- FTX coin price is currently seeing a downside momentum and can soon test the lower levels. It has seen a loss of more than 9% in the past 24 hours.
- Technical indicators of FTT coin price hints towards a bearish trend for the future. In contrast, the FTT/BTC pair has seen a loss of more than 1.84% in the intraday session.
FTT coin price is currently observing a bearish trend in the daily chart and can soon test the lower support in the future. FTX token decline can be associated with the sudden fall in BTC.. Despite their several initiatives, the coin has not reached an all-time high. It might soon observe a strong upside trend in the future. One can forecast that the asset price will see a strong upside momentum in the future.
FTX’s market dominance along with the market cap is observing a decline but can soon observe a new high. The volume of the coin will also observe a strong surge in the upcoming days. The volume to market cap ratio of the asset hints towards a bearish momentum in price. One can invest in FTX according to their needs and risk aversion capacity.
FTT Crypto Price Technical Indicators Suggests A Bullish Trend In Price For Upcoming Days
The weekly technical chart of FTT asset price hints towards a consolidated momentum in the future. The daily chart of the asset price suggests a strong downside momentum in the future. The price of the asset is trading the below50 and 100 Daily Moving Average, with a negative crossover in the past trading session. The negative downside momentum in the asset can soon push the asset to a new high. The 50 MA line is currently near the value of $58 acting as temporary support of the price. FTX can soon push the asset to a new high in the future. Meanwhile, support in the coin can be seen nearby $45. FTT/BTC pair can also observe a strong upside trend in the future.
Conclusion
FTT coin price is seeing a downside momentum in the future and can soon see a new high in the future. FTT/BTC pair can see a new high in the upcoming days
Technical Levels
Major Support:$40
Major Resistance:$80