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<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
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</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?

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