Phantom, provides decentralized financial services (DeFi) to developers using its own consensus algorithm.
The phantom grew day by day, producing a 233% jump reaching the $ 0.75 price level in the August trading session.
Various projects launched recently, Fantom has also collaborated with leading blockchain projects such as Chainlink, Raviton, and Protocol Band.
Phantom now has a market capitalization of over $ 1.7 billion with a trading volume of over $ 505 million in 24 hours.
Meanwhile, examine the current movement chart of the FTM/USDT price.
When the FTM analysis article was released by INTRADAY last June, FTM was trading around $ 0.25, consistently FTM has produced over 400% jumps.
Ahead of the market close in August, FTM prices are seen to remain steadily witnessing a drastic surge.
From a technical point of view, FTM is seen to be showing bullish movement and is testing the $ 0.75 resistance zone.
If the FTM price movement continues with the bullish trend, it is likely to break the $ 0.75 resistance zone and continue to make the latest highs in a row.
However, if the FTM price returns to show a bearish pattern, the price is seen to test the RBS (resistance become support) zone of $ 0.55 before heading to a lower level.
At the time of writing, FTM is trading at the $ 0.72 price level jumping over 37% in the last 24 hours. Coins are currently ranked 68th in the crypto market.
