Sonic (FTM) Soars 30% in a Week! Can FTM Price Hit $1 Soon?
The sound price has risen by about 30% over the past 7 days, highlighting the increased buying pressure on altcoins in the cryptocurrency market. In addition, the Bulls will maintain their value above $0.60. This led to Altcoin’s positive rebound.
Will the Crypto Bulls keep optimistic sentiments to help Sonic cryptocurrency recover its $1? In this article, we reveal short-term market sentiment and possible voice price analysis at Coinpedia!
Sonic Price jumped about 30% in 7 days!
The price of Sonic tokens rose 10.38% in 24 hours, with trading volume of $248.612 billion. Additionally, it has soared 30.81% over the past seven days, indicating increased buying pressure. With a market value of US$1.73 billion, it has secured the 54th place in the market.
The Relative Strength Index (RSI) successfully retested its oversold range over the daily time frame. This causes it to exceed the neutral point and move towards its excessive range. As its average trendline records similar movements, sound prices may continue to gain value this week.
In addition, SMA indicators continue to become a support for sound price charts. This highlights the positive prospects for altcoins over the coming time.
Will Sonic (Prev.ftm) price recover the $1 mark?
If the market favors the Bulls, this could result in the FTM price towards its immediate resistance level of $0.6400. Additionally, if the Bulls keeps the price above that level, this could lay the foundation for it to take toward the upper heights of $0.8575 this month.
Conversely, if the bear surpasses the Bull, the price of the Sound Coin may retest its $0.4780 support level. Additionally, if bearish sentiment intensifies, this could lead to its critical support level of $0.3590.
Are you one of many trying to find answers to questions like “FTM can get up to $10”? Read the latest information about Coinpedia Fantasy price forecast The potential mysteries will not be discovered until 2030!
FAQ
Fanto has reportedly rebranded his brand as Sonic to change its market position. Sonic will launch new features in its ecosystem to increase community engagement and voting.
If bullish sentiment is maintained, Fantom prices may reach $3.72 This year.
When writing, the value of an FTM crypto token is $0.5911.
