Fantom (FTM) Price Prediction: Key Factors Influencing Upcoming Performance
Friday, 22 March 2024, 18:30
Fantom (FTM) Price Prediction: Can This Bullish Pattern Prevent a 31% Fall?
Fantom price is forming a bullish pattern that could see FTM rising by 102%. But broader market cues could send it falling by 31%.
Crypto Market Bearish Cues Weigh Heavy on Fantom Price
Fantom price has maintained its presence above the $1 mark since the beginning of this week. Considering the historical movement, it seems like the altcoin will likely continue this rally, but broader market cues suggest the opposite.
- The surge in deposits on the network is a concerning development among FTM holders.
- High correlations with Bitcoin at 0.86 could dictate the altcoin's direction.
FTM Price Prediction: What Lies Ahead?
If the bearish cues bear an impact on the cryptocurrency, the Fantom price could see a 31% correction going ahead.
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