At the time of writing, FTT is being traded at the rate of $39.47 with a decrease of almost 2.45% within the last 24 hours.
The low within this tenure was around $38.23 and the high was approximately $40.89. The coin as being in the watchlist of many traders makes it rank all the way up to number 30th according to the latest data released by coin market cap.
FTT made its all-time high in the month of September 2021 where it reached an enormous amount of $89.74. At the moment it has a daily volume of $154,512,677 with an increase of only 1.36% within the last 24 hours. The circulating supply of FTT is now around 139M and the maximum supply is 352M. FTT has a dominance of 0.11%.
The top exchanges for trading FTT are currently FTX, Binance, ByBit.
Technical Analysis – FTX Token
Starting from the monthly, the price is showing some sort of double top pattern. Now seeing this pattern majority will try to short this pair, so institutions would try to manipulate and grab the liquidity which gives a bullish bias on the monthly time frame. Shifting down to the weekly time frame, it can be observed that price has broken structure to the downside which gives a new low. After a new low, we anticipate a new high as well. So just following the anticipation, a new high can be anticipated. Now besides this, a bullish breaker can be observed as well, from where the price can show a reversal, and that aligns with our anticipation. The weekly time frame also gives a bullish bias
Moving to the daily time frame. the price was actually getting rejected from the support zone. This produced a lot of liquidity below that zone. Price did a fake-out and is tapping in the zone, so it’s very likely that price has grabbed liquidity. Now it has all the fuel which is needed, so a bullish move can be expected.
Price Prediction – FTX Token (FTT)
Even though FTT has been one of the fast gainers and has been able to break out successfully. In the long run, traders are highly bullish on the project. The price is currently at the same level where it was in July and has completely retraced back. But according to the wallet investor, FTT isn’t a good investment. The price of FTT is to reach a value of $121.722 in a year.
