Fantom (FTM) Price Prediction: Altcoin Sherpa and Bitcoin Ape Envisage a Bullish Future, Targeting $1.2

Renowned crypto analyst, Altcoin Sherpa spins a bullish tale for Fantom (FTM), intimating that a significant rally on the high side of the crypto token market

Renowned crypto analyst, Altcoin Sherpa, is bullish on Fantom (FTM), suggesting that a rally might be brewing on the higher side of the crypto token market. Here’s a quick look at his analysis and projections for FTM.

Chart projections shared by Altcoin Sherpa indicate a possible peak for Fantom at an impressive high of $1.2 later down the line. Observing closely, the crypto token is currently establishing its footing at a primary level. For an interim period, the analyst anticipates a chop range formation for Fantom, locked between $0.50 and $0.70. This range could potentially serve as the springboard when the surge manifests.

Altcoin Sherpa is optimistic about Fantom’s future trajectory, expressing his belief that FTM will maintain its solidity as a worthy project. This buoyancy is fueled, in part, by Fantom’s transition to Sonic, which was highlighted by the Fantom Foundation in May. Sonic is an innovative layer-1 blockchain that is anchored by a layer-2 network and interfacing with Ethereum.

On a similar note, another crypto analyst, Bitcoin Ape, also foresees an upward flight for Fantom, aligning with Altcoin Sherpa’s predictions about the token’s rise to $1.2. His anticipation hinges on a future market recovery, which will be spearheaded by Bitcoin. To elaborate on his stance, Bitcoin Ape points at the falling wedge pattern etched on Fantom’s chart, suggesting that a price rally might be imminent.

The analyst also highlights Fantom’s shift to Sonic as a stimulus for the crypto token’s future rise. Drawing attention to some of Fantom’s recent overhauling movements, which include the introduction of Sonic Labs and an impressive over $100 million airdrop of $S, Sonic’s native token, he believes that these updates could attract developers and users into Fantom’s ecosystem.

However, Bitcoin Ape anticipates a spike in Fantom’s volatility, which is a consequence of its sold-out state. According to him, once this sell-out phase is complete, it will trigger the token’s upward breakout.

In contrast to the bullish outlooks, another crypto analyst, Ijaz Awan, predicts a temporary slip for Fantom to approximately $0.45 before it continues its upward momentum. His prediction is based on the current sluggishness of Bitcoin, which seems to pull down other altcoins including FTM.

This factor, causing a hampered momentum for Fantom, could lead to its consolidation phase between $0.45 and $0.55 before it prepares for a rise. He advises caution, suggesting that a plunge beneath this band could compromise the structural stability of Fantom and precipitate a steeper fall in its price.

At the last glance, Fantom is trading at around $0.54 with a 3% slide in the last 24 hours, as per the latest data from CoinMarketCap.

In its current state, with the FTM price nestling comfortably above $0.5 on the Tradingview.com chart, the winds seem favorable for Fantom’s embarking on the upward course prophesied by the enthusiastic analysts

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