The post FTX Token Tests Lower Bollinger Band as Technical Selling Pressure Mounts appeared on BitcoinEthereumNews.com.

Iris Coleman
Oct 19, 2025 08:49

FTT price drops 5.47% to $0.78 amid bearish MACD signals and weak momentum, approaching critical technical support levels in absence of major catalysts.

Quick Take • FTT trading at $0.78 (down 5.5% in 24h) • Technical selling pressure dominates in absence of major news catalysts • Price approaching lower Bollinger Band support at $0.65 • Underperforming Bitcoin which shows moderate weakness today Market Events Driving FTX Token Price Movement No significant news events have emerged in the past 48 hours affecting FTX Token, leaving FTT price action driven primarily by technical factors and broader cryptocurrency market sentiment. The token is trading on technical momentum in the absence of major catalysts, with selling pressure mounting as key moving averages provide resistance. The lack of fundamental drivers has left FTX Token vulnerable to technical selling, particularly as the broader crypto market shows signs of weakness. Trading volume remains moderate at $964,356 on Binance spot markets, suggesting limited institutional interest at current levels. FTX Token Technical Analysis: Bearish Momentum Building Price Action Context FTT price currently sits below all major moving averages, signaling continued weakness in the technical structure. The token trades 7.5% below its 20-day simple moving average of $0.84 and significantly under the 200-day SMA at $0.93. This positioning indicates sellers remain in control of the near-term trend. The current FTX Token technical analysis reveals divergence from Bitcoin’s performance, with FTT showing relative weakness compared to the broader crypto market. Volume patterns suggest limited buying interest at these levels, with most activity concentrated around technical resistance zones. Key Technical Indicators The MACD indicator shows clear bearish momentum with the main line at -0.0289 and a negative histogram of -0.0024, confirming selling pressure continues to build. The RSI…

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Filed under: News - @ October 19, 2025 9:29 am