This Is Why $FTT Coin Is Pumping!

The FTX token has surged 93% in the past hours, sparking speculation. The rally followed a tweet from crypto influencer “Crypto Rover,” suggesting FTX could repay $16 billion to creditors starting September 30.

Following this, the FTX token soared ~93% with a trading volume of $228.95 million, a 2,263.3% increase. Investors are now asking, "Why is FTT Pumping?"

FTX Price Breakout

FTX experienced a multi-level breakout after a brief consolidation, surpassing its resistance and hitting a 7-month high.

FTX Token Price Analysis

The Relative Strength Index (RSI) showed a sharp rise in the 1D chart, breaching the overbought range, while the MACD indicator signaled strong bullish action.

Will FTX Hit $5?

If speculations hold, FTT may approach $3.255, possibly retesting $4. However, without confirmation from the team, some investors remain skeptical about the claims circulating on social media.

If the news turns out false, FTX could see a steep drop toward $1.

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