Ftxtoken
FTT/USDT bullish momentum From demand? 👀🚀FTX Today Analysis💎 Paradisers, direct your attention to #FTTUSDT, currently nestled in a demand zone and brimming with potential for a bullish upheaval.
💎 Amidst the market's ebb and flow, #FTXTOKEN recently grappled with resistance at $3.3487, sparking a liquidity rush above this level, which then spiraled into a steep decline. However, the tide seems to be turning, with #FTT garnering bullish strength in the demand zone at $2.9298. Should it robustly anchor itself above this level, we could witness a spirited ascent, eyeing the ambitious supply zone target at $4.7940.
💎 On the flip side, if #FTT finds itself wrestling to stay afloat above the $2.9298 demand mark, it's time for a tactical pivot. We might then set our sights on a bullish resurgence from a strategic lower foothold at $2.7099. Keep a keen eye here, as a slip beneath this point could unfurl the sails for a significant descent, steering the #FTT journey into deeper waters.
FTX Estate Submits Proposal to End BankruptcyThe estate of FTX, the collapsed crypto enterprise, has submitted a proposal to end bankruptcy with a Delaware court. The proposal aims to prioritize creditor and customer claims and calculate the value of claims based on asset prices at the time of the company's bankruptcy filing. The estate intends to "maximize and efficiently distribute value to all creditors."
FTT now or never Just a check up and closer view on FTTs previous TA
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$FTT FTX Ascending Triangle.... Ready for Higher prices?TSX:FTT ftx price action has formed an ascending Triangle
Current Price: $4.39
#Ftt needs to break horizontal resistance around 4.9 for higher prices: 5.57, 6.45, 7.2
Else If TSX:FTT continues to reject horizontal resistance then expect retest of previous supports: 3.56, 2.87
#FTT #FTX TokenAfter the recent pump, it is being corrected in the resistance range of $5, which has now formed a contraction pattern, which according to the momentum and upward guard, if it exits from the top and pullback to the trend, it can reach the range of $9 in the first step, and if Break to the $20 range and continue its growth.
FTX’s FTT Token Rallies 30% Prior FTX 2.0 FTT token continues to rally amid news of the FTX 2.0 reopening soon.
As the events at crypto exchange Binance unfold, FTX’s native FTT token has witnessed a mega price rally gaining over 55% over the last 48 hours. At press, the FTT token is trading 30% up at a price of $4.63.
FTT Token Whale Accumulation
FTX’s native token FTT has registered a staggering 337% growth on the monthly chart. Most of the gains have come over the last 10 days amid a heavy accumulation by the top 10 whale wallets. During this period, the FTT token market value is up by 255% vs. that of Bitcoin.
Investors in TSX:FTT are experiencing continued gains, as FTX’s native token sees a second surge following recent developments at Binance. The token’s value seems to have received a boost, evidenced by the 10 largest wallets accumulating $12.8 million worth of coins in just 19 days.
Binance Effect or FTX 2.0 Reopening?
FTX’s recent approach of liquidating assets and transferring substantial funds across different exchanges has triggered heightened activity in the cryptocurrency market. In a significant move, FTX and its affiliate, Alameda Research, executed a remarkable transfer of assets totaling $474 million.
This strategic step is part of a broader initiative aimed at handling the exchange’s financial responsibilities and potentially setting the stage for a new phase referred to as “FTX 2.0.” Notably, this action unfolds amid Binance’s $4.3 billion settlement with the United States Department of Justice.
The recent surge in FTT is remarkable, considering its relatively limited utility. This rally indicates substantial institutional interest, despite the token’s historical connection to FTX’s bankruptcy issues. Earlier in the month, FTT achieved a year-to-date high of $4.3, signaling a robust recovery from the previous year’s downturn and reflecting growing investor confidence in the potential launch of a revamped version of the trading platform.
In contrast, Binance’s BNB token witnessed a decline, experiencing a 13% drop to $235. The crypto exchange also witnessed a staggering $1 billion net outflows in a single day. Binance’s current challenges bear some resemblance, though not identical, to the issues FTX confronted last November, which eventually led to its collapse. The uncertainty surrounding Binance’s future, coupled with the clearer trajectory for FTX, has cast a positive outlook on FTT, garnering interest from both retail and institutional investors.
At press time, the FTT token has surged past its key resistance level of $4.408. If its price continues to sustain at those levels, it can rally to its next major resistance of $4.9 and even beyond.
FTT | FTX Token | Purchase zone from $ 1.3 and belowEntering a long position.
Repurchase of the instrument from $ 1.3 and below.
After consolidation at the level of $ 1.3, the instrument can give an excellent profit.
What’s The Future Of FTX Token?The crypto industry has recently recorded a price jump following the FOMC meeting, but the market recently experienced a correction of over 3%, resulting in it leveling out gains of major cryptocurrencies. FTX token has recorded a significant loss in value as its price has lost over 10% in the past week.
