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- FTX coin price has currently breached its all time high and is trading near the value of $80. It has observed a gain of more than 20% in the intraday time frame
- FTT coin price has formed a strong engulfing pattern on the daily chart which will help it to reach a new high. In contrast, the FTT/BTC pair has seen a gain of more than 9% in the intraday session.
FTT coin has seen an increase in its market dominance and its ranking has jumped from 33rd to 23rd within a few days. FTX token gain can be related to the acquisition of ledger x. Through the regulated futures and options of ledger X, FTX aims to increase its hold on the US and other world markets. They are aiming to provide various derivative instruments to both retail and institutional investors. It can help the price to push beyond $160.
FTX token price has recently breached its all time high of $80 and it is ready to jump for a new high. It is currently trading near $80 and has seen a gain of more than 20% in the past 24 hours. It can soon see a high of $150 to $160 being formed in the future. One can invest in FTX as per their risk appetite and their needs.
FTT Coin Price May Soon Observe A New High Being Formed In The Future
The weekly technical chart of FTT token price suggests a strong upside momentum for the future . The daily chart of the asset price highlights a strong bullish momentum in the upcoming days. The price of the asset is trading above the 50 and 100 Daily Moving Average,with a positive crossover in the past. The positive crossover in the price can act as a positive catalyst for the future. The 100 MA line is currently near the value of $45 making it a temporary support region for the price. FTX token price upside momentum can face a hostility near the value of $100. Meanwhile, support in the price can observe a bounceback from $50. FTT/BTC pair can also observe a breakout to the new high.
Conclusion
FTT coin price is currently seeing a strong upside momentum and can soon see a new high. FTT/BTC pair can also observe a breakout in the near future
Technical Levels
Major Support:$50
Major Resistance:$100
