The post FTX Token (FTT) Breaks Above $1.00 Resistance as Bullish Momentum Builds appeared on BitcoinEthereumNews.com.

Luisa Crawford
Sep 20, 2025 10:09

FTT price surges 3.27% to $1.00, breaking key resistance levels with strong momentum indicators signaling potential continuation of the bullish trend.

Quick Take • FTT currently trading at $1.00 (+3.27% in 24h) • FTX Token breaks above Bollinger Band upper resistance with MACD showing bullish momentum • No significant news events in past week, technical breakout driving price action What’s Driving FTX Token Price Today? The FTT price surge appears to be primarily driven by technical factors rather than fundamental news catalysts. With no significant developments in the past week, traders are focusing on FTX Token’s technical breakout above the $1.00 psychological resistance level. The current price action represents a notable recovery from recent consolidation, with FTX Token demonstrating resilience as it trades above multiple moving averages. The 24-hour trading volume of $15.78 million on Binance spot market indicates solid participation in this upward move, suggesting genuine buying interest rather than low-volume manipulation. Market participants appear to be responding to improving technical conditions, particularly as FTT has successfully reclaimed the $1.00 level that has historically acted as both support and resistance. FTX Token Technical Analysis: Bullish Signals Emerge FTX Token technical analysis reveals several encouraging indicators supporting the current upward momentum. The most significant signal comes from FTX Token’s MACD, which shows a bullish histogram value of 0.0262, indicating strengthening momentum as the MACD line trades above its signal line. FTT RSI currently sits at 68.63, positioning FTX Token in neutral territory with room for additional upside before reaching overbought conditions. This RSI level suggests the rally has momentum to continue without immediate concern of a reversal due to excessive buying pressure. The moving average structure further supports the bullish case, with FTT price trading above…

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Filed under: News - @ September 21, 2025 3:23 am