FTX Token (FTT) Consolidates Near $0.84 as Bears Test Critical Support Levels
The post FTX Token (FTT) Consolidates Near $0.84 as Bears Test Critical Support Levels appeared on BitcoinEthereumNews.com.
Iris Coleman
Aug 30, 2025 14:56
FTT price holds steady at $0.84 with modest 1.25% gains, but technical indicators suggest potential downside pressure as token trades near Bollinger Band lower support.
Quick Take • FTT currently trading at $0.84 (+1.25% in 24h) • FTX Token trading near lower Bollinger Band support with bearish MACD momentum • No significant news catalysts driving price action in recent sessions What’s Driving FTX Token Price Today? FTT price action remains relatively muted with no major news events emerging over the past week to significantly impact trading sentiment. The modest 1.25% gain to $0.84 appears driven primarily by technical factors rather than fundamental catalysts. The absence of significant developments has left FTX Token price vulnerable to broader market dynamics and technical trading patterns. With daily volume on Binance spot reaching $454,172, institutional and retail interest remains subdued compared to peak trading periods. This lack of news flow creates both opportunity and risk for FTT traders, as price movements become more dependent on technical levels and overall cryptocurrency market sentiment rather than project-specific developments. FTT Technical Analysis: Bearish Signals Emerge FTX Token technical analysis reveals several concerning indicators for bulls in the near term. FTT RSI currently sits at 40.82, placing the token in neutral territory but trending toward oversold conditions. This RSI reading suggests selling pressure may intensify if bears push through current FTX Token support levels. The MACD indicator presents the most bearish signal, with FTX Token’s MACD line at -0.0191 and the histogram showing -0.0073, confirming downward momentum. When combined with the MACD signal line at -0.0118, this configuration suggests continued bearish pressure for FTT in the coming sessions. FTX Token’s Stochastic oscillator adds weight to the bearish thesis, with %K at 11.06 and %D…
Filed under: News - @ August 31, 2025 2:11 am