Fantom price analysis: FTM remains range-bound at $0.230. Break above incoming?

The recent Fantom price analysis confirms a bullish trend for the cryptocurrency, intensifying the buying momentum. A green candlestick is marking the price chart, indicating a rise in the coin value.

Timeline of Fantom

Fantom [FTM], an EVM-compatible smart contract blockchain platform, had created multiple headlines going into 2022. In fact, of all the L1s, Fantom has had the most dramatic activity in Q1 2022.

FTM, the native coin of the Fantom Foundation, saw a hike in its social metrics last week. According to data from Lunarcrush, the alt grew its Galaxy Score to a high of 74 out of 100, which was an indication of a perceived bullishness in the coin's social and market activity.

Any cryptocurrency or NFT project's success is dependent on several variables. The usefulness and community focus of a project, however, is one of the reasons Blockchain fans support it. That is undoubtedly the reason why a large number of crypto enthusiasts are still drawn to and enthralled by cryptocurrencies in particular.

The introduction of cryptocurrencies signaled a new age in financial transactions, opening the way for the creation of remarkable alternatives to existing financial systems. With new cryptocurrency projects hitting the crypto market on a regular basis, investors have a wide range of options to select from.

Fantom [FTM] has been seeing a resurgence on the charts of late, with its social metrics registering a sharp hike. This growth has not gone unnoticed, as per a recent LunarCrush tweet.

With the help of the Flasko (FLSK) protocol, cryptocurrency investors can generate passive income by  purchasing and holding tokens (yield farming as a service). The platform claims to close the investing gap between conventional and cryptocurrency. Pre-sale for Flasko (FLSK) has begun.

Uniglo is currently in presale and has the potential to make early investors millionaires like the Solana and Fantom ICOs. The platform is designed to be highly profitable, with a focus on investing in established blockchain projects that have the potential to generate large returns.

Fantom (FTM) has been moving on a brisk bullish pace at a particular range for four months now following a sharp descent in May. FTM price is up 2.21% Token moving bullish but has slipped mid-range in the past couple of days Bears poised to dominate, buying spree not advisable at this point However, it seems the price has abated and moved below the range's mid-point as seen in the past couple of days.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. Fantom has traded within a range since the sharp drop in early May.

When everyone else is scared, that's the best time to become greedy. Up until this point in 2022, the streets have seen a significant amount of bloodshed. Most alternative currencies' prices have fallen between 75% and 90% from their peaks at the end of 2021.