$FTM $USDT $XRP
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A recent surge in attention on TradingView centers around the Fantom (FTM) cryptocurrency, with an analyst projecting a jaw-dropping 18,000% increase in its price, aiming for a $150 target by 2025. This type of ultra-bullish forecast isn’t new to the volatile crypto market, yet the prediction places Fantom under a particularly optimistic spotlight. Drawing from its price activity starting in late 2020, the analysis underpins its forecast on the assessment of historical price behaviors alongside the technical formations on the Fantom price chart. The dissection of this staggering 18,000% potential rise begins with noting Fantom’s harsh 70% price drop from its all-time high in 2021. Despite this setback, current technical indicators have begun to favor a bullish outlook for the cryptocurrency.
The prediction and subsequent analysis find their footing in resistance breakouts both in the price movement and the Relative Strength Index (RSI), observed through a 10-day Fantom/TetherUS (USDT) chart. These indicators suggest a pivotal shift in market sentiment, from bearish to bullish, hinting at a strong bullish reversal currently in development. This bullish outlook is anchored on a bull flag pattern that enriched Fantom’s price chart over the past three years, with recent activities breaking above this pattern, suggesting an onset of another monumental price wave reminiscent of the 2021 surge.
In 2021, Fantom’s dramatic growth trajectory saw its price rocket from $0.015 to $3.46, marking an 18,000% increase within a year. The analyst posits that, following the bull flag pattern’s breakout, a similar impulsive wave could propel Fantom to a staggering new high of $150, translating to another 18,000% leap from its current standing. This prospect of astronomical growth places Fantom in the leagues of potentially outperforming a vast majority of its crypto counterparts. However, the analyst cautions investors about potential corrections, which could see drops of up to 80% within this climb. The analysis wraps up with a robust validation from various technical indicators, presenting a conjunctive forecast through a visual amalgamation of red and blue arrows on the showcased chart.
At its core, the prediction delineates major resistance and key levels to watch, specifically highlighting $3 as a critical resistance level, bolstered by an inverse head-and-shoulders pattern, which could serve as the linchpin in affirming Fantom’s bullish trajectory. Presently, Fantom is trading at an encouraging $1.03, demonstrating resilience and upward momentum over larger time frames, marked by a significant 61% increase over the past month. Despite the required massive capital influx to achieve such an ambitious 18,000% climb—far exceeding its capital flow in 2021—the Fantom price trajectory is well-positioned for sustained growth, hinting at a promising future in tandem with the broader crypto market’s upswing, especially if predictions of an impending altcoin season materialize.
