FTX Exchange To Rebound As FTT Price Eyes $5 This AltSeason?

The bearish motion within the crypto market has brought on high tasks like Bitcoin, Ethereum and others to lose momentum. Nonetheless, FTX is a cryptocurrency that has gained vital pace in a short while. Moreover, it has secured the place of high gainer within the high 100 with a ~30% soar.

Furthermore, with the creditor’s reimbursement plan and the public sale of Worldcoin tokens, traders are curious concerning the FTX change’s upcoming plan. Furthermore, this raises questions similar to “Will the FTX worth rise once more?” and “How excessive will the FTT worth go?” have obtained monumental search quantity.

FTT Crypto Reaches Highest Worth in 7 Months!

Defying all odds, the FTX token has continued to realize momentum, including ~28% to its portfolio over the previous day with a buying and selling quantity of $86.32 million. Moreover, the inventory has risen 79.33% over the previous week, reaching its March peak.

Furthermore, the FTT worth is up ~95% within the final 30 days. This means a rise in bullish sentiment. With a market capitalization of $860.023 million, it has secured the 83rd place on the worldwide cryptocurrency record.

FTX technical evaluation

The SMA indicator helps the FTT crypto worth chart within the 1D time-frame. This means a rise in buying-over-selling stress for the altcoin out there.

The Relative Power Index (RSI) continues to hover near the overbought vary. Moreover, the common development line helps worth improvement. This implies that the FTX token will proceed to realize worth within the close to future.

Will the FTT worth rise once more?

Suppose the bullish sentiment intensifies, during which case the FTX crypto will put together to check its $2.65 resistance degree within the close to future. Sustaining the worth above that degree may set the stage for this crypto to achieve its excessive of $3.25 this month.

However, if a bearish reversal happens, the worth may retest its USD 2.10 help degree. Furthermore, if the bears had been to overpower the bulls, the FTT coin worth may fall to the decrease help degree of $1.58 below such a state of affairs.

Questioning how far the FTX worth may attain by the top of 2024? Learn our FTX worth forecast for insights!