Bullish Breakout: FTT Ready for Liftoff with Trendline Triumph

Published:January 12, 2024 Updated: April 27, 2025
Author: Lokesh Gupta
FTX  price Prediction

FTT Bulls eye towards $5 after breaking Descending Trendline.

  • FTT token formed a base around $2.30 and successfully broke through the $2.90 resistance level.

  • FTX token exhibited a substantial jump after a brief period of sideways trading, suggesting heightened bullish activity in the market.

  • The previous day saw FTT token breaking out of a descending triangle pattern that had persisted for one month.

  • Recent market dynamics witnessed the bulls gaining momentum, leading to a notable over 20% surge and signaling a prevailing bullish sentiment.

  •  According to FTT Price Prediction, FTT faces resistance from the 21-Day MA. 

  • Successful clearance From this hurdle by the bulls could potentially propel the token toward the $5-$6 range in the months ahead.

KEY LEVELS :

RESISTANCE LEVEL : $4.00-$5.00

SUPPORT LEVEL : $2.75-$2.00

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Also read: UNIBOT Price Surges: Investors Buzzing About the Century Mark
Lokesh Gupta
Author: Lokesh Gupta

Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.

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