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FTX Token Price Analysis: FTT Coin Price Consolidation Is Ready For The Next Move

  • FTX coin price is currently observing a strong upside momentum and can see a strong momentum. It has seen a loss of more than 2.8% in the past 24 hours
  • Technical indicators of the FTT coin suggest a strong upside trend and can soon see a new high. In contrast, the FTT/BTC pair has seen a gain of more than 0.35% in the intraday session.

FTT coin price is currently seeing a strong consolidation in the daily chart and can soon revert to a new high. FTX token upside momentum can see a strong upside momentum in the future. Despite their several initiatives, the coin is failing to test all-time high. The asset price may soon see a new high in future. One can forecast that the asset price will soon see a new high in the future.

FTX’s market dominance along with the market cap is seeing a correction but can soon see a new high in the future. The volume of the coin along with the market cap is observing a weak upside momentum and can soon see a new high. The volume to market cap ratio of the asset suggests a strong upside trend for the future. One can invest in FTX according to their needs and risk capacity.

FTT Crypto Price Technical Indicators Suggests A Bullish Trend In Price For Upcoming Days

Source: Trading view

The weekly technical chart of FTT hints towards a strong upside momentum in the future. The daily chart of the asset price is currently seeing a strong consolidation in the daily chart. The price of the asset is trading below the 50 and 100 DMA and can soon see a new high. The consolidation in the asset might soon see a major breakout in the future. The 50 MA  line is currently near the value of $58 acting as a temporary resistance for the coin. FTX can soon observe a new high in the future. Meanwhile, support in the asset can see a new high in the future. FTT/BTC pair can also see a new high in the future.

Conclusion

FTT coin price is currently seeing a strong consolidation but can soon see a new high in the future. FTT/BTC pair can also see a new high in the future.

Technical Levels

Major Support:$40

Major Resistance:$70

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Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.