FTT Token

Token

bullish

FTX Token

<p>Amid increased market volatility, the 10-day dream run of the FTT cryptocurrency comes to a halt. Following the announcement of the repayment plan to its creditors, the FTT price surged over 100% within a short period.</p>  
<p>However, with the altcoin surpassing its major resistance level, many investors are booking their profits. Is Alameda Research’s FTX token on the verge of a total collapse? Or will it make a comeback and record a new yearly high this month?&nbsp;</p>  
<h2 class="wp-block-heading" id="h-ftt-price-forms-a-flag-pattern">FTT Price Forms A Flag Pattern!</h2>  
<p>Amid increased price volatility in the crypto market, the FTX crypto price has dropped 3.89% in the past day with a trading volume of $103.09 million. Moreover, it has dropped over 30% within the past 50 hours, indicating a strong bearish reversal for it in the market.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/09232225/image-104-5-1024x539.png" alt="FTX Oct 9 Price Analysis" class="wp-image-363038">
</figure>  
<p>Notably, the FTX token has jumped ~6% over the past week and 74.07% during the past month. This highlights a long-term bullish sentiment for the altcoin. With a market capitalization of $744.55 million, it has secured the 86th position among the top 100 cryptocurrencies.</p>  
<h2 class="wp-block-heading" id="h-ftx-price-technical-sentiments">FTX Price Technical Sentiments</h2>  
<p>The Relative Strength Index (RSI) records a sharp decline toward its neutral point from its overbought range in the 1D time frame. Moreover, with its average trendline recording a bearish convergence, the FTT price hints at a negative outlook this week.</p>  
<p>Further, the SMA indicator is on the path of recording a negative crossover in the FTX token price chart. This suggests a weak bullish sentiment for the altcoin in the market.</p>  
<h2 class="wp-block-heading" id="h-will-the-ftt-token-recover">Will The FTT Token Recover?</h2>  
<p>If a bullish reversal occurs, the FTX crypto will retest its resistance level of $2.6505. Further, if the bullish sentiment intensifies, this could result in it heading toward its upper resistance level of $3.255 during the upcoming weeks.</p>  
<p>On the contrary, if the bears continue dominating the crypto space, the FTT coin could continue losing momentum and plunge toward its important support level of $2.1085 this month.<br>Also, read our <a href="https://coinpedia.org/price-prediction/ftx-ftt-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">FTX Price Prediction</a> for potential price targets</p>

FTX Token Drops 31% In 2 Days, Major Crash Incoming For FTT Price?

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