On this special day of September 29, 2024, the price trend of $FTT is like a huge wave in the ocean, turbulent but regular. Students who get on the bus, remember to reduce their positions.

K-line pattern: Recently, the price of FTT is like a rocket ready to go, showing a fluctuating upward trend. Each low point is higher than the previous one, and the high point is constantly refreshed. Especially on the trading days of September 26 and 29, there were multiple positive K-lines in succession, especially the appearance of large positive lines with large volume, which clearly reflected the strong buying power in the market.

Technical indicator interpretation:

In the MACD indicator, the mean of DIF and DEA runs above the 0 axis. Although there is a slight divergence, this does not hinder the overall bull market pattern. More noteworthy is the change of the MACD bar chart from negative to positive, which undoubtedly adds strong support to the rising momentum of FTT prices in the short term.

The RSI indicator shows that the current value of RSI14 is 66.7425. Although it is close to the overbought range, it has not entered the extreme overbought state. This shows that the market still has room for growth, and investors can still grasp the current upward trend.

In the EMA moving average system, EMA7 (1.4363), EMA30 (1.4169) and EMA120 (1.3610) show a bullish arrangement. This arrangement not only supports the current upward trend, but also provides investors with a reference for the short, medium and long term.

Trading volume analysis:

Since September 26, the trading volume has increased significantly. Especially during the big positive line period - September 26, 27 and 29 - the active entry of funds provided sufficient liquidity for the price increase. When the callback occurred on September 28, the trading volume decreased, which shows that the selling pressure in the market is not heavy and the bulls still dominate.

From the perspective of the 4-hour price trend, FTT's rise is even more prosperous.

In general, the price trend of FTT is currently showing a positive trend