FTM Price Predicted to Increase Hundreds of Percent According to This Crypto Analyst!

Bittime - Javon Marks, a crypto market observer, predicts that the price of Fantom (FTM) will rise hundreds of percent. This crypto asset has the potential to experience a significant price spike in the near future. Read more, come on!

Fantom Price Prediction (FTM)

This prediction is based on Marks' observation of the formation of the Hidden Bullish Divergence pattern on the FTM chart. According to Marks, this pattern could trigger a massive rally, with a potential increase of up to 234%. 

Of course, this figure is no joke and immediately became a hot topic of conversation among crypto traders and investors.

Read also: Fantom Officially Changes Name to Sonic Labs

When this article was written, FTM was trading at $0.3865 (around IDR 6,000), experiencing an increase of 4.3% in the last 24 hours. If you look at weekly performance, FTM still recorded an increase of 14.6%, based on data from Coingecko.

Fantom (FTM) Is ​​at the Beginning of an Upturn

Marks believes that Fantom is currently in the early stages of an uptrend that has the potential to erase all of its previous losses, perhaps even more. 

"FTM has just confirmed a Hidden Bullish Divergence and is experiencing a retracement. This pattern has happened before before entering a massive continuation phase, and could happen again," said Marks in a tweet on the X platform.

Bullish Divergence itself is a technical signal where asset prices form a lower low. Meanwhile, the oscillator indicator shows a higher value. 

This situation is often a sign that the asset price has the potential to reverse direction, indicating weakening bearish strength and strengthening bullish sentiment.

Read also: Proposing New Minting Token, Sonic Fantom Proposal Approved!

If Marks' prediction proves accurate, Fantom could shoot up to 234% from its current price level. This spectacular rise would not only be a huge leap for the FTM token, but could also be the gateway to the crucial $3 level (around IDR 46,800).

However, it is important to remember that the crypto market is known for its high volatility. Although technical signals such as Hidden Bullish Divergence can be helpful in identifying market trends, there is no guarantee that predictions will always be correct.

Based on data from CoinMarketCap, Fantom is currently ranked 59th based on market capitalization, with a total value of around $917 million (around IDR 14.3 trillion). 

The project is known for its fast blockchain technology and low transaction fees, making it an attractive option for developers of decentralized applications (DApps).

Fantom Community Enthusiasm (FTM)

Meanwhile, the Fantom community on social media shows high enthusiasm for this prediction. Many are optimistic that FTM will break through the next resistance level soon. 

However, some more conservative investors warn of the importance of caution and good risk management when investing in crypto assets.

Regardless of how these predictions will develop, one thing is certain: the eyes of the crypto world are now on Fantom's movements. 

Both investors and traders will be closely watching FTM price fluctuations in the coming days and weeks, hoping to capture the upward momentum predicted by Marks.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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