December 20, 2024
FTT/USDT Technical Analysis
Current Price: 2.7774 USDT
24h Change: +1.39%
24h High: 2.9430 USDT
24h Low: 2.4902 USDT
Support Levels:
1. 2.4902 USDT (Key low - Major support zone)
2. 2.6710 USDT (Short-term support, key pivot level)
Resistance Levels:
1. 2.9430 USDT (Recent high, strong resistance level)
2. 2.8000 USDT (Psychological resistance point)
Market Sentiment:
• FTT has shown a positive +1.39% movement in the past 24 hours, trading at 2.7774 USDT at the time of analysis.
• Currently, the price is near the mid-range of its 24h high (2.9430 USDT) and low (2.4902 USDT), suggesting that the market is experiencing consolidation.
• If the price can break through 2.8000 USDT, a move toward the higher resistance at 2.9430 USDT may be seen. Alternatively, a breakdown below 2.6710 USDT could open the door to test lower support levels.
Potential Price Action:
• Bullish Scenario: A breakout above 2.8000 USDT could trigger a move toward 2.9430 USDT. A close above this level would suggest a continuation of the bullish trend.
• Bearish Scenario: If the price dips below 2.6710 USDT, we might see a retest of 2.4902 USDT and potentially further downside towards 2.3000 USDT if bearish momentum increases.