FTT Price Analysis: Following the Latest Increase, Which Came After Locating Support on Wednesday, FTT Appears Back in an Upward Range

FTT Key Levels To Watch Pushing higher in the coming days, the $3.43 resistance level would be the next target to keep in mind.

FTT price analysis shows a bullish trend with an aim to reclaim the weekly high.

FTT price appears to be back in an uptrend after finding support on Wednesday. A close above the weekly high could set the price up for a bigger rally.

FTT price surged sharply late last month, exploding to a peak of $3.4 two weeks ago. This price marked the crypto's highest trading level in eleven months, but the rally lost steam due to a sharp rejection at this resistance.

However, the bulls remained in control, and the price recovered quickly from the support at $1.7. It surged back up to $2.33, which is the current weekly high. The price was rejected at this high and fell to $1.9. It resurged yesterday and is now changing hands at $2.17.

A surge through the weekly high could quickly bring trading back above the $3 level. From this high, FTT needs to reclaim the last December high to confirm a mid-term rally.

For now, the bulls are in charge in the short term. A failure to push above the mentioned high could see a minor drawdown to retest the $1.5 level before picking up again. The bears are currently out of the market. They need to pull the price below July's low to regain control.

FTT Key Levels To Watch

Pushing higher in the coming days, the $3.43 resistance level would be the next target to keep in mind. Above this level lies the $4.5 resistance, with a potential break up to the $6 resistance (December 2023 high).

While the market is currently supported by the $1.77 level, $1.49 is the close level to watch for a pullback. The $1.22 and $1 supports are the next levels to consider if the price breaks down.

Key Resistance Levels: $2.33, $3.43, $4.5

Key Support Levels: $1.49, $1.22, $1

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

The above is the detailed content of FTT Price Analysis: Following the Latest Increase, Which Came After Locating Support on Wednesday, FTT Appears Back in an Upward Range. For more information, please follow other related articles on the PHP Chinese website!