The cryptocurrency market has been experiencing a downturn, but analysts are predicting a potential price rally for Fantom (FTM) once the market recovers. Bitcoin Ape and Altcoin Sherpa, prominent crypto analysts, share similar sentiments, forecasting a possible increase to $1.2. According to Bitcoin Ape, this surge will be triggered by a market recovery, led by Bitcoin, and fueled by Fantom's recent developments, including its pivot to Sonic.

Fantom's chart shows a falling wedge pattern, indicating an imminent price rally. The analyst also highlights Fantom's significant updates, such as the launch of Sonic Labs and the over $100 million airdrop of Sonic's native token, $S. These developments could attract developers and users to Fantom's ecosystem, driving growth. However, Bitcoin Ape predicts short-term volatility due to Fantom's oversold condition, which will eventually lead to a breakout.

Ijaz Awan, another crypto analyst, predicts a potential drop to $0.45 before Fantom's next leg up. He attributes Fantom's struggles to Bitcoin's weakness, which is dragging altcoins down. Awan expects a period of consolidation between $0.45 and $0.55 before Fantom's next move up.

While the crypto market remains unpredictable, analysts agree that Fantom's fundamentals are strong, driven by its integration with Sonic and ongoing updates. As the market recovers, Fantom is poised for a potential price rally, making it an attractive option for investors seeking opportunities in the crypto space.