Fantom (FTM) Price Prediction 2022: More Upside Coming

The Fantom price has surged 10% in the last 24 hours to trade at $0.3982 as of 3:25 a.m. EST on a 59% surge in trading volume to $274 million.

The Fantom price has surged 10% in the last 24 hours to trade at $0.3982 as of 3:25 a.m. EST on a 59% surge in trading volume to $274 million.

This surge has positioned FTM as the top gainer among the top 100 coins, according to CoinMarketCap.

The Fantom bulls have initiated a rebound within the bearish channel pattern after a prolonged downturn that has since hitting the resistance at $0.9514, seeing the profits of the bulls wiped out. However, the support zone at $ has provided the Bulls another chance to regroup and increase the price.

The bulls’ resilience could drive the price above the bearish channel to new highs in the coming weeks. However, the simple moving averages (SMAs) pose a challenge. The 50-day SMA is just above the price, while the 200-day SMA is slightly further away. A breakout above the 50-day SMA could confirm the expected bull rally, with further validation if the price surpasses the 200-day SMA. Increased momentum could push the price above the bearish pattern, allowing the bulls to drive it higher.

Moreover, the strong support level has also caused a rebound of the Relative Strength Index (RSI), which indicates a reversal on the 30 oversold levels flying to the 50 midline level, indicating intense bullying pressure for the Fantom price. This means that if the bulls are resilient in pushing the price up, the RSI could surge further into the overbought region of 70.

Additionally, the Moving Average Divergence Convergence (MACD) is strongly rising from the ashes below the neutral level. The average blue line has also crossed above the orange signal line, indicating that the buying pressure may become intense in the upcoming days. The green histogram bars are also increasing and trading above the neutral position, signalling the bull rally ahead.

The bulls are determined to recover their losses as the price continues climbing towards the bearish channel’s upper boundary. This means that the more buying pressure there is, the closer the breakout will be, helping the bulls to fly the price to a new high of $0.7155 this month. With increased momentum and volatility, Bulls could drive the price to reclaim the $1.25 high in the upcoming weeks.

However, there is a higher possibility that the 50-day SMA might be resilient enough to allow the bears to drive the price to trade within the bearish momentum. Such a scenario would cause the bulls to look to the $0.2402 as a safe landing zone.

As the bullish saga continues for the Fantom price, more investors flock to this classic 90s Tamagotchi token, the Playdoge (PLAY), which has raised over $6 million in funds in its presale.

This has caught the attention of analysts, including popular YouTuber ClayBro, who is excited about PlayDoge’s meme coin nature and its inclusion of tokenization, predicting huge gains upon its launch.

In the 90s, the Tamagotchi devices were a huge success, selling tens of millions of units worldwide. However, gameplay was limited, often resulting in the digital pets eventually dying and forcing players to restart the game.

PlayDoge seeks to revive this classic with a 21st-century twist. The updated version will allow players to earn cryptocurrency rewards simply by caring for their virtual pets and ensuring they get enough food, love, and sleep. The game will also be mobile-friendly, enabling players to enjoy it on their smartphones.

PlayDoge also offers a 76% annual yield to buyers who stake the token. After buying, the tokens are locked up via the staking page on the website to unlock the high staking rewards.

You can join the project early by purchasing the token using the buy widget on the project’s website with ETH, BNB, USDT, or a bank card. However, you need to hurry because the price of PLAY is set to rise in just over 3 hours.

Buy PLAY here to unlock the deal before the price increases

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