FTT Token Experiences Major Volatility Following Key Announcement

Over the past few hours, the FTT token has seen a significant price increase, causing a lot of speculation. Notably, this surge came after a tweet from “Crypto Rover”, a crypto influencer, said that FTX exchange may pay $16 billion to creditors from September 30.

FTT Token Price Surge

Alamanda Research’s native token “FTT” surged nearly 93% before correcting to its current price. This event sent investors into a state of fear of missing out (FOMO), with questions like “Why is FTT rising?”

For the first time since November 9, 2023, the price of FTT reached an intraday high! This surge helped FTT break through multiple resistance levels. In addition, after a brief period of narrow range fluctuations, the exchange broke through the resistance trendline and hit a 7-month high.

The relative strength index (RSI) on the 1-day timeframe also showed a sharp increase, pushing FTT into the overbought zone and supporting the upward price trend#BTCPredictedNewATH

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