The post Fantom(FTM) and Harmony(ONE) May Surge 10% In Coming Days! Analyst Maps the Next Levels ￼ appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Even as the Russia-Ukraine war goes on, the market continues to see volatility. After a relief rally yesterday, the market has bogged down again correcting the gains. Bitcoin trades down by 5.6% at $41,447 and ETH trades below $2.8K. Most other altcoins too are in a downtrend.
Cantering Clark, a seasoned crypto trader, believes Fantom (FTM) and another Ethereum competitor are poised to rally as the digital asset markets continue to show signs of life.
The broader cryptocurrency market has been performing well over the past week. Fantom (FTM) is among the tokens making significant gains. At the time of writing, FTM is trading at $1.81 down by 7.3% in the last 24 hours. If the altcoin’s downturn continues it will test the lower support at $1.78. Further dips below $1.50 are also possible if the short-term traders that bought during the Wednesday uptrend decide to sell.
On the upside, If bulls show signs of continuation the token could soon test new highs. The $2 resistance level will be tested once again. If FTM pushes past $2, the next target will be $2.30.
In the Case of the FTM/BTC Trading pair, the pseudonymous analyst believes this trading pair is pushing its way through a resistance level around 0.000045 ($2.00) and is primed for another leg higher.
At the time of writing, ONE is trading at $0.147 down by 8.1% in the last 24 hours. It has traded in the range of $0.146 – $0.161. Harmony price is currently below support. With support set around $0.1498235072247 and resistance at $0.164818471228263, the altcoin is potentially in the volatile territory as selling pushes the crypto’s price below recent support.
Harmony (ONE), a Layer-2 protocol for constructing cost-effective decentralized apps (DApps), could be following FTM’s recent uptick, according to Cantering Clark. The trader makes a comparison between the two USDT charts. He believes that ONE token is ticking all the boxes for what we want to see in a bullish altcoin.
At the time of writing, ONE is trading at $0.147 down by 8.1% in the last 24 hours. It has traded in the range of $0.146 – $0.161. The resistance on the upside is at $0.1 and the support is at $0.16.
Written by: Nidhi Kolhapur