FTT Token Price Prediction: FTX Exchange Token (FTT) Bulls Must Hold this Line to Start a Strong Bull Uptrend
- FTT token price Is up over 30% from its low in June
- FTT Price has respected an ascending channel for nearly 3 weeks
- FTT Token must break & hold its mid term trend to be set free
FTT Token Price Overview
FTT token had an amazing run the last year as it rose over 2000% off its low. FTT token fell victim to the trend of the market and has fallen over -50% off its ATH. FTX crypto exchange is becoming a widespread name as it nears the top 3 cryptocurrency trading volume in the world. The strong correlation with FTT token & FTX exchange has likely held prices higher as there is utility involved with FTT, similar to BNB & Binance. FTT token has shown more strength than many alt coins which has investors peaking an eye on a potential stronger revival.
FTX has been stuck within an ascending channel the last 3 weeks as traders fight for a strong breakout to either side. In the past week, FTT token price experienced a rejection at major resistance zone of $30.55-$31.95.
Based on our FTT token price prediction, price must break & hold this mark to be set free for a shot to its first target of $34. Along with this resistance zone lies a mid term trend line (shown in black). FTT Price must also break and hold this line for bulls to have a chance to start a stronger bull trend.
FTT Token Price Prediction: FTT/USDT 4 Hour Chart
Read More: U.K’s Financial Watchdog FCA Asks Binance to Immediately Stop All Operations In Britain
At the time of writing, the 200MA has held the FTT token price from further downside. This moving average is also met with the bottom trend line of the 3 week ascending channel. If bears manage to take back control of FTT token and break these two marks, FTT price will have a drop to major support of $26.95. This would also break the 3 week trend line which would be a bearish scenario for FTT price as it will likely experience further downfalls.
While looking at the Stochastic RSI we can see strength has been coiling within the oversold territory. This may result in a large spike back above the 20 value which will likely send FTT price back near $30. The regular RSI also is showing a slight bullish bias as it has formed a bullish divergence. A break above the 50 value on the strength would be the best scenario for FTT token price.
FTT Price Intraday levels
- Spot rate: $28.96
- Trend: Bullish
- Volatility: Medium
- Support: $28
- Resistance: $29.59
- CZ Endorses Hyperliquid Rival Aster DEX, Token Rallies 1,500%
- Tom Lee’s BitMine Adds $84M in ETH as Expert Predicts Ethereum Rally to $5K
- Grayscale’s Crypto Index Fund Sees ‘Solid Start’ as SOL, XRP Institutional Demand Climbs
- Senate Democrats Urge Republicans for ‘True Collaboration’ to Quickly Pass CLARITY Act
- Crypto Market Correction Intensifies As S&P 500, DXY Enter Dangerous Territory
- Dogecoin Price Prediction: Grayscale ETF Move Aligns With Cycle Breakout
- Chainlink Price Prediction: Whales Scoop 2M LINK as Analysts Eye 184% Breakout Rally
- Shiba Inu (SHIB) Price Prediction: Massive SHIB Burn and 80-Week Cycle Mirroring Past Rallies: Will History Repeat?
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
