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- 1 FTX crypto noted swift gains in the past two intraday sessions.
- 2 FTT/USD chart technical outlook shows that the price rebounded from the 200-Day EMA, highlighting positivity.
FTX token price lifted off nearly 18% in intraday, confirming the presence of bulls at the lower levels. The price noted swift gains in the past two intraday sessions after a drop indicating a build-up of positive bias.
The bulls dominated from the early morning today and continued to thrust the price higher, surpassing the key 200-Day EMA. The bulls have reclaimed their dominance at the lower levels.
The crypto is currently trading near the 50-Day exponential moving average surpassing above the 200-Day EMA and 20-Day EMA. The price has some more room on the upside however, it requires the breakout of the 50 EMA.
FTX token is an ERC-20 compatible exchange token. It offers trading in various sections such as futures, leveraged tokens, and OTC trading. It is the backbone of the FTX ecosystem. It has a circulating supply of about 345 Million.
FTX Token Price Technical Analysis
The daily chart shows that FTX crypto witnessed a breakout above $1.5 mid November. Thereafter, the price continued to inch higher, taking support from the 20-Day EMA, multiple times.
Moreover, this upthrust continued for a month when the price traversed from $1.5 to a high of $5.65 mid December. Thus, gaining a total of more than 200% in a month.
Thereafter, the price faced strong selling pressure and reverted back near the 50-Day EMA. The bears then dominated and dragged the price lower near the 200-Day EMA.
Furthermore, today’s bullish move might have added more confidence to the buyers and has wiped out the worries of investors. If the price further continues with the same thrust, it may soon reclaim the upper levels.
FTX Token Price Prediction January 2024
The most optimistic view of analysts assumes the price may attain a high of $4.5 by the end of January 2024. However, the pessimistic view of analysts hopes the price to drop near $1.6 if the recent support breaks down.
FTX Token Price Prediction 2024
The price Forecast for the year 2024 highlights that the FTT token price could reach a high of $5.6 suggesting a potential gain of over 78%. Moreover, the bearish outlook of the analysts hopes the price could reach $4.3 by the year end.
FTX Token Price Prediction 2025
By the year 2025, the FTX token price may attain $7.35 as the highest price. On the flip side, the minimum price up to which the crypto price may rise by the year 2025 is $5.88.
FTX Token Price Prediction 2026
On the most optimistic note, FTX token crypto could gain to a high of $8.21 in the year 2026. On the other hand, the most pessimistic prediction of our analysts is for the price to reach $6.67.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
