price analysis it can be confirmed that the uptrend is getting stronger with each passing day. The price is quite close towards its aim i.e. the resistance level present at $1.34.
Right now, the FTM/USD price is standing at $1.32 and is expected to move towards another higher level as well as the bullish momentum is increasing.
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