FTX Token has consistently formed higher lows, showing strong market demand and technical momentum.
FTT surged 80% in a single day, marking a significant turning point in the token’s performance.
Projections indicate that FTX Token may recover to $6, representing a 279% upside from its current price.
FTX Token (FTT) cryptocurrency has recently demonstrated remarkable strength, marking a potential turning point in its performance. After maintaining a higher low for several months, FTT surged with an impressive daily gain of nearly 80%.
Sustained Higher Low Signals Strength
For months, FTT has sustained a consistently higher low pattern. In technical analysis done by Javon Marks indicates a higher low often suggesting an upward trend, as it reflects a price level where demand has remained steady or even increased.
https://twitter.com/JavonTM1/status/1840382254213640680
The chart generated by Marks starts with a low point, followed by an upward movement, indicating a bullish trend. This is represented by a sharp increase in price, marked as a Higher High, where the price peaks at a high level. After this peak, the price experiences a correction, showing a gradual decline. The downtrend after the higher high eventually stabilizes, as seen by the formation of a Higher Low.
Throughout this period, the token has remained resilient, consistently holding above previous lows. Projections are drawn above this candlestick, pointing to a potential continuation of the upward trend. The FTX Token (FTT) has maintained its pattern of higher lows following several bullish movements, signaling possible strength in the token's performance.
With multiple bullish patterns emerging earlier, FTT appeared poised for a possible recovery, with projections suggesting a rise back to the $6 mark. This was expected to translate to an impressive 279% upside from current levels.
FTX Token Eyes 111% Gain After 80% Surge
The most recent movement saw FTT experienced a nearly 80% daily increase, suggesting that the token is responding to market pressures with newfound momentum. Following the recent surge, projections indicate that FTT may see an additional 111% increase, which would take the token’s price to around $5.50. This projection is based on technical analysis and previous price behavior, with many traders eyeing this level as a possible target for the token’s next major resistance point.
The post FTX Token (FTT) Surges 80%, Targets 111% Gain Amid Bullish Momentum appeared first on Crypto News Land.
