- FTX coin price has started its journey for new high and can soon cross above $60 . It is trading with a gain of more than 10% in the intraday session
- FTX has recently acquired US approved crypto derivative platform Ledger x. In contrast, FTT/BTC pair is up by more than 9%
FTT coin has seen a market dominance of more than 0.23% in the CMC and is ranked 33rd in the cryptoverse. FTT has recently acquired the first US approved crypto platform Ledger X. Through the regulated futures and options of ledger X, FTX aims to increase its grasp over the US market. In the long run they will provide various derivative instruments to both retail and institutional investor. This can help to push the market cap of FTT to a new high.
Why Invest In FTT Coin?
FTT coin price is currently seeing a consolidated momentum on the daily chart and can soon see a new high.. FTX token price has seen a gain of more than 10% in the intraday session and is near the value of $50. It is a native cryptocurrency of the crypto derivatives exchange platform FTX. The project was founded in 2019 and its mainent came into existence in 2020. The team behind the FTT consists of some of the largest crypto traders in cryptoverse . FTT exchange’s most interesting feature is its leveraged tokens, which allows traders to put leveraged positions without ever needing to trade on margin. FTT coin price is currently observing a consolidated momentum but can soon see a new high. One can invest in FTT crypto as per the price action.
FTT Crypto Price Technical Indicators Hints Towards A Consolidated Momentum
The weekly technical chart of FTT token price highlights a bearish trend in price for upcoming weeks. The daily chart of the price suggests a consolidated momentum for the future. The price of the asset is trading above the 50 and 100 Daily Moving Average. There is a positive crossover in the price which can push the price to a new high. The 100 MA line is currently near the value of $40 making it a temporary bounceback region. FTX token price bullish momentum might see a hostility near $60. Meanwhile, support in the price can be seen near $30 in the downside momentum. FTT/BTC pair can also see a breakout from the previous resistance in future
Conclusion
FTT crypto price is currently observing a consolidated momentum but can soon see a new high. FTT/BTC pair can also observe a new high in the future
Technical Levels
Major Support:$30
Major Resistance:$60