$FTT /USDT: Rebound to $3.4007 (+5.02%) – Bulls Showing Recovery Signs!
FTX Token ($FTT) is trading at $3.4007, up +5.02%, after recovering from a low of $3.1121. The token has reclaimed some strength, testing resistance levels as buyers step back in.
Key Levels to Watch:
Resistance: $3.5071 – A breakout above this level could push $FTT toward $3.600 and beyond.
Support: $3.1566 – Holding above this level is essential to maintain the recovery momentum.
Market Observations:
FTT has shown signs of recovery from its downtrend, with higher lows forming in recent sessions.
Increased trading volume and steady price movement indicate buyer interest returning.
Potential Scenarios:
Bullish Continuation: Clearing $3.5071 could pave the way for a rally toward $3.600 and $3.700.
Bearish Pullback: A fall below $3.1566 might trigger another retest of $3.1121 or lower.
Traders should monitor volume and momentum closely as $FTT approaches these critical levels. Will the recovery strengthen, or is further consolidation likely?