The $FTT /USDT pair has shown strong momentum over the past 24 hours, with a significant price increase of 17.51%, currently trading at $3.74. This surge has seen the price hit a 24h high of $3.92, while the low for the period remained at $3.14. The 24h trading volume stands at 19.41 million $FTT , with a total of 69.78 million USDT traded, indicating active market participation.

Current Price: $3.74

24h Change: +17.51%

Key Levels:

Support: The recent low of $3.14 could serve as a strong support level. A break below this might indicate further downside.

Resistance: The 24h high of $3.92 is the immediate resistance level. A breakout above this could push prices higher, potentially testing the next key resistance level.

Market Sentiment:

Bullish Sentiment: The price surge of over 17% signals bullish sentiment among traders, supported by strong volume, which suggests continued interest in the $FTT token.

Depth Analysis: The bid depth is currently at $4.5249, showing strong buy interest above the current price, while the ask is at $4.4000, indicating sellers are positioning for a slight pullback. However, the market depth suggests that buying pressure could push prices higher if the momentum continues.

Trading Strategy:

For Bullish Traders: Watch for a break above $3.92 to confirm the continuation of the uptrend. Target the next resistance at $4.50.

For Bearish Traders: A price drop below $3.14 might open the door for further downside. Be cautious of potential price corrections.

Monitor the price action closely for any significant movement, especially if it reaches key resistance or support levels.

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