1.FTT
FTX Token (FTT) has recently shown significant resilience, rising over 10.70% with a trading price of $2.07. In the past week, FTT has surged 30.60%, becoming one of the standout stocks in the market. On the hourly chart, FTT has formed a symmetrical triangle pattern, indicating that a breakout may be imminent as prices consolidate. Many traders are closely watching for potential volatility.
If FTT breaks the downward trend line at $2.10, bullish momentum could further drive prices up. Alternatively, FTT may test its support level around $2.01, where a rebound could signal an upward breakout. In either case, breaking out of this symmetrical triangle could push FTT towards its next key resistance level of $2.15.
Currently, FTT's trading price is between $2, remaining above the 100-day simple moving average of $1.96. This positioning supports an upward trend. The relative strength index (RSI) is about 51, indicating neutral momentum. Recent resistance is below $4, and if FTT can break this resistance level, it may target the next resistance level at $5.50, providing significant growth potential. Although FTT slightly decreased by 3.66% last month, the overall trend remains positive.
In other news, the FTX bankruptcy entity is actively suing various cryptocurrency companies as part of its ongoing litigation process. Recently, a group of companies involved in the FTX bankruptcy filed a lawsuit against Binance, seeking to recover $1.8 billion. The lawsuit was filed on November 10, claiming that Binance, along with former CEO Changpeng Zhao and other executives, profited $1.76 billion from FTX's fraudulent transfers.
2.DOGE
Dogecoin's current price is $0.35, up 18.21% in the past 24 hours. Investor sentiment towards Dogecoin remains bullish, with the fear and greed index rating at 'greed' level of 69. Over the past year, Dogecoin has appreciated by 249%, outperforming 79% of the top 100 cryptocurrencies, including major assets like Bitcoin and Ethereum.
It is noteworthy that Dogecoin's trading price is 120.12% higher than its 200-day simple moving average, currently at $0.126129. Dogecoin has also seen 19 up days in the past 30 days, or 63%, indicating sustained investor interest. These factors suggest that Dogecoin has good momentum and may support further growth and participation in the broader digital asset market.
3.ONDO
Ondo Finance (ONDO) currently has a valuation of $0.886, up 12.73% in the past 24 hours. Market indicators show a positive trend, bullish sentiment is high, and the greed index rating is 69, reflecting growing investor interest. Current trading levels are close to the recent cycle high of $0.919, indicating high market capitalization liquidity.
November's forecast shows that if ONDO reaches the projected average of $1.76, assuming purchase at the current price, the potential return on investment for investors could be around 241%.
Additionally, the forecast for December indicates that ONDO's trading price may range between $2.76 and $4.22, with an expected average price of $3.66. This suggests a potential increase of 312% compared to the current price, and if ONDO aligns with these predictions, the total return on investment could reach 375%.
4.JASMY
JasmyCoin (JASMY) is a digital currency developed by Jasmy Corporation, a company based in Tokyo that specializes in Internet of Things (IoT) technology. Jasmy is a platform that connects service providers and data users, focusing on data buying and selling. In this context, the Internet of Things refers to a network of devices that have unique identifiers and can exchange data.
Currently, the price of JasmyCoin is $0.022695, up 3.59% in the past 24 hours. Over the past year, JASMY has surged 302%, outperforming many major cryptocurrencies, including Bitcoin and Ethereum.
As a result, it has surpassed 86% of the top 100 crypto assets. The asset's trading price is also well above its 200-day simple moving average (SMA) of $0.00469, having increased significantly by 384.40%.
