Future

Verge

<p>The post <a href="https://coinpedia.org/price-analysis/ftt-price-hints-a-breakdown-whats-the-future-of-ftx-token/" rel="noopener noreferrer nofollow">FTT Price Hints A Breakdown! What’s The Future Of FTX Token?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Despite a bearish wave in the cryptocurrency industry, with top tokens constantly displaying a neutral trend, the FTT price displayed a positive price action by adding 7.54% to its portfolio within the past 24 hours, making it one of the top gainers of the day in the market.</p>
<p>However, the FTX token continues to display a bearish influence in the 1D time frame, highlighting a strong bearish price sentiment for the altcoin from the long-term investment perspective.</p>
<h2 class="wp-block-heading" id="h-ftx-price-on-the-verge-of-a-bearish-reversal">FTX Price On The Verge Of A Bearish Reversal!</h2>
<p>After recording a strong recovery during Q4 2023 by adding 442.63% in valuation, the <a href="https://coinpedia.org/price-prediction/ftx-ftt-price-prediction/" rel="noopener noreferrer nofollow">FTX price</a> lost momentum during the final days of the year, resulting in the price of FTT tokens starting this year on a bearish note. The altcoin broke down its support level and has been displaying a neutral trend since then.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/oYYWmdIworikk6yC4S4F6K6HJsB42kn6_DpSh0Zi56BEKK9ikQw_sXb61Q1rdNMEvveq7YJaHbTiWq_Ooxb-xmt6s1QUhXWy7ER2twqZqbfA5T83fC6xKcShpKDlumKSHlIFzAmHap69rkbrRV-M77k" alt="FTX Token Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: FTT/USDT
 </figcaption>
</figure>
<p>The FTT coin price has displayed a strong bullish price action by adding approximately 7.5% in valuation within 24 hours. Further, this token has added 4.675% over the past week but has recorded a loss of 44.45% since the year started, indicating a bearish sentiment in the market.</p>
<p>The Relative Strength Index (RSI) displays a bearish curve in the chart, highlighting increased selling pressure in the crypto market. Moreover, the averages show a high possibility of a bearish convergence, suggesting a negative price action for the altcoin this week.</p>
<h2 class="wp-block-heading" id="h-will-ftx-recover">Will FTX Recover?</h2>
<p>If the bulls regain momentum, the FTT price will prepare to test its resistance level of $2.2675 soon. Moreover, if the bulls continue to gain momentum, the price will continue rising and prepare to test its upper resistance level of $3.160 this month.</p>
<p>However, if the bulls fail to regain momentum, the FTX price will fall to test its support level of $1.545. Moreover, if the bears continue to hold power over the bulls, the price will plunge and prepare to test its crucial support level of $1.120 during the upcoming weeks.</p>

FTT Price Hints A Breakdown! What’s The Future Of FTX Token?

Inhaltsverzeichnis

CoinPedia News

Weitere Artikel, die am 12. Apr. 2024 veröffentlicht wurden

Crypto Hacker Shakeeb Sentenced in First-Ever Smart Contract Hacking Conviction

Pups (Ordinals) Price Prediction: Bitcoin Meme Coin PUPS Vaults Into Top 10 With 1,916% Pump As T...

Are brands Coping Up in Their Retail Operations with Increasing Consumer AI Adoption?

Trending Cryptocurrency Tokens on Avalanche Chain Today – Nitro Network, Dypius, Unix Gaming

Public Bitcoin Miners Ramp Up Reserves as Halving Nears

Yuga Labs Sends Royalties to FTX US Amid Bankruptcy

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!