Fantom (FTM) is currently experiencing a bearish market trend, with a -3.52% decrease against the US Dollar and a -3.52% loss against Bitcoin. The cryptocurrency has underperformed the overall market, as the total crypto market cap decreased by -1.89% in the same time period. Over the last 30 days, Fantom has dropped -16.39%, and its 1-year price change is -38.55%.

According to our Fantom price prediction, FTM is expected to reach $0.280761 by Aug 13, 2023, representing a 21.00% price increase in the next 5 days. However, the sentiment in the Fantom market is currently bearish, with 96% of indicators favoring a negative prediction. The Fear & Greed index is reading Neutral, signaling that investors have a neutral outlook on the market.

Technical indicators suggest that FTM is trading above its 50-day and 200-day Simple Moving Averages, signaling bullish market conditions. However, the overall forecast for Fantom remains bearish, and it will be crucial to monitor market sentiment, key support and resistance levels, and other metrics moving forward.