Forecast $FTM As of the time of writing this analysis, FTM is trading at $0.6812, having risen by 5.2% in the last 24 hours. On the daily chart, we can see that the altcoin is approaching the supply area at $0.73.

Historical data shows that Fantom usually quickly rolls back after reaching this mark. For example, on May 10, the token reached $0.73, but soon fell back to $0.64. A similar event was recorded on June 8, when FTM rolled back immediately after reaching this level.

If history repeats itself this time, the cryptocurrency will be at risk of falling to $0.60. In the most bearish scenario, FTM risks collapsing to $0.52. However, the bulls may change this forecast. If they push Fantom above the resistance at $0.73, then the cryptocurrency will have a chance to rise to $0.80. If events develop favourably, a rise to the psychologically important $1 mark is even possible. $BTC $HMSTR