FTT/USDT: Strong Gains, but Can It Sustain the Momentum? 🚀

📈 Current Price: $3.23 (+12.50%)

🔺 24H High: $3.57

🔻 24H Low: $2.83

📊 24H Volume: $46.55M USDT

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Market Overview:

$FTT FTT is making headlines with a strong 12.5% surge in the last 24 hours, climbing from $2.83 to a peak of $3.57. The rally showcases renewed interest in the token, possibly fueled by market speculation and increased trading activity. With FTT currently consolidating near $3.23, the big question is: will the bulls maintain their momentum?

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Key Levels to Watch:

🔵 Resistance Zones:

$3.60–$3.70: Recent peak and critical barrier; breaking this could propel FTT towards $4.00.

$4.20: A psychological level and next potential target for bullish traders.

🔴 Support Levels:

$3.10: Immediate support; holding this is crucial for short-term stability.

$2.85: Strong fallback level; a breach below this could signal bearish pressure.

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Technical Indicators:

1️⃣ Volume Spike: The sharp increase in trading volume indicates strong buyer demand, supporting the recent rally.

2️⃣ RSI Levels: Approaching overbought territory, suggesting potential consolidation or a minor pullback.

3️⃣ MACD Trend: The bullish crossover on the 4H chart highlights positive momentum.

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Potential Scenarios:

Bullish Continuation:

A confirmed breakout above $3.57 could pave the way for a rally towards $4.00, with increased volume acting as a catalyst.

Bearish Reversal:

Failure to hold above $3.10 may lead to a retracement towards $2.85, offering a re-entry point for traders.

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Trading Strategy:

💡 Scalping Opportunities: Exploit the $3.10–$3.57 range for quick profits during high volatility.

💡 Swing Trades: Target $4.00 with a stop-loss below $3.10 to manage risk effectively.

⚠️ Risk Management: Tight stop-losses are essential as FTT remains highly volatile during this upward trend.

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