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FTX Token Set for a 160% Surge Ahead of Key Hearing
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.
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.
EIGEN is forecasted to trade within a price range of $ 3.92 and $ 5.13 this week. EigenLayer will increase by 30.74% and reach $ 5.13 by Oct 06, 2024 if it reaches the higher value target.
#eigen #FTT🔥🔥 #DIA. #EIGENonBinance #Write2Earn! $EIGEN
$FTT
$DIA
#eigen #FTT🔥🔥 #DIA. #EIGENonBinance #Write2Earn! $EIGEN
$FTT
$DIA
𝙒𝙝𝙮 𝙄𝙨 $FTT 𝙎𝙪𝙧𝙜𝙞𝙣𝙜 𝙍𝙞𝙜𝙝𝙩 𝙉𝙤𝙬? 🔥
$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
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
⭐Why are "Dead" coins like $EIGEN ,$DIA ,$FTT,$SELO and $VTHO Rising? Who Trade on these coins 💰
In the fast-paced realm of cryptocurrency, certain assets have recently showcased extraordinary growth, capturing the attention of investors and traders alike. Leading the pack, $EIGEN has experienced a staggering surge, climbing over 1154% in the last 24 hours. This remarkable increase positions EIGEN as a standout performer, potentially signaling underlying developments or market endorsements that could hint at sustained interest.
Among other notable gainers, $DIA has also made significant strides, appreciating by 52.92%. This boost could be attributed to positive market sentiment or promising project updates that resonate well with the investor community. Similarly, $PROS and #FTT🔥🔥 have recorded impressive gains of 17.04% and 15.46%, respectively, suggesting robust trading activity and potential bullish trends in their market cycles. Additionally, #CELO/USDT and #VTHO , with their increases of 8.79% and 8.22%, continue to demonstrate strength in a vibrant market environment.
These trends underscore a bullish momentum within the crypto space, particularly for these assets. Investors and traders should keep a close eye on these coins as their movements might provide lucrative opportunities for both short-term trades and long-term investments. Positive market shifts like these are pivotal for gauging investor confidence and potential shifts in asset utility and value.
#Write2Earn! #Debate2024
In the fast-paced realm of cryptocurrency, certain assets have recently showcased extraordinary growth, capturing the attention of investors and traders alike. Leading the pack, $EIGEN has experienced a staggering surge, climbing over 1154% in the last 24 hours. This remarkable increase positions EIGEN as a standout performer, potentially signaling underlying developments or market endorsements that could hint at sustained interest.
Among other notable gainers, $DIA has also made significant strides, appreciating by 52.92%. This boost could be attributed to positive market sentiment or promising project updates that resonate well with the investor community. Similarly, $PROS and #FTT🔥🔥 have recorded impressive gains of 17.04% and 15.46%, respectively, suggesting robust trading activity and potential bullish trends in their market cycles. Additionally, #CELO/USDT and #VTHO , with their increases of 8.79% and 8.22%, continue to demonstrate strength in a vibrant market environment.
These trends underscore a bullish momentum within the crypto space, particularly for these assets. Investors and traders should keep a close eye on these coins as their movements might provide lucrative opportunities for both short-term trades and long-term investments. Positive market shifts like these are pivotal for gauging investor confidence and potential shifts in asset utility and value.
#Write2Earn! #Debate2024
Gainers of the day ..... All These coin 🪙$EIGEN ,$CELO ,$DEGO ,#FTT🔥🔥 ,#UMA and #USCT show a positive Momentum trend here ......
keep a keen eyes on this chart 📈
In today’s dynamic cryptocurrency market, EIGEN continues to lead as the top gainer, with a monumental rise of 1241.67%, setting a new benchmark with a current price of $4.025. This surge positions EIGEN not just as a leader in price gains but also highlights its growing influence and potential within the crypto ecosystem.
Additionally, other cryptocurrencies such as DEGO, USCT, CELO, FTT, and UMA are also marking significant positive movements. DEGO has notably climbed by 24.85%, reflecting strong investor interest and market confidence. Similarly, USCT's rise of 15.14% along with CELO’s gain of 11.09%, FTT’s increase of 10.56%, and UMA’s upswing of 10.20% suggest a bullish sentiment prevailing across various blockchain projects.
These trends underscore a broader market enthusiasm, possibly driven by innovative project developments or favorable market conditions influencing these tokens. Investors should consider these coins as they exhibit strong market momentum, which might offer promising opportunities. Observing their next movements could provide valuable insights into potential sustained growth or necessary corrections.
