FTX Token (FTT) Shows 6% Rally as Bullish Momentum Builds Above Key Support
The post FTX Token (FTT) Shows 6% Rally as Bullish Momentum Builds Above Key Support appeared on BitcoinEthereumNews.com.
Rongchai Wang
Sep 13, 2025 12:12
FTT price surges 6.12% to $0.85 with bullish MACD divergence signaling potential upside momentum ahead despite neutral RSI readings at current levels.
Quick Take • FTT currently trading at $0.85 (+6.12% in 24h) • FTX Token’s MACD histogram shows bullish momentum building • No significant news events driving current price action What’s Driving FTX Token Price Today? The FTT price movement appears to be driven primarily by technical factors rather than fundamental news, as no significant events have emerged in the past week. The 6.12% surge suggests renewed buying interest in FTX Token, with the trading range spanning from $0.80 to $0.87 over the past 24 hours. FTX Token’s 24-hour volume on Binance spot reached $1.27 million, indicating moderate but sustained trading activity. This price action comes as the broader cryptocurrency market shows generally bullish sentiment, with traders potentially viewing FTT as an opportunity given its significant discount from 52-week highs. FTT Technical Analysis: Mixed Signals with Bullish Momentum Building The FTX Token technical analysis reveals a complex picture with several key indicators pointing in different directions. FTT’s RSI currently sits at 53.87, placing it firmly in neutral territory and suggesting room for movement in either direction without being overbought or oversold. The most compelling signal comes from FTX Token’s MACD indicator, which shows a histogram reading of 0.0082 – a bullish momentum signal that suggests the recent price weakness may be reversing. While the MACD line remains negative at -0.0192, the positive histogram indicates momentum is shifting in favor of buyers. FTX Token’s moving averages present a mixed outlook. The current FTT price of $0.85 trades above both the 7-day and 20-day SMAs at $0.81, but remains below the critical 50-day SMA at $0.88 and…
Filed under: News - @ September 14, 2025 6:26 am