Token

FTX Token

Coin

<ul class="news-points"> 
 <li>Demand for FTT increased after the U.S. DOJ sanctioned Binance, leading to a 30-day high. </li> 
 <li>With strong support at $2.94, FTT may retest $4.76 if sellers halt profit-taking.</li> 
 <li>The 9 EMA needs to crossover the 20 EMA to confirm the short-term uptrend.</li> 
</ul> 
The value of <a href="https://coinedition.com/ftt-outperforms-major-altcoins-despite-market-slowdown-santiment/">FTX Token (FTT)</a> has increased by 276% in the last seven days, according to data from CoinMarketCap. The price increase could be linked to the widespread jump in altcoin value since October. However, demand for FTT increased again around November 21, as indicated by the FTT/USD 2-hour timeframe. 
<h2 class="wp-block-heading" id="h-riding-on-binance-challenges">Riding on Binance Challenges</h2> 
The increase in demand was fueled by U.S. DOJ sanctions on Binance. One reason why FTT positively reacted to the development around Binance was because the CZ formerly led-exchange had a hand in its 2022 collapse as FTX was Binance’s fiercest competitor at that time.&nbsp; 
Like the FTX crash period, Binance has recently experienced a surge in <a href="https://coinedition.com/binances-massive-outflow-resulted-in-the-suspension-of-withdrawal/">outflows</a> as Coin Edition previously reported. 
On 21 November, buying pressure appeared at $2.94, and this region was able to act as support for FTT. As demand for the token increased,…
The post <a href="https://coinedition.com/ftx-token-ftt-surges-276-is-another-upward-move-brewing/">FTX Token (FTT) Surges 276%: Is Another Upward Move Brewing?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

FTX Token (FTT) Surges 276%: Is Another Upward Move Brewing?

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