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The post <a href="https://coinpedia.org/price-analysis/ftt-price-hints-30-jump-is-this-the-right-time-to-buy-ftx-token/">FTT Price Hints 30% Jump! Is This The Right Time To Buy FTX Token?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The FTX token continues to display a neutral trend, highlighting a weak price action in the cryptocurrency market for the coin. Further, the FTT price has gained approximately 5% within the past 24 hours but has recorded a correction of over 15% over the past week, indicating a mixed sentiment in the crypto space. 
The <a href="https://coinpedia.org/price-prediction/ftx-ftt-price-prediction/">FTT price</a> traded between $2.8934 and $3.1399 for a while, following which the market gained momentum and the price broke out of the range. However, the rally was short-lived as the price faced rejection at $3.4799, after which the token erased all its gains. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/DGaJjTsBcpZBR6xUTlBpuutltXMV936TGs7TnEXRNOV36S7MLtDoyWer5yHTdQBt5XVwJwm6RxOZQLJ9IKyVz4lenuT1TxxcbXSkTSbVcQV68VgPDmUP5E2t7XN_4XkFZsmY8IplVj-FBh9FpibsJ5A" alt="FTX Token Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: FTT/USDT
 </figcaption>
</figure> 
The price traded sideways for a short period, following which the FTX token faced another loss of over 15% in valuation. After this, the price traded sideways between $2.6578 and $2.8934 for over three days. The FTT price continued to trade under a bearish sentiment for a brief period. 
After multiple attempts, the bulls regained momentum and jumped approximately 43% in value. The price faced rejection at $3.4799, following which it traded in a consolidated range between $2.8934 and $3.1399 for over a week. 
As the bear gained power, the token displayed a breakdown it the chart. Since then, the price has been trading in a consolidated range between $2.4349 and $2.8934. 
<h2 class="wp-block-heading" id="h-will-ftx-price-regain-value">Will FTX Price Regain Value?</h2> 
The MACD displays a constant green histogram, indicating an increased buying-over-selling pressure in the market. Further, the averages show a constant rise, suggesting a bullish influence in the crypto space. 
If the bulls hold the price above the support level of $2.6578, the FTT price will regain momentum and test its resistance level of $2.8934. Maintaining the price at that level will set the stage for the FTX token to attempt to test its upper resistance level of $3.1399 this week. 
Conversely, if the market continues to lose value, the FTT price will fall to test its support level of $2.6578 soon. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $2.1988 in the coming days.

FTT Price Hints 30% Jump! Is This The Right Time To Buy FTX Token?

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