Technical Analysis for $FTT

/USDT🎯

Current Price: $3.17

24h High: $3.34

24h Low: $2.54

Price Change: +17.00%

Volume: 20.59M FTT traded in the last 24 hours

Technical Indicators:

RSI (Relative Strength Index): Currently nearing 60, showing upward momentum but approaching overbought territory, indicating possible continuation or slight consolidation.

MACD (Moving Average Convergence Divergence): A bullish crossover suggests upward momentum.

EMA (Exponential Moving Average): Price above short and medium-term EMAs (e.g., 50-period EMA), indicating a bullish trend.

Support Level: $2.54 (recent low)

Resistance Level: $3.34 (recent high)

Trade Signal:

Buy Signal: Considering the overall bullish trend, strong volume, and bullish indicators, it’s favorable to look for long positions.

Target Levels 🎯:

1. First Target: $3.38 (Resistance region)

2. Second Target: $3.50 (Psychological level and EMA resistance)

3. Third Target: $3.70 (Next major resistance)

Momentum:

Trade Momentum: Strong bullish sentiment backed by rising volume and technical indicators pointing to continued upward movement. Possible retrace near $3.34; careful observation is needed around this level.

Stop Loss Suggestion: Set below $3.00 for risk management in case of market reversal.

#BinanceAirdropsCATandPENGU #FullMarketBullRun #BTCNewATH #CryptoUsersHit18M #BinanceLaunchpoolVANA