$FTT FTT (FTX Token) has been showing signs of weakness recently, especially due to ongoing concerns about the FTX exchange’s bankruptcy proceedings and its regulatory challenges. While there may be brief periods of recovery, overall sentiment appears bearish, as the token continues to struggle under the weight of these issues.
**Bearish Sentiment:**
FTT's recent price decline reflects its lack of strong fundamentals. Unless there is significant news or restructuring within the FTX ecosystem, downward pressure could persist. A break below the $2.50 mark could signal further weakness, potentially pushing the price toward $2.00 in the near term.
**Target Price:**
- **Sell Price:** $2.30
- **Buy Price:** $2.46 (for short-term trade)
- **Correct Price:** $2.46 (current price level)
In summary, while short-term trades may offer some potential, long-term prospects for FTT remain uncertain, and a cautious approach is recommended.