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FTX Token (FTT) Reviews for May 2023

FTT Reviews Wanderer November 6, 2022
FTX Token price risks 30% plunge as a 23M FTT ‘part’ moves to Binance. Alameda Research reportedly obtained $2.2 billion worth of loans using FTT as collateral, a token created by cryptocurrency exchange FTX. From a technical perspective, FTT has formed an inverse-cup-and-handle pattern on the daily chart, identifiable by its crescent-shaped price trend followed by a less extreme upward retracement. On Nov. 6, FTT broke below the pattern’s support line near $22.50, accompanied by a volume spike. The FTX exchange token’s selloff continued on Nov. 7 below the support line, raising risks of a bearish continuation phase in the coming months. As a rule of technical analysis, the inverse-cup-and-handle breakdown can push the price down by the length equal to the distance between the pattern’s support and peak level. That puts FTT’s breakdown price target at around $16, down roughly 30% from the current price. The bearish technical setup came as Changpeng “CZ” Zhao, the CEO of crypto exchange Binance, said his company would liquidate its entire FTT holdings in the coming months, on fears that the token might collapse in the same manner as Terra LUNA tickers down $1.71 in May 2021.

FTT Reviews Leg0la$ March 29, 2022
FTX Token (FTT) broke and closed above $49 on March 24, completing an ascending triangle pattern. Although buyers pushed the price above the psychological resistance at $50 on March 25, they could not sustain the higher levels. This suggests that the bears have not yet given up and are continuing to sell at higher levels. The bears will now try to pull and sustain the price back below $49. If they manage to do that, the aggressive bulls who purchased the breakout from the triangle may get trapped. This could sink the FTT/USDT pair to the 20-day EMA of $45. If the price rebounds off this level, the buyers will again try to clear the overhead resistance zone between $49 to $52 and resume the up-move. Conversely, if the price slips below the moving averages, it will suggest that bears are attempting a strong comeback. A break and close below the uptrend line of the triangle will invalidate the bullish pattern. The pair may then decline to $39. The rally above $51 pushed the RSI deep into the overbought territory. Usually, such moves are followed by a sharp correction or consolidation. If bears pull the price below $49, the pair could decline further to the 50-SMA. If the price rebounds off this level, the buyers will again try to push the pair above $52 and resume the up-move. On the other hand, if bears pull the price below the 50-SMA, the selling could intensify and the pair may drop to $45.

FTT Reviews Vilenskaya February 15, 2022
FTX Token (FTT) has been volatile inside a broadening formation. The failure of the buyers to propel the price above the resistance line indicates that bears are selling the rallies to this level. However, a minor positive is that bulls are buying the dips in the zone between the 20-day EMA ($43.85) and the 50-day SMA ($41.50). If the price rebounds off the current level, the buyers will make one more attempt to clear the overhead hurdle. If they manage to do that, the FTT/USDT pair could start a new uptrend. The pair could then rally to $53.50 where the bears may again pose a strong challenge but if this resistance is crossed, the rally could extend to $65. This bullish view will invalidate if the price turns down and plummets below the 50-day SMA. That will indicate that the pair could extend its stay inside the broadening pattern for a few more days. The failure of the bulls to push the price above the $48 to $50 overhead resistance zone may have attracted profit-booking from short-term traders. The pair has broken below both moving averages and could drop to the 38.2% Fibonacci retracement levels at $41.99. If the price rises from the current level or $41.99, it will suggest that buyers are accumulating on dips. The bulls will then again try to push the price above the 50-SMA. If they succeed, the pair could challenge the overhead resistance. On the downside, a break and close below $41.99 could signal the start of a deeper correction to the 50% retracement level at $39.95.

* Crypto Rating accepts no liability for content of the FTX Token reviews made by the site users. The entire responsibility for the contents rests with the authors.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 87.6% 19 $27 103.13 1.33% -0.28% $525 413 545 011 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90% 5 $1 847.38 0.75% 1.52% $222 158 550 160 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000426 0.01% 0% $83 162 495 084 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 94% 4 $308.50 0.41% -0.64% $48 081 998 443 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000139 0.01% 0.01% $29 072 935 582 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 83.6% 25 $0.472742 0.73% 0.71% $24 574 754 937 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 88.8% 20 $0.371099 1.92% 1.51% $12 941 703 465 ADA 7 days price change
8 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 79.6% 31 $0.072758 2.07% -1.38% $10 151 717 870 DOGE 7 days price change
10 Polygon (MATIC) MATIC Polygon predictions 73.2% 56 $0.928375 1.48% 6.06% $8 614 827 134 MATIC 7 days price change
11 Solana (SOL) SOL Solana predictions 77.2% 38 $20.43 5.01% 0.83% $8 095 221 194 SOL 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 80.4% 33 $0.077365 2.23% 6.60% $7 866 128 306 WTRX 7 days price change
13 TRON (TRX) TRX TRON predictions 78.4% 33 $0.077649 2.87% 7.15% $7 009 815 149 TRX 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 80.4% 35 $89.57 2.21% -2.83% $6 540 062 689 LTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 85.2% 22 $5.36 2.13% -0.57% $6 372 920 266 DOT 7 days price change

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