Price Analysis View Non-AMP

FTX Price Analysis: What’s The Future Of FTT Token? Is It Worth Investing?

Published by
Elena R

The trials against Sam Bankman-Fried for multiple counts of conspiracy and wire fraud have begun. The prosecutor says that the US has a strong case against SBF in the courtroom.

Further, as many people closely monitor the case, the FTT Price has again started trending and has gained over 9% in value in the past week. The FTX crash had created havoc as the market had lost Billions in valuation.

The SBF’s coin was seen trading in the consolidated range for a period of time, following which the FTT price gained momentum and started trading upwards. The FTX token has been trading in an ascending trendline for over two weeks, indicating a bullpower.

The EMA 50 and 200 continue to rise, indicating the price will climb further in the coming days.

The RSI has been trading above the mid-point since the start of the month, indicating a massive buying and selling power. Further, the FTT coin has made multiple attempts to plunge below halfway but has bounced back, indicating the price will continue rising in the coming days.

Also Read: FTX Price Prediction 2023, 2024, 2025: Will FTT Price Rise Back Up?

Will FTX Recover This Year?

If the bulls manage to hold the price above $1.214, then the FTX price will keep trading in an ascending trendline. Further, if the market experiences a jump and the FTT token breaks out of the resistance level at $1.278, then the coin will continue to trade under the bullish influence and test the upper resistance level of $1.340.

On the other hand, if the bears gain control over the market and a trend reversal occurs, then the FTT crypto will lose its momentum, resulting in the coin experiencing a price plunge. If the FTX coin fails to hold its price above $1.214, then the price will continue to fall and test its lower resistance of $1.150.

Moreover, if Sam Bankman-Fried fails to win the trial, then the failed crypto is bound to test its lower support level of $1.025.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Ripple XRP Price Prediction 2025, 2026-2030: Will XRP Reach $5?

Story Highlights The XRP Price LIVE: . The price could hit a high of $3.99…

April 29, 2025

SUI Price Prediction: SUI Price Poised for a 50% Upswing; Can it Reach $10 in 2025?

After surging by more than 66%, following a breakout from the falling wedge, the SUI…

April 29, 2025

Best Crypto to Buy Now as $3B Bitcoin ETF Boom Ignites

The crypto market is heating up again as Bitcoin ETFs recorded their second-biggest weekly haul…

April 29, 2025

Best Crypto to Buy Now? Some Analysts Favor MUTM Over Stalling Meme Coins

When major holders begin shifting their stakes, it often signals a turning point in the…

April 29, 2025

Pi Coin Prediction: Price Drops 6% After 10 Million Token Unlock Today

The crypto market is showing signs of recovery, but Pi Coin continues to struggle. Over…

April 29, 2025

Celsius Founder Faces 20 Years for $4.7B Crypto Fraud, Says DOJ

The U.S. Department of Justice is pushing for a 20-year prison sentence for Celsius founder…

April 29, 2025