The five-week-long trial has ended as Sam Bankman-Fried “SBF” has been found guilty of all seven criminal fraud counts. The tentative sentencing date has been scheduled for 28 March 2024. Following the news, the FTX price has experienced a fall of nearly 5% in value.
The FTX price has displayed constant fluctuations in its price during the last month. Following the start of the SBF case trials, the price recorded significant movements. The FTTs FTX token was trading positively for the first few days, after which the price lost momentum and experienced a drop in value.
The coin was trading in a consolidated range for almost two weeks. Following the market pump, FTX broke out of its important resistance level at $1.2145. FTX continued to gain value but was rejected at $1.3648, after which the token lost momentum, broke down its support level, and started trading sideways.
FTX Future
If the bulls manage to hold the price above the resistance level of $1.2145, the price will stabilize. Further, if the coin holds its price above that level, it will continue to gain value and attempt to break out of the symmetric triangle and rise to test its upper resistance of $1.2832 soon.
If the market regains momentum, the price will make a run to test its resistance level at $1.3648 in the coming time.
On the contrary, if the bears overpowered the bulls and the price broke down the pattern, it would lose momentum and fall to test its support level at $1.1277 soon. Moreover, if the bears continue to dominate the market, it will experience a price plunge and will test its support level at $1.0990 this month.
FTTUSD: Strong sell.FTTUSD turned vastly overbought on the 1D timeframe (RSI = 84.499, MACD = 0.086, ADX = 31.969) as on today's incredibly strong candle, it hit the bottom of the R1 Zone. This is the best sell entry on an 11 month basis. We are targeting the HL trendline, not lower than the S1 level (TP = 1.15000).
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🔥FTX RESTART CAN SEND THE TOKEN TO NEW HIGHSFTT has $300M cap altcoin can easily grow by a 5-10x pump to $1-3B cap on exchange restart.
The bankrupt crypto exchange plans to repay its creditors in fiat. Let me remind you that they recovered $7 billion worth of assets to it's customers. It seems to me that this is the preparation for the restart (FTX 2.0).
Low of the channel is a good place to add FTT to your portfolio.
Top of the channel is a good place to reduce your number of FTX tokens.
💥ready? The wide liquidity gap is waiting for FTX2.0.
FTT (FTX) WHY THE CHART TA SHOWING A INCREASE?Thank you for reading our update. Please keep in mind that this is not trading advice.
FTT is considered one of the riskier cryptocurrencies. After its recent drop, it has remained relatively stable for a while. The latest data suggests that FTT could potentially rise back to the $2 level.
Should we view this technical analysis alert as a chance for the coin to rebound? Trading always involves uncertainty, so we'll keep an eye on FTT in the near future to see if it unexpectedly climbs back to $2.
There is a high market cap that still is activating on the FTT..
'Is there a news known that we don't know, or is this just a fake signal from the TA.. we will see.
FTTUSD Rebounding off the 1D MA200 and targeting the 2023 High.FTTUSD, the FTX Token, held the 1D MA200 and since yesterday it is rebounding with aggression on a 1D timeframe that turned bullish again (RSI = 61.498, MACD = 0.102, ADX = 42.568). As the LMACD is about to form a Bullish Cross, this leg is the second wave of the rally to the R1 we spoke of last month. We are therefore adding an extra long, targeting the Resistance (TP = 2.7000).
Prior idea:
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FTT chart analysis FTT / BUSD
The coin made a new low last few days and recently reclaimed the its key support
(Stoploss / liquidity taken )Many coins make such move at the bottom before major rise
The price must hold above blue support in weekly basis otherwise it will drop again
Note 1: trading this coin is considered a very high risk so if you want to trade it use small amount with strict risk management
Note 2 : any fundamentals news (good or bad about FTX will have great effects on price action
Many asked me about TSX:FTT hope this helps
Thanks
FTTUSD First time touching the 1D MA200 since April 2022!The FTX Token touched yesterday the 1D MA200 for the first time since April 2022 turning the 1D technicals largely bullish (RSI = 67.207, MACD = 0.051, ADX = 48.882). This is a major buy trigger, which with the Support of the 1D MA50 can target the top of the 7 month Rectangle pattern (TP = 2.70000).
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FTTUSD Hit the December Support, turning into a buy opportunity.The FTX Token (FTTUSD) has been trading within a Rectangle pattern since the December 30 Low, which was a market bottom that gave way to a +240% rise. This turns the token into a buy opportunity technically, especially since the 1D RSI broke above the ranged Accumulation Zone that has been trading in since May 12, while the price was still falling under Lower Lows.
The 1D MA50 (blue trend-line) is the short-term Resistance, while the 1D MA200 (orange trend-line) the medium-term, which if broken can deliver a very aggressive rise as it has been untouched for more than a year (since April 17 2022). You can use it as a bullish break-out confirmation signal.
Our target is 2.8000, just below the 2.9000 Resistance and top of the (consolidation) Rectangle.
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