BTC$23 413.14


ETH$1 845.31




USD Coin


Binance Coin




FTX Token (FTT): The Interrupted Uptrend

May 2020

Since it was launched last August, FTX Token (FTT) belongs to the cohort of recently emerged cryptocurrencies that haven’t seen a lot of price action, yet this one has already made a name for itself among traders, mainly because of its good showings against USD, having gained 14.3% in the past 30 days. But the thing that really whets traders’ appetite is the inexhaustible strive to the upside, which FTX Token appears to maintain despite the market crisis that still lingers.

FTT all-time price action chart

Another advantage of FTX is that it represents a class of cryptocurrencies that proved to be one of the most resilient in the time of global crisis - the exchange tokens. It is a native coin of an eponymous exchange that specializes in cryptocurrency derivatives. Similar to Binance Coin, Huobi Token, and the rest, FTT affords discounts on trading fees, OTC rebates, and provides access to socialized gains. We have already reviewed at length the quality of performance and the profiteering potential that such cryptocurrencies are bearing, and FTX Token can be safely labeled as one of the finest of the bunch. 

The uptrend that is hanging in the balance

FTT still fights tooth and nail to remain within the context of an uptrend that began last September, right when the rest of the market was experiencing a steep correction. It means that the price action and the overall behavior of FTX Token can be characterized as counter-systemic, thus appealing due to the fact it allows traders to use this coin as a hedge against falling markets. Lastly, this exchange token is only a few steps away from the all-time high, which was achieved this February at the price level of $2.97.

Giving that presently FTT is priced at $2.38, having gained 2.6% in a week, a single strong upswing could allow the coin to conquer new heights and set it up on a highway to massive gains, the peak of which can’t be accurately predicted at this time.

1-day FTT/USDT chart

Another fascinating thing about FTT is that it showed phenomenal resilience when the cryptocurrency market crashed. Whereas all other coins were losing more than 50% of their value in a matter of hours, FTX Token’s decreased only by 27%, thus allowing the coin to bounce back relatively effortlessly. That bounce could have been anticipated by traders thanks to the bullish checkmate pattern that emerged on the back of an enormous trading volume.

The fact that the humongous selling volume during two days that followed the market crash gave birth only to indecisive candles should have given traders a hint regarding an imminent bullish reaction that kept pushing the price from one lower high to another, until it got stuck at the $2.82 resistance. In doing so, FTX Token came close to a verge of the ascending triangle that must be broken to the upside if the price is to revive the uptrend and hit the new all-time high, after which, as already mentioned, FTT could easily add anywhere from 15% to 30%  in a short period of time.

But in that case, the final step proves to be the hardest as the bears are pushing back vehemently. The fierceness of the struggle is revealed on the MACD indicator, where the MACD line keeps crossing the signal one but without heading to the downside. Trading FTT right now would require placing a tight stop-loss because if the bulls do surrender, the reversal to a downtrend could be swift and violent.

Author: Alex Paulson for


Price history of FTT: the present and the future
Price history of FTT: the present and the future

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 88.8% 13 $23 413.14 -1.75% -4.18% $447 764 695 466 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.4% 57 $1 845.31 -2.60% -1.73% $225 145 169 054 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000076 0% -0.03% $67 571 079 284 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $1.000023 0.03% 0% $53 165 653 780 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 66% 64 $307.60 -2.68% -6.84% $49 626 608 205 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 92% 11 $0.375266 -0.85% -1.33% $18 529 753 729 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 79.6% 30 $0.539617 -3.37% 0.14% $18 311 373 252 ADA 7 days price change
8 Binance USD (BUSD) BUSD Binance USD predictions 94% 1 $1.000284 0.07% 0.03% $18 290 625 677 BUSD 7 days price change
9 Solana (SOL) SOL Solana predictions 82.4% 33 $40.93 -5.16% -7.86% $14 278 599 462 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 80.4% 28 $0.081309 -3.94% 13.97% $10 787 373 078 DOGE 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 HEX (HEX) HEX HEX predictions 68% 66 $0.058800 -4.07% -5.94% $10 196 581 754 HEX 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 72.4% 54 $8.49 -3.98% -9.51% $9 404 789 562 DOT 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 78% 45 $0.000015 -5.46% 20.74% $8 193 283 954 SHIB 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 66.8% 63 $25.90 -5.15% -12.32% $7 381 113 738 AVAX 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.