$BTC
$FTT/USDT Analysis: Bullish Trend with Key Levels to Watch
Currently, FTT/USDT is trading in an upward channel, showing a bullish trend. Here are the key factors:
Price Channel: The price is respecting both the support and resistance of the channel. A breakout above $2.4776 could confirm further upside momentum, while a break below $1.8842 may indicate bearish reversal.
RSI: The RSI is around 50, showing a neutral zone. This indicates a balanced market sentiment, with neither overbought nor oversold conditions.
Volume: A slight decrease in volume suggests that momentum might be slowing down. Keep an eye on the volume for
$ confirmation of the next move.
Conclusion: The trend remains bullish as long as the price stays within the channel. A breakout on either side will determine the next major move.