Token

FTX Token

Daily

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<ul class="news-points"> 
 <li>FTX Token (FTT) plummeted more than 16% over the past 24 hours to trade at $4.31.</li> 
 <li>A bullish ascending triangle formed on FTT’s daily chart, which could lead to FTT flipping the $5 resistance level.</li> 
 <li>Technical indicators suggested that FTT has reached a peak and may drop in the next 24-48 hours.</li> 
</ul> 
<a href="https://coinedition.com/ftx-token-ftt-price-prediction/">FTX Token (FTT)</a> suffered a major blow over the past day of trading. At press time, the cryptocurrency market tracking website <a href="https://coinmarketcap.com/currencies/ftx-token/" target="_blank" rel="nofollow">CoinMarketCap</a> indicated that the altcoin plummeted more than 16%. This dragged the altcoin’s price down to $4.31. 
The altcoin also recorded a decrease in its 24-hour trading volume. CoinMarketCap data showed that FTT’s volume was down 19.59% – bringing it to $227.843 million.&nbsp; 
FTT was, however, able to reach a high of $5.17 during the last trading session. Since then, it has undergone a strong correction to trade at its current level. Consequently, the cryptocurrency was trading closer to its daily low of $4.25. 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/AGuRaZGVqVqV84gMAyi3n2Zrsr4dEEdCI2UDagyzyOKEQJH45hp2z5O4aRO3DA__Art28xGnUgzQcUBveJDTERbijvG6AKmGddMDmFr1rJZSQIQw_J4OrCCC2bUfRlqjpD7qmgUtoSwjfcaBaWoFus0" alt="" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 Daily chart for FTT/USDT (Source: <a href="https://www.tradingview.com/x/ifmxoTo5/" target="_blank" rel="nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
An ascending triangle has emerged on the daily chart for FTT/USDT. This is generally seen as a bullish chart pattern and suggests that the altcoin’s price may soon flip the $5…
The post <a href="https://coinedition.com/ftts-struggle-to-break-above-5-signals-potential-market-top/">FTT’s Struggle to Break Above $5 Signals Potential Market Top</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

FTT’s Struggle to Break Above $5 Signals Potential Market Top

Coin Edition

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