FTT/USDT Analysis 🧑🚀📊$FTT
The chart shows that the FTT token is in a sideways movement range between $2.134 and $2.3745, demonstrating consolidation after a sharp increase of more than 40%. 📈 However, if the price fails to break above this range, a pullback to the lower border in the region of $2.1262 is possible.
Key indicators:
MA (7, 25, 99) show support levels in the region of $2.1007, $2.0812 and $1.5908 respectively, which can serve as support in case of correction.
SAR (Parabolic SAR) points to an uptrend with support at $1.7400, confirming continued bullish sentiment. 🔼
Ichimoku: The Ichimoku Cloud is forming strong resistance around $2.1425 and $2.1809, which FTT needs to overcome for further growth.
BB (Bollinger Bands): Bollinger Bands are widening, indicating increased volatility. The upper limit is at $2.3581.
Conclusion:
At this stage, FTT/USDT is at a key consolidation level. In case of a successful breakout above $2.3745, growth to the next significant resistance in the region of $2.5000 is possible. However, if the price does not hold in this range, a correction to $2.1000 or even to the lower support levels of $1.8610 should be expected. 🌐
We recommend monitoring trading volumes, as any spikes in volume may indicate an imminent exit from the current range. 📊