#Write2Earn! #BinanceLaunchpoolHMSTR
keep a keen eyes on this chart 📈
In today’s dynamic cryptocurrency market, EIGEN continues to lead as the top gainer, with a monumental rise of 1241.67%, setting a new benchmark with a current price of $4.025. This surge positions EIGEN not just as a leader in price gains but also highlights its growing influence and potential within the crypto ecosystem.
Additionally, other cryptocurrencies such as DEGO, USCT, CELO, FTT, and UMA are also marking significant positive movements. DEGO has notably climbed by 24.85%, reflecting strong investor interest and market confidence. Similarly, USCT's rise of 15.14% along with CELO’s gain of 11.09%, FTT’s increase of 10.56%, and UMA’s upswing of 10.20% suggest a bullish sentiment prevailing across various blockchain projects.
These trends underscore a broader market enthusiasm, possibly driven by innovative project developments or favorable market conditions influencing these tokens. Investors should consider these coins as they exhibit strong market momentum, which might offer promising opportunities. Observing their next movements could provide valuable insights into potential sustained growth or necessary corrections.
#Write2Earn! #BinanceLaunchpoolHMSTR
**FTX Agenda Stirs Things Up: FTT Rises 70 Percent!**
click here for NOT Coin 🪙🪙🪙
FTT, the native token of the bankrupt cryptocurrency exchange FTX, has seen a sharp increase in price amid discussions surrounding bankruptcy distributions. According to data from CoinGecko, FTT briefly surged to $2.70 on September 29, marking the first time it has reached that level since March 2024—an impressive 70% rise. Last month, FTT was trading around $1.40, meaning it has seen nearly a 75% increase. However, it later dropped to $2.10 due to selling pressure. After a long period of stagnation, FTT's sudden rise has put it back in the spotlight.
This surge followed rumors that the FTX bankruptcy office would begin distributing funds to creditors and customers on September 30. However, the official Chapter 11 filing shows that the bankruptcy plan has not yet been approved. A court hearing to approve the plan is scheduled for October 7.
If the plan gets approval, the FTX board of trustees will start paying out distributions to creditors owed less than $50,000 by the end of 2024. Those with larger claims may not receive payments until the first or second quarter of 2025. These developments have sparked a surprising market reaction, with $FTT gaining strong momentum. While an increase was expected, many investors did not anticipate a rise as high as 70%.
If the positive news around FTX continues, and if $BTC rises or BTC dominance decreases, FTT's upward momentum might carry on. However, if things go the other way, there could be significant selling pressure on FTT.
#FTXAuction #FTT🔥🔥
$FTT
click here for NOT Coin 🪙🪙🪙
FTT, the native token of the bankrupt cryptocurrency exchange FTX, has seen a sharp increase in price amid discussions surrounding bankruptcy distributions. According to data from CoinGecko, FTT briefly surged to $2.70 on September 29, marking the first time it has reached that level since March 2024—an impressive 70% rise. Last month, FTT was trading around $1.40, meaning it has seen nearly a 75% increase. However, it later dropped to $2.10 due to selling pressure. After a long period of stagnation, FTT's sudden rise has put it back in the spotlight.
This surge followed rumors that the FTX bankruptcy office would begin distributing funds to creditors and customers on September 30. However, the official Chapter 11 filing shows that the bankruptcy plan has not yet been approved. A court hearing to approve the plan is scheduled for October 7.
If the plan gets approval, the FTX board of trustees will start paying out distributions to creditors owed less than $50,000 by the end of 2024. Those with larger claims may not receive payments until the first or second quarter of 2025. These developments have sparked a surprising market reaction, with $FTT gaining strong momentum. While an increase was expected, many investors did not anticipate a rise as high as 70%.
If the positive news around FTX continues, and if $BTC rises or BTC dominance decreases, FTT's upward momentum might carry on. However, if things go the other way, there could be significant selling pressure on FTT.
#FTXAuction #FTT🔥🔥
$FTT
intersted in easy gains? click the copy button below and I will trade for you 😉
#FTT🔥🔥 #HARD/USDT #BNBToken #CopyTradingDiscover #CopytradingSuccess
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🚀 The #FTT🔥🔥 token of the collapsed FTX #exchange has surprisingly surged in value, outpacing all others.
📈 This spike is fueled by false rumors about the imminent start of compensation payments to affected clients. 💰
👀 However, these claims are unfounded; the next crucial court hearing isn't until October 7, meaning no payments will occur by #September 30. If the plan is approved, clients with claims under $50,000 might see payouts by late 2024, while larger claims could face delays until early to mid-2025.
