This week, we highlight two very important projects in the top 70 projects in the crypto world. It’s about Fantom and Chili’s.
Specifically, at the time of writing, Fantom (FTM) is trading up +34% on a weekly basis, at $0.3056.
On the other hand, Chiliz is up 30% over the week at $0.26.
Fantom (FTM) Price Forecast
Fantom (FTM) price is still trading +9% today and clearing the $0.3 resistance.
Of course, we are still far from the three-month highs recorded in mid-August 2022, but the cryptocurrency has been showing devastating growth for a few days already, after bouncing off the 0.22 support.
Now, expectations are for the continuation of the rises, which could also be achieved with intermediate resistances 0.32 and $0.345 being achieved.
In the price range between $0.35 and $0.4, we can rather expect an initial slowdown, capable of limiting the possibilities for new extensions.
A return to the above quarterly highs, above $0.4, would confirm a bullish view in the short term.
The above hypothesis could be betrayed by a decline below the current level of $0.3 and towards the intermediate supports at $0.28 and $0.265.
The larger declines could be the start of a trend reversal which, however, seems unreasonable to me in the current environment.