Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Is Fantom headed for a breakthrough? A 234% rally is just around the corner
ALTCOIN NEWS

Is Fantom headed for a breakthrough? A 234% rally is just around the corner

By Crypto FlexsAugust 12, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is Fantom headed for a breakthrough? A 234% rally is just around the corner
Share
Facebook Twitter LinkedIn Pinterest Email
  • Fantom could potentially experience a 234% price increase due to a hidden bullish divergence.
  • Jayvon Marks predicted that the FTM price could soar to $3, which could trigger a significant uptrend.

Fantom (FTM) has experienced less returns this year than other major altcoins. While altcoins like Solana and Toncoin have surged by over 100%, FTM has only gained 40% since the start of the year.

Recently, FTM has faced downward pressure, falling 5.7% over the past day to a current price of $0.3393. Despite this short-term downturn, the asset has performed strongly over the past week, rising more than 15% and briefly surpassing $0.36 on Sunday, August 11.

A 234% rally is just around the corner

Jayvon Marks, an analyst in the cryptocurrency community, highlighted a promising scenario for FTM.

According to Marks, the Phantom is showing signs of a hidden bullish divergence on the chart, which is often a technical signal associated with a potential price uptrend.

This pattern propose Despite the recent price decline, the fundamental momentum may be heading towards a significant uptrend.

A hidden bullish divergence occurs when the price makes a higher low while the oscillator makes a lower low. This discrepancy between price action and momentum often indicates a persistent bullish sentiment that can lead to significant price increases.

Marks speculates that this setup could see FTM rally up to 234%. Such a rally would not only reverse recent losses but also push the cryptocurrency to new highs, potentially reaching $3.

This bullish outlook has been further reinforced by Fantom’s recent price action, which has shown volatility that could potentially lead to a recovery. Marks noted that similar pullbacks have also heralded significant rallies in the past.

Source: Javon Marks

Source: Javon Marks of X

Marks explained in the post:

“Fantom’s recent confirmation of a hidden bullish divergence is consistent with previous patterns that precede major price recoveries, although they are followed by a reversal.”

This pattern suggests a potential surge towards the long-term target of $3.0053, which is a key breakout level for FTM.

Fantom(FTM) Basic Outlook

Although technical analysis suggests a bullish trend, it is important to consider the underlying fundamentals of FTM.

Number of large transactions (Whale Trading), volume, which can be an indicator of smart money movement, has fallen noticeably from more than 20 last week to just six this week.

Source: IntoTheBlockSource: IntoTheBlock

Source: IntoTheBlock

A decline in whale activity could signal a temporary slump in investor confidence or a consolidation phase ahead of a potential rally.

Additionally, FTM’s open interest, which represents the total number of outstanding derivatives contracts, including unsettled futures, also showed various trends.

Fantom (FTM) Open InterestFantom (FTM) Open Interest

Source: Coinglass


Realistic or not, FTM’s market cap in terms of SOL is as follows:


There was a 9.2% decrease Open interestOpen interest volume surged by 47.59%, suggesting that leveraged positions are cooling off.

Such increases may indicate new money entering the market in anticipation of future price increases.

Next: Chainlink Adoption Surge: A Look at the Impact on LINK

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025
Add A Comment

Comments are closed.

Recent Posts

GrayScale XRP ETF GETS sec NOD: XRP price prediction and market impact

July 8, 2025

Distribute Crypto Media Release That Get Attention

July 8, 2025

GUNZ Announces $GUN Token Expansion To Solana

July 7, 2025

NEXST Launches Web3 VR Entertainment Platform With K-Pop Group UNIS As First Global Partner

July 7, 2025

Elon Musk announces that his “American Party” will accept Bitcoin and criticizes Trump’s financial bill.

July 7, 2025

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Price Prediction Strategies – How Traders Forecast The Market

July 6, 2025

Causes, History, And How To Survive

July 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

GrayScale XRP ETF GETS sec NOD: XRP price prediction and market impact

July 8, 2025

Distribute Crypto Media Release That Get Attention

July 8, 2025

GUNZ Announces $GUN Token Expansion To Solana

July 7, 2025
Most Popular

Blade & Fangs slot makes horror look like a Disney movie!

January 8, 2024

Solana, Milei Moneda and Terra Classic trends

March 12, 2024

EarnBet.io has processed $1 billion in bets and distributed millions of dollars in user rewards and rakeback.

February 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.