Additionally, some creditors are challenging the compensation plan, insisting on asset-based payouts rather than cash. 🧐
#BinanceLaunchpoolHMSTR #EIGENonBinance
📈 This spike is fueled by false rumors about the imminent start of compensation payments to affected clients. 💰
👀 However, these claims are unfounded; the next crucial court hearing isn't until October 7, meaning no payments will occur by #September 30. If the plan is approved, clients with claims under $50,000 might see payouts by late 2024, while larger claims could face delays until early to mid-2025.
Additionally, some creditors are challenging the compensation plan, insisting on asset-based payouts rather than cash. 🧐
#BinanceLaunchpoolHMSTR #EIGENonBinance
"FTT Soars Nearly 60% on $16B Repayment Hints—Is $2.76 Next?"
A surge in sentiment and trading volume has led to a sudden shift in FTT, breaking the $2 barrier. Will the uptrend continue?
Read more on: https://thecryptobasic.com/2024/09/30/ftt-soars-nearly-60-amid-16b-repayment-rumors-targets-2-76/
#FTT🔥🔥 #Crypto #CryptoPredctions #CryptoNews” #CryptoNewssCommunity
Read more on: https://thecryptobasic.com/2024/09/30/ftt-soars-nearly-60-amid-16b-repayment-rumors-targets-2-76/
#FTT🔥🔥 #Crypto #CryptoPredctions #CryptoNews” #CryptoNewssCommunity
$FTT showing strong momentum with a solid bounce off support.
Eyes on the $2.99 resistance! If this upward trend continues, we could see a breakout soon. 📈
Stay sharp, bulls are gaining control! 🔥
#FTT🔥🔥 #BTCReboundsAfterFOMC #Write2Earn! #NeiroOnBinance
Eyes on the $2.99 resistance! If this upward trend continues, we could see a breakout soon. 📈
Stay sharp, bulls are gaining control! 🔥
#FTT🔥🔥 #BTCReboundsAfterFOMC #Write2Earn! #NeiroOnBinance
🚀 FTT/USDT on FIRE! 🔥 Up by 61% – Bullish Momentum Alert! 🔥
Hey Binance fam! 📊 $FTT is making headlines today with a MASSIVE 61.01% surge, hitting $2.29 and showing no signs of slowing down! 🚀
💡 Key Highlights:
• 24H High: $2.99 💥
• 24H Low: $1.41 🛑
• Volume Explosion: Over 78.51M FTT traded in the last 24 hours! 📈
The Exponential Moving Averages (EMA) are flashing green, with the EMA(7), EMA(25), and EMA(99) all pointing towards an upward trend! 📈 The momentum is REAL, and FTT could be gearing up for an even BIGGER breakout! 💪
🔎 Key Observations:
• 🔥 1H Momentum: Strong bullish candles leading the charge.
• 🟢 Today’s Gain: +13.73%
• 📈 1 Year Return: A jaw-dropping +105.39% – long-term holders are smiling! 😎
Could this be the start of a MAJOR rally? 🎢 Don’t miss out on this action-packed ride with FTT/USDT! 🚀
Ready to jump in? Hit that “BUY” button or ride the momentum with precision – but remember to always trade smart! 💡
#BinanceLaunchpoolHMSTR #FTT🔥🔥 #CryptoGains #bullrun2024📈📈 #Write2Earn! $FTT
Hey Binance fam! 📊 $FTT is making headlines today with a MASSIVE 61.01% surge, hitting $2.29 and showing no signs of slowing down! 🚀
💡 Key Highlights:
• 24H High: $2.99 💥
• 24H Low: $1.41 🛑
• Volume Explosion: Over 78.51M FTT traded in the last 24 hours! 📈
The Exponential Moving Averages (EMA) are flashing green, with the EMA(7), EMA(25), and EMA(99) all pointing towards an upward trend! 📈 The momentum is REAL, and FTT could be gearing up for an even BIGGER breakout! 💪
🔎 Key Observations:
• 🔥 1H Momentum: Strong bullish candles leading the charge.
