Luisa Crawford
Sep 20, 2025 10:09
FTT value surges 3.27% to $1.00, breaking key resistance ranges with robust momentum indicators signaling potential continuation of the bullish development.
Fast Take
• FTT at the moment buying and selling at $1.00 (+3.27% in 24h)
• FTX Token breaks above Bollinger Band higher resistance with MACD displaying bullish momentum
• No vital information occasions in previous week, technical breakout driving value motion
What’s Driving FTX Token Worth At present?
The FTT value surge seems to be primarily pushed by technical elements somewhat than basic information catalysts. With no vital developments up to now week, merchants are specializing in FTX Token’s technical breakout above the $1.00 psychological resistance stage.
The present value motion represents a notable restoration from current consolidation, with FTX Token demonstrating resilience because it trades above a number of transferring averages. The 24-hour buying and selling quantity of $15.78 million on Binance spot market signifies stable participation on this upward transfer, suggesting real shopping for curiosity somewhat than low-volume manipulation.
Market members look like responding to enhancing technical situations, significantly as FTT has efficiently reclaimed the $1.00 stage that has traditionally acted as each help and resistance.
FTX Token Technical Evaluation: Bullish Alerts Emerge
FTX Token technical evaluation reveals a number of encouraging indicators supporting the present upward momentum. Probably the most vital sign comes from FTX Token’s MACD, which exhibits a bullish histogram worth of 0.0262, indicating strengthening momentum because the MACD line trades above its sign line.
FTT RSI at the moment sits at 68.63, positioning FTX Token in impartial territory with room for added upside earlier than reaching overbought situations. This RSI stage suggests the rally has momentum to proceed with out instant concern of a reversal on account of extreme shopping for stress.
The transferring common construction additional helps the bullish case, with FTT value buying and selling above key short-term averages. FTX Token’s present place above the SMA 7 ($0.88), SMA 20 ($0.82), and SMA 50 ($0.87) signifies robust momentum throughout a number of timeframes.
Notably noteworthy is FTX Token’s place relative to its Bollinger Bands, with the %B indicator at 1.1412, displaying FTT buying and selling above the higher band. Whereas this will sign overbought situations within the brief time period, it typically signifies robust momentum that may persist throughout trending markets.
FTX Token Worth Ranges: Key Assist and Resistance
Based mostly on present technical evaluation, FTX Token help ranges are clearly outlined at $0.76, which represents each instant and robust help in accordance with the each day chart construction. This stage aligns intently with earlier consolidation zones and will present a basis for any potential pullbacks.
On the upside, FTT resistance turns into essential at $1.22, which represents each instant and robust resistance ranges. A break above this zone might open the trail towards FTX Token’s earlier highs and doubtlessly problem the 52-week excessive of $2.68.
The present pivot level at $1.01 serves as a crucial short-term stage, with FTT value hovering just under this threshold. A sustained break above $1.01 would possible set off extra shopping for curiosity and doubtlessly speed up the transfer towards the $1.22 FTT resistance zone.
Merchants also needs to monitor the Bollinger Band center line at $0.82, which might act as dynamic help throughout any corrective strikes, given its alignment with the SMA 20.
Ought to You Purchase FTT Now? Threat-Reward Evaluation
For aggressive merchants, the present FTX Token setup presents a horny risk-reward state of affairs. With FTT value breaking above key resistance and technical indicators supporting additional upside, a place focusing on the $1.22 resistance stage provides a possible 22% acquire from present ranges.
Conservative merchants may choose ready for a pullback to the $0.88-$0.90 zone, the place the short-term transferring averages might present help. This method would provide a greater risk-reward ratio whereas nonetheless capitalizing on the general bullish development.
Threat administration stays essential no matter technique. Based mostly on Binance spot market knowledge, the each day ATR of $0.09 suggests regular volatility ranges, making stop-loss placement across the $0.90 stage affordable for lengthy positions initiated close to present costs.
Swing merchants ought to take into account the 52-week vary, with FTT at the moment buying and selling nicely above the annual low of $0.72 however nonetheless 63% under the 52-week excessive of $2.68, suggesting vital upside potential if the bullish momentum continues.
Conclusion
FTX Token’s technical breakout above $1.00 represents a big growth for merchants monitoring FTT value motion. With bullish momentum indicators, favorable transferring common alignment, and clear resistance targets at $1.22, the setup favors continued upside within the subsequent 24-48 hours. Nevertheless, merchants ought to stay vigilant of the overbought Bollinger Band place and be ready for potential short-term volatility round the important thing $1.01 pivot stage.
Picture supply: Shutterstock