FTT’s trading volume surged by 346.74% amidst the FTX bankruptcy repayment plan. Currently trading at 2.19 USD, FTT has shown resistance above 1.9 USD, indicating potential upward movement toward 2.5 USD if current levels are maintained.
Major investors dominate 97% of FTT holdings, with concerns about the asset’s utility. Current indicators show balanced strength between buyers and sellers, with the price potentially targeting 3 USD as retail trading activity picks up in the speculative environment.