• 🟢 Today’s Gain: +13.73%
• 📈 1 Year Return: A jaw-dropping +105.39% – long-term holders are smiling! 😎
Could this be the start of a MAJOR rally? 🎢 Don’t miss out on this action-packed ride with FTT/USDT! 🚀
Ready to jump in? Hit that “BUY” button or ride the momentum with precision – but remember to always trade smart! 💡
#BinanceLaunchpoolHMSTR #FTT🔥🔥 #CryptoGains #bullrun2024📈📈 #Write2Earn! $FTT
$FTT 🔥🔥🔥🔥🔥
👉 THOSE WHO BOOKED PROFIT,
THEY WOULD REALLY BE VERY HAPPY 😊 NOW AND
READY 🚀 AGAIN AT THE SAME TIME TO BUY LOWER.
THE 📈 CHART ITSELF ANSWERED WHY WE SHOULD ALWAYS BOOK SOME PROFIT ESPECIALLY IF MADE WITHIN SOME DAYS OR SOME HOURS .
Those who missed ❌,consider it as an opportunity and add to ur bag.
#CRIPTOHINDUSTAN #FTT🔥🔥 #fttusdt #FTT/USDT #FTXAuction
👉 THOSE WHO BOOKED PROFIT,
THEY WOULD REALLY BE VERY HAPPY 😊 NOW AND
READY 🚀 AGAIN AT THE SAME TIME TO BUY LOWER.
THE 📈 CHART ITSELF ANSWERED WHY WE SHOULD ALWAYS BOOK SOME PROFIT ESPECIALLY IF MADE WITHIN SOME DAYS OR SOME HOURS .
Those who missed ❌,consider it as an opportunity and add to ur bag.
#CRIPTOHINDUSTAN #FTT🔥🔥 #fttusdt #FTT/USDT #FTXAuction
LIVECRYPTO HINDUSTAN
--
Em Alta
$FTT 🚀🚀🚀
Ultimate incredible move 🆙 candle
2X done ✔️ almost in just 4hrs
1.5$ to 3$
Even before closing weekly candle ,
THE 🆙 CANDLE IS REALLY INSANE .
👉 Those asking should they book profit :-
Always book a part of profit if u ever make 2X in just some hours .
It won’t let u regret of not booking profit.
Rest its all upon u & ur Risk taking ability.
#CRIPTOHINDUSTAN
Ultimate incredible move 🆙 candle
2X done ✔️ almost in just 4hrs
1.5$ to 3$
Even before closing weekly candle ,
THE 🆙 CANDLE IS REALLY INSANE .
👉 Those asking should they book profit :-
Always book a part of profit if u ever make 2X in just some hours .
It won’t let u regret of not booking profit.
Rest its all upon u & ur Risk taking ability.
#CRIPTOHINDUSTAN
Today's Crypto Headlines:
- Bitcoin Leading Inflows: Bitcoin spearheaded a US$321M crypto inflow post a Federal Reserve rate cut. Speculation is rife about its status as a global liquidity barometer. Can China's stimulus measures or Bitcoin ETF inflows drive further gains despite slow spot market demand?
- Regulatory Shifts: The SEC declared crypto mining devices as securities, hinting at tighter regulatory oversight. Caroline Ellison's two-year sentence in the Ftx fraud case stands out, while the SEC clarified that Bitcoin isn’t a security.
- Investments & Big Players: BlackRock's Ethereum ETF exceeded $1 billion in assets, showcasing Ethereum's growing investment appeal. Changpeng Zhao reaffirmed his commitment to blockchain, AI, and biotech investment, despite legal challenges.
- Technological Trends: Eigenlayer’s token transferability and Fantom's rebranding to Sonic highlight innovation within the blockchain ecosystem. Notably, 1% of Bitcoin’s supply is now locked in DeFi, emphasizing DeFi's integration with Bitcoin.
- Market Sentiments: The crypto buzz includes potential $FTT distributions, with creditors possibly receiving just 10-25% of their holdings. Dogecoin’s resurgence and Solana's breakout reflect a bullish mood among altcoins.
- Global Economic Impact: Crypto markets may be influenced by US stock highs and China’s stimulus package, indicating a shift in investment strategies.📈
#BinanceLaunchpoolHMSTR #Write2Earn! #FTT🔥🔥 #BTC☀ #etf
- Bitcoin Leading Inflows: Bitcoin spearheaded a US$321M crypto inflow post a Federal Reserve rate cut. Speculation is rife about its status as a global liquidity barometer. Can China's stimulus measures or Bitcoin ETF inflows drive further gains despite slow spot market demand?
- Regulatory Shifts: The SEC declared crypto mining devices as securities, hinting at tighter regulatory oversight. Caroline Ellison's two-year sentence in the Ftx fraud case stands out, while the SEC clarified that Bitcoin isn’t a security.
