$FTT /USDT Showing Strong Bullish Momentum After Breakout

Hey everyone, Let's take a look at the $FTT /USDT chart! The current price of FTX Token is at $1.0955, marking a significant increase of +12.62% today.

output: FTX Token (FTT) is heating up on the charts today, showing striking bullish momentum after a breakout. Here's a technical analysis to highlight the key trends.

What Is Happening: The current price of FTT is at $1.0955, up a significant +12.62% for the 24-hour period.

In the last 24 hours, FTT is trading in a range of $0.9665 (24h Low) to $1.2500 (24h High). The 24h Volume is substantial at 15.69M FTT, which is equivalent to 17.61M in USDT.

The chart shows a clear bullish breakout, with FTT surging from the lower Bollinger Band to trade above the upper Bollinger Band. This indicates strong buying pressure and potential for more upside.

After reaching a 24-hour high of $1.2500, FTT has pulled back slightly but is still showing strength as it trades above the upper and middle Bollinger Bands. The MACD at the bottom is also showing strong bullish momentum, further supporting the current price action.

Key Levels To Watch:

* Resistance: The 24-hour high of $1.2500 is the immediate resistance to watch.

* Support: The upper and middle Bollinger Bands could act as potential support levels.

What Next For FTT: Traders will be keen to see if FTT can sustain this momentum above the upper Bollinger Band. If it does, we might see a push towards higher levels.

The middle Bollinger Band could now act as a potential support level.

Also Read: How To Invest In FTX After Bankruptcy: Is It Still Possible?

The MACD indicator at the bottom is showing excellent bullish momentum, which aligns with the strong moves in the FTT price today.