The price of Fantom (FTM) shows strength and could be set for a major run against Tether (USDT) with eyes set on $0.7. Related Reading: Latest Report Shows Ethereum Whales Buy 312 Billion SHIB During Crypto Winter Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market. As a consequence, the price of Fantom was able to try and break out of its range. The consumer price Index provides a gauge with regard to inflation in the economy while instigating BTC prices and other altcoins. (Data feeds from Binance) Price Analysis Of FTM On The Weekly Chart From the chart, the price of FTM saw a weekly low of around $0.2, which bounced from that area and rallied to a price of $0.4. The price has built more momentum as it faces resistance at $0.4. If the price of FTM on the weekly chart continues with this bullish structure, it could quickly revisit $0.7. Weekly resistance for the price of FTM – $0.4. Weekly support for the price of FTM – $0.2. Price Analysis Of FTM On The Daily (1D) Chart The price of FTM found strong support at around $0.2, with what seems to be an area of interest on the daily chart. FTM bounced from its support and rallied as it faces resistance to break above a ranging channel and has continued to move in range. At the time of writing, the price of FTM is at $0.39, above the 50 expo...
