FTX Token (FTT) Progressing Toward the Next Resistance! Current FTT Token Technical Analysis!

• FTX Token is currently in a short-term approximately horizontal trend channel, indicating further developments in the same direction. FTT is approaching the resistance at 1.39.
• FTT has surpassed the resistance at 1.05. Breaking this resistance suggests further upward movement. Volume peaks and troughs align well with price peaks and troughs.
• Today’s FTX Token price is $1.21 USD, with a 24-hour trading volume of $27,765,016 USD. FTX Token has experienced a 2.53% decrease in the last 24 hours.

In our current FTT analysis, we evaluate the short, medium, and long-term outlook for FTX Token. Can FTT token surpass its next resistance?

Short-Term FTT Analysis

FTX Token is currently in a short-term approximately horizontal trend channel, indicating further developments in the same direction. FTT is approaching the resistance at 1.39, which could result in a negative reaction. However, breaking above the 1.39 level would be a positive signal. Volume peaks and troughs do not align well with price peaks and troughs, which weakens FTT and increases the likelihood of a decline. In the short term, the currency is technically evaluated as slightly negative.

Medium-Term FTT Analysis

Over time, investors have accepted lower prices to exit FTX Token, and FTT is in a medium to long-term downtrend channel. Downtrends indicate negative developments in the market and a decrease in buying interest among investors. Additionally, the currency has surpassed the resistance at 1.05, indicating further upward movement. Volume peaks and troughs align well with price peaks and troughs. This weakens the downtrend and could be an early sign of a trend reversal. In the medium term, the currency is technically evaluated as slightly positive.

Long-Term FTT Analysis

FTX Token is showing weak developments in a long-term downtrend channel. Downtrends indicate negative developments in the market and a decrease in buying interest among investors. FTT is moving within a rectangular formation between the support at 0.79 and the resistance at 2.02. The price chart lacks clear support, signaling further declines. In the event of a positive reaction, FTT has resistance at the 2.80 level. In the long term, the currency is technically evaluated as negative.

FTX Token (FTT) Price

Today’s FTX Token price is $1.21 USD, with a 24-hour trading volume of $27,765,016 USD. FTX Token has experienced a 2.53% decrease in the last 24 hours. It currently ranks 214th with a live market capitalization of $399,246,950 USD and a circulating supply of 328,895,104 FTT tokens, with a maximum supply of 352,170,015 FTT tokens.

Summary

The FTT analysis evaluates the short, medium, and long-term outlook for FTX Token. The short-term analysis provides a slightly negative technical evaluation. While the medium-term analysis presents a slightly positive technical evaluation, the long-term analysis indicates that the currency is technically negative. These analyses can help investors assess their future risks.