Fantom appears to gain massively as the overall crypto market sees bullish waves. FTM managed to rise by double-digit since yesterday. The crypto has registered steady rises over the last month, attaining record monthly highs. Though FTM has not touched its ATH, extended broader market bullishness will support the alt’s ascent. While writing this article, Fantom stands at $0.84 after gaining by 14.9% in one day.
Fantom has posted impressive gains over the last week. For now, the alternative token targets to explore the price levels above its ATH mark. FTM will achieve its rising goals if the crypto market sustains its bullish outlook.
Meanwhile, enough bulls’ efforts will push Fantom to break the resistance at $0.86 to $0.88. Buyers will have to maximize their activities after FTM clears these price levels. Only by that will the crypto rally to $0.90 and above.
For now, Fantom has its ATH at $0.94. The token requires a 12% surge from its current level to create a new record high. Remember, the crypto tried to register such moves but faced rejections at $0.93. However, the positivity in the crypto space might see the coin achieving its rallying objectives.
Meanwhile, weak broader market support might witness Fantom dipping to lower price levels. Also, increased selling pressure can force the crypto downward. Ugly market sentiments will see FTM heading lower towards the support area at $0.82. However, the token can use this price barrier to propel higher.
DeFi has played a role in the FTM’s upswings. Recently, the project launched an incentive program to reward DeFi developers using the network. To support its decentralized finance users, Fantom has more than 370 million FTM tokens for the developers.
Where to Buy Fantom
If you are interested in buying FTM due to the current surge, you can create a trading account with these platforms.
eToro is a reputable exchange that supports many digital assets. If you want a platform to help you expand your investment portfolio, you can try what this exchange has.
You can use OKEx to buy your FTM coins. The exchange boasts low trading charged and user-friendly trading features.
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