- Investments & Big Players: BlackRock's Ethereum ETF exceeded $1 billion in assets, showcasing Ethereum's growing investment appeal. Changpeng Zhao reaffirmed his commitment to blockchain, AI, and biotech investment, despite legal challenges.
- Technological Trends: Eigenlayer’s token transferability and Fantom's rebranding to Sonic highlight innovation within the blockchain ecosystem. Notably, 1% of Bitcoin’s supply is now locked in DeFi, emphasizing DeFi's integration with Bitcoin.
- Market Sentiments: The crypto buzz includes potential $FTT distributions, with creditors possibly receiving just 10-25% of their holdings. Dogecoin’s resurgence and Solana's breakout reflect a bullish mood among altcoins.
- Global Economic Impact: Crypto markets may be influenced by US stock highs and China’s stimulus package, indicating a shift in investment strategies.📈
#BinanceLaunchpoolHMSTR #Write2Earn! #FTT🔥🔥 #BTC☀ #etf
Technical report of $FTT $LUNA $LUNC
FTT (FTX Token)
FTT's remarkable 81.48% surge brings its price to $2.52, indicating a significant reversal. Technical indicators suggest a strong buying momentum, with RSI at 73.5. Support levels reside at $2.00 and $1.80, while resistance lies at $3.00 and $3.50. Consider taking profits near resistance levels or buying on dips near support levels, targeting a rise to $4.00.
LUNA (Terra) LUNA's 18.55% gain puts its price at $0.4793, signaling a bullish trend continuation. Near-term support levels are found at $0.40 and $0.35, while resistance lies at $0.60 and $0.70. A potential breakout above $0.60 may propel LUNA to $0.80. Monitor LUNA's price action closely, as a break above $0.50 could confirm a long-term uptrend.
LUNC (Terra Classic)
LUNC's 17.01% increase brings its price to $0.00010629. Short-term targets suggest a possible rise to $0.00015000, with support levels at $0.00008000 and $0.00006000. Resistance lies at $0.00012000 and $0.00018000. Consider buying on dips near support levels, targeting a rise to $0.00020000. However, be cautious of selling pressure near resistance levels.
Additional Insights:
- FTT's trading volume has increased significantly, indicating strong market interest.
- LUNA's Moving Averages suggest a bullish crossover.
- LUNC's Relative Strength Index (RSI) is 68.5, indicating overbought conditions.
#FTT🔥🔥 #ftx #LUNAUpdate #lunc #Write2Earn!
FTT (FTX Token)
FTT's remarkable 81.48% surge brings its price to $2.52, indicating a significant reversal. Technical indicators suggest a strong buying momentum, with RSI at 73.5. Support levels reside at $2.00 and $1.80, while resistance lies at $3.00 and $3.50. Consider taking profits near resistance levels or buying on dips near support levels, targeting a rise to $4.00.
LUNA (Terra) LUNA's 18.55% gain puts its price at $0.4793, signaling a bullish trend continuation. Near-term support levels are found at $0.40 and $0.35, while resistance lies at $0.60 and $0.70. A potential breakout above $0.60 may propel LUNA to $0.80. Monitor LUNA's price action closely, as a break above $0.50 could confirm a long-term uptrend.
LUNC (Terra Classic)
LUNC's 17.01% increase brings its price to $0.00010629. Short-term targets suggest a possible rise to $0.00015000, with support levels at $0.00008000 and $0.00006000. Resistance lies at $0.00012000 and $0.00018000. Consider buying on dips near support levels, targeting a rise to $0.00020000. However, be cautious of selling pressure near resistance levels.
Additional Insights:
- FTT's trading volume has increased significantly, indicating strong market interest.
- LUNA's Moving Averages suggest a bullish crossover.
- LUNC's Relative Strength Index (RSI) is 68.5, indicating overbought conditions.
#FTT🔥🔥 #ftx #LUNAUpdate #lunc #Write2Earn!
FTX Token (FTT) Soars as Rumors Grows Over Creditor Repayments
Date: Sun, Sept 29, 2024, 10:42 AM GMT
The cryptocurrency market witnessed a notable spike in FTX Token $FTT today, surging by over 15% in the last 24 hours. This rally comes amid growing speculation that the bankrupt crypto exchange, FTX, may soon begin repaying its creditors.
