🚀 Current Price: $2.7245 USDT

Market Insights: FTX Token (FTT) is currently soaring on the Binance platform, hitting a price of $2.7245 with a stunning 11.30% increase in the last 4 hours alone! Over the past week, FTT has rallied impressively, showing an 85.33% surge, signaling strong buyer interest and momentum in the market.

Key Levels to Watch:

Resistance: $2.8550. FTT has touched this level recently, hinting at potential hurdles for further upward movement.

Support: $2.2850. This level has acted as a strong foundation during the recent price dips, providing a safety net for the token.

Trade Strategy:

Bullish Scenario: If FTT continues its upward trajectory and breaks past the resistance at $2.8550, consider entering a long position. Potential targets could be set around $3.000 and higher if the momentum sustains. Place a stop loss slightly below $2.800 to protect against any sudden reversals.

Bearish Scenario: Should market sentiment shift and FTT drops below $2.2850, a short position might be favorable. The target for this setup would be closer to the $2.200 level, ensuring a stop loss is placed around $2.400 to mitigate risks.

Prediction: Given the current positive trend and market enthusiasm, FTT could potentially test and surpass the $3.000 mark if the buying pressure continues. However, traders should remain vigilant and responsive to any signs of market cooling or resistance rejections at higher levels.

Final Thoughts: FTT is showing strong market movements that could spell significant opportunities for traders. As always, keep an eye on global crypto sentiments and news that might affect market behavior. Happy trading and let's keep those gains coming on Binance! 🌟

#FTT #BinanceUpdate #NeiroOnBinance #FTT🔥🔥 #Write2Earn! $FTT

$FTT /USDT ALERT... A major gainer today! $FTT is expected to rise further, with potential to hit $2.71 and beyond. It’s been an exceptional trading day for $FTT , surging to a high of $2.4350, reflecting a 16.87% increase! Currently priced at $2.3934, traders should watch for a breakout past the day's high, which could signal a good entry point. Meanwhile, the $1.8500 low serves as strong support, ideal for stop loss placements. Stay alert for more profitable opportunities in both long and short trades as momentum builds. Happy trading!

The FTX (#FTT🔥🔥 ) token has become a hot topic due to speculation surrounding FTX's plans to repay its creditors and customers. With a crucial hearing scheduled for October 7, investors have shown increased interest in FTT, driving its value up significantly.
Preparing for a 160% Price Surge
Ahead of the hearing, traders have been flocking to the #FTTToken , and its technical setup suggests a potential price surge of up to 160%. This increase could push $FTT to reach a 10-month high.
FTT Draws the Attention of Traders
Currently, the FTX token is trading at $2.23, reflecting a 64% increase over the past week. This rally is largely fueled by the anticipation of the October 7 hearing, where discussions on repaying creditors and customers will take place.
Sunil Kavuri, a representative of FTX's creditors, stated that if the court approves the repayment plan, creditors owed less than $50,000 could start receiving payments by the end of 2024. Those with larger claims may have to wait until mid-2025.

Increased Activity of Dormant Tokens
Data from Santiment shows that long-held tokens have started changing hands, signaling market anticipation. The token consumption metric, which tracks the movement of long-held coins, has seen a sharp increase.
Additionally, positive daily active addresses (DAA) for FTT, which measure asset price movements against daily active addresses, have risen by 25.46%, indicating growing demand for FTT.
This rally, accompanied by positive DAA divergence, is a bullish sign that suggests increasing interest and potential for further price growth.

FTT Price Prediction: All Eyes on the Court
The growing balance volume of FTT confirms a sharp increase in accumulation ahead of the October 7 hearing. The buying and selling pressure indicator is now at its highest level since December 2023, rising by 69% in the last four days.
If the on-balance volume (#OBV ) exceeds previous highs, it indicates that the token could break through resistance levels, signaling a strong bullish trend. Buyers are accumulating assets, which could lead to a price surge.
Should the court approve the repayment plan and buying momentum accelerates, FTT could break resistance at $4.91 and rise to $5.98, marking a 160% increase from its current price.

On the other hand, if the repayment plan is rejected, profit-taking activity could rise, potentially driving the price of FTT down to $1.

$FTT

The recent spike in $FTT price has grabbed a lot of attention, with speculation pointing to the possibility that FTX's bankruptcy estate may begin reimbursing creditors and customers soon, with September 30 being floated as a potential date. Currently, $FTT is trading around 2.315, reflecting an 8.2% increase in value.

Despite the buzz, a report from Cointelegraph clarified that this is still just a rumor. According to the latest update, the plan has not yet received approval from the U.S. judge overseeing the case, leaving the timing uncertain.

Although the market may be reacting to these unconfirmed reports, it’s crucial to stay informed. Be mindful of the risks and always rely on verified sources before making any decisions regarding your investments.

#FTT🔥🔥 #FTT/USDT #BTCReboundsAfterFOMC #BinanceLaunchpoolHMSTR #moonbix