<h2 id="ftt-dropped-below-4-support-suggesting-a-possible-fall-below-2-75">FTT dropped below $4 support, suggesting a possible fall below $2.75.</h2>
<ul> 
 <li> According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link">Coingabbar Technical Analysis</a>, Bears took control of FTT's price, causing a red week and a crash at the $6.06 overhead resistance </li> 
 <li> <a href="https://www.coingabbar.com/en/crypto-currency/ftx-token-ftt-prices-usd" class="f-link">FTT </a> trapped bulls with a fakeout rally in a rising wedge pattern, breaking the streak of higher-low formations and increasing the likelihood of a prolonged correction for FTX. </li> 
 <li> A 37% downfall last week led to multiple bearish candles breaching below the $4 mark, indicating a sharp increase in selling pressure. </li> 
 <li> Breaking below the support trendline of the rising wedge, the fakeout gained momentum and breached the 50-day EMA. </li> 
 <li> According to Fibonacci retracement levels, the correction trades between 38.20% and 50%, with a demand dominant zone near the 50% level at $3.28, suggesting minimal chances of further correction. </li> 
 <li> However, increased selling could lead to a retest of the 61.80% level at $2.74 or even $1.97 at 78.60%. </li>
</ul>
KEY LEVELS : 
RESISTANCE LEVEL : $3.70-$4.10 
SUPPORT LEVEL : $3.00-$2.75 
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

FTT Price Drama Unfolds: FTX Rally's Encore or the Final Act

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