The post FTX TOKEN PRICE ANALYSIS & PREDICTION (October 5) – FTT Signals Buy Following A Recovery, Leads Daily Altcoin Rally appeared on BitcoinEthereumNews.com.

Last Sunday saw FTT through a sudden surge in volatility after slowly picking up from $1 (the yearly low) in July. It tapped the key $3 level but quickly lost steam. This led to a half wash in the daily gain and the candle closed that day with a long-wicked rejection. That surge in volatility, which marked the highest daily buying volume since December 2022, suggested that a shift might be around the corner. As the entire crypto market took a downturn this week, the price stayed calm under the $2.5 level with multiple rejections. While this level has become a resistance for the bulls since the start of the week, they are now pushing back but if commitment turns low, the price may roll back. Overcoming this resistance level should pave the way for a bigger surge in the coming days. A continuous rejection from there could bring us back to the bottom before initiating a fresh surge. While most altcoins are still deciding on the next move, FTT is currently in a green zone, leading the top gainer spot with 65% gains in the last 7 days as per coinmarket data. FTT Key Levels To Watch Source: Tradingview Following the latest increase, the price must flip through last week’s $3 high to confirm a further bullish move. After that, $4.6 and $6 are the next resistance level to consider for a test. The recently broken $1.65 resistance level is now marked as support. If the price slides below it, it may navigate $1.3 before reaching the yearly $1 low. A lower level to watch for support is $0.5. Key Resistance Levels: $3, $4.5, $6 Key Support Levels:  $1.65, $1, $0.5 Spot Price: $2.3 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying…

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Filed under: News - @ October 5, 2024 2:39 am