With the relaunch of the cryptocurrency exchange FTX, the news flow adds value to FTT Token (FTT) day by day.
FTT, which started its upward trend with the relaunch of FTX 2.0, has wreaked havoc on the market with its increase in the last 24 hours. The stock exchange token, which increased by 28.90 percent with BTC exceeding $ 41,500, seems to be on its way to its peak price recently. Approaching an important resistance level again, can FTT break this level and trigger new rises? How are things on the technical side?
It’s heading to its near-term peak!
Exploding from $4.19 to $5.40 in a very short time, FTT showed a performance of nearly 30 percent in total. FTX’s native token, which is traded at $ 5.19 as of the writing of the news, will want to try higher levels in case of good news from the stock market or if BTC advances to $ 42,500. In such a scenario, it can target $5.53 – $5.96 – $6.23 and $6.48 respectively.
Factors such as the release of negative news on FTX or BTC pulling back to $40,000 will result in increased sell-side transactions. In such a case, the levels where relaxation can be expected are 4.88 – 4.76 – 4.49 – 4.2395, 4.0036 – 3.6833 – 3.996 and 3.1543 dollars, respectively. In particular, maintaining $4.76 as support will be decisive in the short-medium term price structure.
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