In the last 24 hours, FTX Token (FTT) has emerged as a standout performer, increasing by 7% while the wider market faces a 53 billion USD decline. Notably, spot inflows surged to 205,000 USD, reversing previous outflow trends, indicating a significant shift in market sentiment towards FTT.

The increase in open interest for FTT by 10% illustrates robust market confidence and participation. Analysts anticipate that if the momentum persists, FTT might test the resistance at 2.27 USD, with a chance to advance to 2.57 USD, despite downside risks existing below 1.94 USD.