Fantom (FTM) is experiencing a strong upward move. The token climbed roughly 72% over the past seven days, far surpassing earlier analyst targets near $2. At the time of writing, FTM traded at $2.33, and several indicators suggest further upside potential. Below are key points to consider:
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Over the past seven days, Fantom (FTM) is the second-best performer among the top 40 cryptocurrencies by market capitalization, trailing only NEAR Protocol, which rose nearly 80%.
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Fantom has also seen a notable increase in Total Value Locked (TVL) this week, placing it just behind Terra (LUNA) in TVL growth.
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The current bullish trend appears to have room to run and may extend further before year-end, provided market conditions remain supportive.
Data source: TradingView
Fantom (FTM) – Price action and analysis
At press time, FTM was trading at $2.33, up about 1.3% on the day and nearly 73% over the past week. The token has significantly outperformed the broader market and is ahead of competitors such as Solana (SOL) and Avalanche (AVAX), which also posted double-digit gains during the same period.
Price action shows FTM has moved above key moving averages, clearing the 50-, 100-, and 200-day moving averages. Earlier resistance near the 200-day moving average—around $2.04—was expected to slow gains, but recent trading indicates that FTM may maintain levels above that mark if momentum continues.
Should you buy Fantom (FTM)?
Examining TVL trends over the past week highlights growing on-chain activity for Fantom, supporting the case for continued adoption. While FTM would still need to materially increase its TVL to match platforms like Solana or Terra, its recent performance and underlying fundamentals point to promising long-term potential. For investors considering entry, a cautious approach may be prudent: waiting for a short-term pullback or consolidation could offer a better risk-reward entry than buying at the current intra-week highs.