FTT token price forecast: FTX exchange Token (FTT) Bulls must maintain this line to start a strong upward trend

FTT token price up more than 30% from June low
FTT price followed upward channel for nearly 3 weeks
Ftt token should break and release its medium-term trend

Ftt coin prices overview
The FTT token was a huge success last year as it grew by more than 2000% from its low. The FTT token fell victim to the market trend and fell by more than -50% compared with ATH. FTX crypto exchange is the 3rd largest cryptocurrency exchange in the world.it becomes a common name as it approaches its volume. A strong correlation with FTT and FTX coin exchange has kept prices higher if there is a similar benefit in FTT to BNB and Binance. The Ftt token has more power than many other currencies, which have shown investors a potentially stronger peak of revival. 

The Ftx has been stuck in a rising channel for the past 3 weeks as traders battled for a strong breakout on both sides. Last week, the price of the FTT token experienced a deviation in the big resistance zone in the December of $30.55 – $31.95.

Based on our FTT token price estimate, the price should be lowered and released to make that mark reach the initial $ 34 target. Medium-term trendline (shown in black) along with this resistance zone. The FTT price also needs to break and hold that line so the Bulls have a chance to start a stronger upward trend.

Ftt token price forecast: 4-hour ftt / USDT chart

Read more: FCA asks Binance to stop all UK activity immediately

At the time of writing, 200 MA prevented the price of the FTT token from dropping further. This moving average is also met by the lower trend line of the 3-week rising channel. If the bears manage to take control of the FTT token and break the two brands, the FTT price will drop to a massive $ 26.95. It would also break the three-week trend line, which would be a downgrade scenario for the FTT price, because it would likely suffer further declines.

Looking at stochastic RSI, we see that power is rolling in a large December

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