InstaForex

August 30, 2021

In Silence, Phantom (FTM) Reaches The Moon!

 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.