The altcoin market has displayed a significant uptrend this week. Following this, the FTX price experienced a jump of ~10% in 24 hours with a trading volume of $86.913 million.
With a strong bullish breakout, will the FTT crypto price record a new 52-week this month? In this article, we have covered the short-term price prospects of the FTX token.
FTT Price Retests Its Important Resistance Level!
Amid the ongoing bullish sentiment, the FTT price has soared over 20% in seven days. Furthermore, with a monthly return of ~60%, this altcoin has secured the 105th position with a market cap of $1.078 billion.
The EMA 50/200-day displays a Golden Cross in the FTT price chart. This suggests a strong buying-over-selling pressure for the altcoin in the cryptocurrency space.
The Relative Strength Index (RSI) records a sharp rise toward the overbought range in the 1D time frame. Moreover, its average trendline is on the verge of displaying a bullish convergence, highlighting a bullish outlook.
Will FTT Price Rise Back Again?
If the bullish sentiment intensifies, this could result in the FTX price retesting its resistance level of $3.4650. Maintaining the price above that level could set the stage for this altcoin to head toward its upper resistance trendline of $4.1625.
Conversely, if a bearish trend reversal occurs, the FTT token could drop to its support at $2.8360. If the bears gain dominance, this could result in it brushing its low of $2.20.
Curious to find out answers to questions like Will FTX token reach $5? Read CoinPedia’s FTX Token Price Prediction.
FAQs
The circulating supply of FTX tokens is 328.89 million FTT tokens.
With a 24-hour surge of 8.78%, this altcoin is currently valued at $3.32 with a trading volume of $86.48 million.
The ATH of the FTX token is $85.02 and was recorded on 09th September 2021.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed