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FTM Price Prediction - Technical Analysis

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www.altcoinbuzz.io 18 January 2022 16:10, UTC
  
Reading time: ~2 m

Fantom intends to distinguish itself from the traditional block ledger-based storage infrastructure by attempting to employ an improved version of existing DAG-based pro-tocols. 

The FANTOM platform adopts a new protocol known as the “Lachesis Protocol” to maintain consensus. This protocol is intended to be integrated into the Fantom OPERA Chain. The aim is to allow applications built on top of the FANTOM OPERA Chain to enjoy instant transactions and near zero transaction costs for all users. The 24 hour trading volume for FTM was $1,522,959,787 and its market cap is $7,327,983,811. Let us review FTM Price.

FTM Price Prediction

FTM is likely to revisit the support zone at $2.65. If the support at $2.65 holds, we could start seeing a move towards $2.87, $3.09 and $3.31. If the resistance at $3.31 breaks, we could see a move towards $3.63, $4.03 and $5.18. Failure to hold the support at $2.65 could lead to a drop towards $2.33, $2.15 and $1.98.

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