- The FTT token rises 8%, reaching $2.96 with a market capitalization of $972.99 million.
- The token’s trading volume increased by 11.17%, reflecting high investor activity.
The FTT token has risen 8% in the last 24 hours, topping the list of gainers. It is currently trading at $2.96, which is an increase of 7.72% in one day. The market capitalization of the token has reached $972.99 million, reflecting a growth of 7.66%. The trading volume in 24 hours stands at $45.33 million, an increase of 11.17%. The volume-to-market capitalization ratio is 4.67%, which shows high trading activity.
The global crypto market capitalization has fallen by 0.39%, reaching a total of $3.35 trillion. However, the performance of the FTT contrasts this trend, highlighting investor interest. The circulating supply of the token is 328.89 million FTT, which matches the total supply.
FTT technical analysis
The FTT chart reveals critical support at $2.85 and resistance at $3.08. If the price breaks above $3.08, it could target $3.50. A drop below $2.85 could trigger a retest of $2.60. These levels play an important role in determining the short-term price direction of ITF.
The Relative Strength Index (RSI) currently stands at 55.66, slightly above its average of 54.50. This indicates slight bullish momentum, suggesting that the token is in a neutral zone with potential for bullish or bearish movement.
Moving averages (MA) provide more information. The 9-day MA is at $2.79, while the 21-day MA is at $2.93. The recent crossover, where the 9-day moving average exceeds the 21-day moving average, indicates an uptrend. These crossovers often indicate buying pressure and a possible price rally.
Furthermore, the constant alignment of candles near the moving averages suggests price consolidation. This usually precedes a breakout, which could move the ITF significantly in either direction. Traders should monitor the volume levels along with these indicators to confirm them.
FTT price momentum seems to favor the bulls for now. However, breaking critical resistance levels is essential for a sustained upward move. On the downside, if support fails, it could lead to a short-term correction.
