FTX Token (FTT) Shows Bullish Momentum as Price Climbs 3.6% to $0.96

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• FTT that is currently being traded at $ 0.96 (+3.62% in 24 hours) • The MACD -GHISTogram of FTX Token shows Bullish Momentum Building • No significant news catalysts in the past week, price action driven by technical factors

What drives the FTX -token price today?

The FTT price movement in the last 24 hours seems to be mainly technical in nature, without major news events that have been reported in the last seven days. The profit of 3.62% brings FTX token closer to its 7-day simple advancing average of $ 1.01, suggesting that traders may position for a possible break above this level of resistance in the short term.

The trading volume on the FTT/USDT pair reached $ 974,903 at the Binance Spot market, which points to moderate traders interest. The price promotion has set a clear day range between $ 0.91 and $ 0.98, with the current level at the top of this range.

FTX token Technical analysis: Bullish signals appear

The technical analysis of the FTX token reveals various encouraging indicators for bulls. The most striking thing is that the MACD -Histogram from FTX Token has become positive on 0.0014, indicating that Bullish Momentum is starting to build. The MACD line itself is 0.0353, above its signal line at 0.0339, which confirms this upward momentum shift.

FTT RSI currently reads 54.42 and places it on neutral territory with space to move higher before they reach overbough conditions. This suggests that FTX -token has extra upward potential without immediate concern about momentuma.

The advancing average structure presents a mixed image. While the FTT price is above both the 20-day SMA ($ 0.93) and 50-day SMA ($ 0.88), it remains considerably below the 200-day SMA at $ 1.32. The EMA of 12 periods at $ 0.97 is just above current levels and may act as immediate resistance.

The Bollinger tires from FTX Token show the price placed at 0.5877 in the tires, which indicates a neutral positioning with the potential for expansion in both directions. The tires extend from $ 0.75 to $ 1.11 and offer clear limits for the current trade range.

FTX -Tokspijs levels: Important support and resistance

FTX -Token support levels are clearly defined based on Binance Spot -market data. The immediate support is $ 0.79, which closely matches the recent low of 52 weeks of $ 0.72. If this level fails, FTX -Toks strong support is created at $ 0.70, which represents a criticism for bulls to defend.

At the top, the FTT resistance seems concentrated around the level of $ 1.30, which serves as both immediate and strong resistance according to technical analysis. This level coincides with the 200-day advancing average, making it an important psychological and technical barrier.

The current pivot point at $ 0.95 is just below the current FTT price, which suggests that Token has successfully recovered this level and can use it as support for further progress.

Do you have to buy FTT now? Risk-willing analysis

The current setup offers an interesting opportunity for Swinghandelers. With the FTT price that Bullish MacD -Momentum and Neutral RSI measurements show, there is potential for movement to the resistance level of $ 1.30. This would represent around 35% an increase in current levels.

Conservative traders can wait for a clear break over the 7-day SMA at $ 1.01 before they determine positions, because this would confirm the bullish momentum that the MacD signals suggest. Stop loss levels can be placed at $ 0.79 under the immediate support.

Day traders must keep a close eye on the FTT/USDT purple around the EMA level of $ 0.97, because a break could activate above in the short term momentum to $ 1.01. The daily ATR of $ 0.08 suggests reasonable volatility for Intraday opportunities.

Risk-Alense Investors must take into account that FTX token remains far below the 52-week highlight of $ 3.87, and the wider technical image shows that the token is still in a recovery phase instead of a confirmed uptrend.

Conclusion

The current price promotion of FTX Token suggests Momentum, with Bullish MacD signals and neutral RSI that provide a basis for potential upward movement. The most important level to keep an eye on the next 24-48 hours is the break above $ 1.01, which could open the path to the significant resistance zone of $ 1.30. Traders must remain careful for immediate support at $ 0.79, because a break below this level can indicate a return to recent lows.

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