FTX Token experiences significant price growth: This week, the FTX Token (FTT) recorded an impressive increase of about 10% within just 24 hours. The altcoin market is thriving, evident by FTT’s 20% rise in the past week, contributing to a monthly gain of around 60%.
Technical indicators show bullish momentum for FTT: The FTT price chart has formed a Golden Cross pattern in the 50/200-day Exponential Moving Average (EMA). This technical signal highlights strong buying pressure, suggesting that traders are more bullish than bearish on this asset.
Market sentiment could influence FTT price levels: If the bullish momentum continues, FTT may retest its resistance at 3.4650 USD, potentially rising to 4.1625 USD. Conversely, a bearish trend could see FTT drop to a support level around 2.8360 USD or even lower to 2.20 USD.