In a surprising turn of events, FTX, the embattled cryptocurrency platform that recently faced legal challenges, is once again in the spotlight. The platform’s native token, $FTT, has experienced a remarkable surge of +40.53% within the last 24 hours and trading at $4.21, defying the overall bearish trend prevailing in the crypto market.
Why FTX Token (FTT) is Surging Today:
FTX Token (FTT) stands out as a beacon of resilience. The surge in FTT’s value is attributed to a strategic move that saw the token find support at the $2.90 price level. A closer examination of the FTT chart reveals that this crucial support level played a pivotal role in triggering today’s impressive rally.
Source: TradingView
In the aftermath of securing this technical support, the price of FTT tokens has experienced a noteworthy surge, defying the broader market sentiment.
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