Fantom Price Prediction: Will FTM Coin test the $5 mark by end of 2022

What is Fantom Coin? Dr. Ahn Byung Ik, a South Korean computer scientist founded Fantom as a means to increase transaction speed and solve performance issues surrounding smart contracts. As of now, the ecosystem is proud to have a supportive community of users and developers, in-built Defi instruments, and a plethora of supported Dapps. The Fantom (FTM) token is the native incentive of the Fantom blockchain with a total token supply of up to 3,175 tokens. Current Fantom Price Action The Fantom coin price action is completing a cup with a handle pattern on the 2-day chart, At the moment, the pattern is approaching the upper end of the handle with buyers working against the clock to retest $1.3434. The Moving Average Convergence Divergence (MACD) is indicating a bullish momentum on the 1-day chart, with bars on the green zone. Fantom’s overall price action is bearish as shown by 11 major indicators pointing to the seller’s zone. However, 4 out of the 26 major indicators are showing a buy signal. Fantom price action saw an upward momentum over the last weeks following a price consolidation between $1.1 – $1.2. The price of the altcoin formed support at the $1 mark, after achieving further upsides in February. A strong uptrend took place on Friday, after an initial spike to $1.287. Initially, Fantom found rejection, which resulted in a downtrend to the $1.17 region. However, approaching the opening of this week, the buyers were ab...