- FTX coin price is currently in an uptrend and can soon see a breakout above $100 . It is trading with a gain of more than 3.74%
- Technical indicators for the FTX coin price suggest a strong upside momentum for future . In contrast, FTT/BTC pair is trading with a gain of 0.09%
FTT coin is currently ranked 33rd in the cryptoverse and has a market dominance of more than 0.23%. FTX coin has seen a drop of more than 18% from its all time high. The volume to market capitalization ratio of the FTX coin suggest a strong upside momentum.
Why Invest In FTT Crypto?
FTT crypto price is currently seeing an upside momentum and can soon see a new high in the future . FTX token price is currently trading near the value of $50 and has seen a gain of more than 2% in the past 24 hours. The coin is the native cryptocurrency of the crypto derivatives trading platform FTX, and the project came into existence in 2019. The team behind the FTT consists of some of the largest crypto traders in cryptoverse They have found some issues with current crypto exchanges and decided to start their own exchange. FTT exchange’s most prominent feature is its leveraged tokens, which allows traders to put leveraged positions without ever needing to trade on margin. FTT coin price is seeing an upside momentum and can soon observe a new high. One can invest in FTT crypto as per their risk capacity and price action.
FTT Crypto Price Technical Indicators Suggests A Strong Upside Momentum
The weekly technical chart of FTT token price suggests a strong upside momentum in future. The daily chart of the price hints a strong bullish momentum. The price of the asset is trading above the 50 and 100 Daily Moving Average. There is a positive crossover which can push the price to a new high. The 100 MA line is currently near the value of $37 making it a temporary support region for the price. FTX token price bullish momentum might face a resistance near $100. Meanwhile, support in the price can be seen near $30 in the downside momentum. FTT/BTC pair can also see a strong upside momentum for the future
Conclusion
FTT crypto price is currently seeing an upside and can soon see the new high. FTT/BTC pair can see a new high in the future
Technical Levels
Major Support:$30
Major Resistance:$70