- FTX Coin price is trading near its major moving average of 200-DMA line, while it drops below its short- to medium-term moving averages.
- The coin is trading below vital moving averages of 20, 50, and 100-day and struggling to hold a 200-day long-term moving average.
- The pair of crypto-asset are trading slightly negative, FTT/BTC is at 0.0008491 BTC with a dip of -1.81%, and the ratio of FTT/BTC is at 0.01219 ETH with a 24-hour change of -0.79%.
FTX Coin price facing the significant support of a 200-day moving average line while trying to rebound from lower levels. The crypto asset over the monthly chart is trading on a bearish note, and the sell-on-rising trend is still intact. While, volume over the chart is recorded lower and falls below average line, which needs to improve in upcoming trading sessions. Once FTX token starts to sustain or close above the 200 and 100-DMA line, we can soon see a sharp bounce back.
If the coin needs to move higher, then the volume must be supportive and increase in upcoming trading sessions. Support on the lower side is at $48.00 and $44.90, whereas resistance on the higher side is $58.48 and $64.44.
FTX Coin is trying to turn bullish after a sharp selloff from the higher levels
FTX Coin over the weekly chart is trying to turn bullish after a sharp selloff from the higher levels. Volume needs to improve over the 4-hour time frame to support the bullish momentum in the upcoming trading sessions. Presently, the technical parameters are indicating an oversold chart after a sharp decline. Currently, the FTX price is trading at $51.40 with an intraday dip of -1.87%, and the volume to market cap ratio is 0.05673.
Relative Strength Index (OVERSOLD): FTX Coin is CMP in the oversold zone the 4-hour time frame. In contrast, the coin suggests an upcoming bounce back in the short-term time frame, RSI at 36.
Moving Average Convergence Divergence (NEUTRAL): The daily chart projects a bearish trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) is heading towards the seller’s line (red) for a positive crossover.
Support levels: $48.00 and $44.90
Resistance levels: $58.48 and $64.44.