FTT Token

Token

bullish

FTX Token

<p>The FTT token price is back in action with a massive overnight surge amid the crypto market recovery. With rising speculations of the FTX token ready for a price jump to $3, something seems fishy underneath.</p>   
<p>Amid the hopes of a bullish recovery, a trap set by whales is potentially lurking near $3. Should you be considering buying FTT before it reaches $3? Find out more about Coinpedia’s FTT price analysis.</p>   
<h2 class="wp-block-heading" id="h-ftt-token-price-above-2">FTT Token Price Above $2</h2>   
<p>With a massive bullish engulfing candle of 16%, the FTT price bounces back from the 50-day EMA. Reclaiming the $2 psychological mark, the bullish engulfing candle completes a double bottom reversal from the $1.76 support level.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/10/17155134/sOZFcVtB-1024x511.png" alt="FTT Price chart" class="wp-image-368213">
</figure>   
<p><a href="https://www.tradingview.com/x/sOZFcVtB/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>Furthermore, this comes as a retest of the golden crossover between the 50-day and 200-day AMM recently occurred due to the increased bullish influence.&nbsp;</p>   
<p>As the bullish bounce back reflects a boost in trend momentum, the MACD and signal line are teasing a potential crossover event. Amid the declining bearish histograms, the MACD and signal line prepare for a bullish crossover.&nbsp;</p>   
<h2 class="wp-block-heading" id="analysts-highlights-a-trap-ahead">Analysts Highlights A Trap Ahead!</h2>   
<p>Despite the growing demand, CryptoScope in an <a href="https://x.com/CryptoScope_/status/1846614907925811411">X post</a> highlights a potential trap ahead. After analyzing the heat map for FTT, a large number of sell orders are visible, extending up to the $3 mark.&nbsp;</p>   
<p>Currently, the token is trading at $2.11, and since the orders range up to more than 50%, this might lead to some underlying manipulation by whales. Further, the whales may need to push the price even higher to fill these orders.</p>   
<h2 class="wp-block-heading" id="h-will-ftx-token-price-cross-3-5">Will FTX Token Price Cross $3.5?</h2>   
<p>Based on the price action analysis, the upcoming resistance level for the FTT token stands at $2.50, followed by $3.13. Meanwhile, the support levels are present at $1.76 and $1.48. Currently, the intraday candle shows a lower price rejection and teases a bullish dominance over the $2 psychological mark.&nbsp;</p>   
<p>Concerned about the FTT token’s future? Read our <a href="https://coinpedia.org/price-prediction/ftx-ftt-price-prediction/">FTX Crypto Price Prediction</a></p>

Whale Trap at $3? FTT’s 16% Price Rally Raises Concerns of Manipulation

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