The post Is FTT on the Verge of Breaking 200 EMA? appeared on BitcoinEthereumNews.com.

FTX crypto price is facing strong bullish pressure on the daily technical charts, as it is trading above the 50 and 100-day EMA. The crypto successfully broke above its key resistance levels and took a pullback, despite several bearish attempts by sellers. The crypto is currently trading near 200 EMA, with a marginal gain of 19% in the intraday session. The crypto has a potential upside target of $4.00, but it needs to overcome the bears and surge above the 200-day EMA. The crypto has a support level of $2.949088, which could prevent further downside. The crypto is slipping from the firm grip of the bears but needs to show some signs of reversal before a bullish trend can be confirmed. The technical indicators favor the bulls projecting an optimistic perspective for the buyers. RSI and stochastic RSI oscillators are moving near the overbought zone whereas the major EMA lines act as supports for FTT coin price. The token’s performance has been good throughout the year. It gave positive returns of 327.07% in the year-to-date period, 116.84% in the last six months,221 % in the last three months, and 0.11% in the last week. This shows a persistent bullish trend that has not reversed yet. Technical Analysis of FTX Crypto Price in 1-D Time Frame Source: FTX.1D.USD by TradingView FTX crypto (USD: FTT) is trading between the 100 and 200-day daily moving averages (DMAs), which are not upholding the price trend. The current value of RSI is 46.09 points. The 14 SMA is above the median line at 42.72points which indicates that the FTX crypto is neutral. The MACD line at -0.20679774 and the signal line at -0.11490158 are below the zero line. A bullish crossover is expected in the MACD indicator. MACD signals neutrality for the FTT crypto price.…

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Filed under: News - @ December 30, 2023 9:12 pm