Source: Coinmarketcap
Speculation:
A widely followed crypto influencer, @CryptoRover, sparked the buzz with a tweet claiming that FTX is set to begin its $16 billion repayment process as soon as tomorrow, Monday. According to @CryptoRover, this repayment would mark a significant milestone in the aftermath of FTX's collapse.
Source: X
No Official Confirmation
However, it’s important to note that there has been no official confirmation from the FTX team regarding this repayment start date. Many users on social media questioned the accuracy of this rumor, with one commenting, “This is not true! Show me the source!”
Breakout from Falling Wedge Pattern
Meanwhile, today’s rally also confirmed a breakout from a falling wedge pattern on the 3-day timeframe chart, as shared by CryptoFaibik. The technical analyst highlighted an upside target of $4.0 for FTT, which represents a potential 188% gain from its current price of $1.63. This breakout signals strong bullish momentum in the market for FTT.
Credits: CryptoFaibik
The Background:
FTX, once a top crypto exchange, filed for bankruptcy in November 2022 following revelations of a massive fraud orchestrated by its former CEO, Sam Bankman-Fried. The scandal shocked the crypto world and left thousands of creditors, including both everyday users and large institutions, in financial uncertainty as they waited for potential repayment.
While speculations are fueling FTT's price rise, it’s crucial for investors to exercise caution, as no official news has confirmed these repayment rumors.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
#FTX #FTT🔥🔥
The cryptocurrency market witnessed a notable spike in FTX Token $FTT today, surging by over 15% in the last 24 hours. This rally comes amid growing speculation that the bankrupt crypto exchange, FTX, may soon begin repaying its creditors.
Source: Coinmarketcap
Speculation:
A widely followed crypto influencer, @CryptoRover, sparked the buzz with a tweet claiming that FTX is set to begin its $16 billion repayment process as soon as tomorrow, Monday. According to @CryptoRover, this repayment would mark a significant milestone in the aftermath of FTX's collapse.
Source: X
No Official Confirmation
However, it’s important to note that there has been no official confirmation from the FTX team regarding this repayment start date. Many users on social media questioned the accuracy of this rumor, with one commenting, “This is not true! Show me the source!”
Breakout from Falling Wedge Pattern
Meanwhile, today’s rally also confirmed a breakout from a falling wedge pattern on the 3-day timeframe chart, as shared by CryptoFaibik. The technical analyst highlighted an upside target of $4.0 for FTT, which represents a potential 188% gain from its current price of $1.63. This breakout signals strong bullish momentum in the market for FTT.
Credits: CryptoFaibik
The Background:
FTX, once a top crypto exchange, filed for bankruptcy in November 2022 following revelations of a massive fraud orchestrated by its former CEO, Sam Bankman-Fried. The scandal shocked the crypto world and left thousands of creditors, including both everyday users and large institutions, in financial uncertainty as they waited for potential repayment.
While speculations are fueling FTT's price rise, it’s crucial for investors to exercise caution, as no official news has confirmed these repayment rumors.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
#FTX #FTT🔥🔥
$FTT $FTT $FTT
**FTT Update**
People still talking about restructuring or customer compensation don’t really understand the situation.
1. All customers have already been compensated, so there’s no need for restructuring.
2. Compensation was given in USDC, meaning customers were paid in USD. This means there’s no selling pressure, which is actually a good sign. Customers can either leave or buy more coins.
3. Filing for compensation is just a legal formality. The bigger news is the "prison storm" concept. The founder being in prison or disappearing is seen as a huge positive in the crypto world.#Write2Earn! #FTT🔥🔥 #writetowin #FTT/USDT #writetowin
**FTT Update**
People still talking about restructuring or customer compensation don’t really understand the situation.
1. All customers have already been compensated, so there’s no need for restructuring.
2. Compensation was given in USDC, meaning customers were paid in USD. This means there’s no selling pressure, which is actually a good sign. Customers can either leave or buy more coins.
3. Filing for compensation is just a legal formality. The bigger news is the "prison storm" concept. The founder being in prison or disappearing is seen as a huge positive in the crypto world.#Write2Earn! #FTT🔥🔥 #writetowin #FTT/USDT #writetowin
have you ever expected to have a crypto to make a 90% increase over 6-7 hours that means if you have invested 100USDT or 1000USDT you would of gotten double the profit in just 6 hours
#FTT🔥🔥 #FTT/USDT #FTTTokenSurge #FTTCoinProfit #BinanceEarnProgram $FTT
#FTT🔥🔥 #FTT/USDT #FTTTokenSurge #FTTCoinProfit #BinanceEarnProgram $FTT
