FTX Token (FTT) Shows Bullish Momentum Despite Mixed Signals at $0.94
The post FTX Token (FTT) Shows Bullish Momentum Despite Mixed Signals at $0.94 appeared on BitcoinEthereumNews.com.
Joerg Hiller
Aug 09, 2025 08:00
FTT price surged 3.76% to $0.94 with neutral RSI at 52.72, suggesting potential upside room while trading above key support levels in current bullish trend.
Quick Take • FTT currently trading at $0.94 (+3.76% in 24h) • FTT RSI sitting at neutral 52.72 suggests room for further upside movement • No significant news catalysts in past week, price action driven by technical factors What’s Driving FTX Token Price Today? The FTT price rally appears to be primarily technical in nature, with no major news events surfacing in the past seven days to drive the 3.76% daily gain. This suggests that FTX Token’s current momentum is being fueled by chart patterns and trader positioning rather than fundamental catalysts. The absence of significant news events often indicates that market participants are focusing on technical levels and broader cryptocurrency market sentiment. With Bitcoin and other major cryptocurrencies showing varying degrees of strength, FTX Token appears to be benefiting from this general market backdrop while maintaining its own technical trajectory. FTX Token Technical Analysis: Mixed Signals With Bullish Bias The FTX Token technical analysis reveals a complex picture with several competing signals. FTX Token’s RSI at 52.72 sits firmly in neutral territory, indicating neither overbought nor oversold conditions. This neutral RSI reading suggests there’s room for the FTT price to move in either direction without immediate momentum exhaustion. FTX Token’s moving averages paint a mixed picture. The current price of $0.94 sits right at the 20-day SMA, while trading above both the 7-day SMA ($0.91) and 50-day SMA ($0.88). However, FTT remains significantly below its 200-day SMA of $1.21, highlighting the longer-term downtrend that FTX Token still faces. The MACD indicators show bearish momentum building, with the MACD histogram at…
Filed under: News - @ August 10, 2025 4:26 am