$FTT Technical Analysis – December 16, 2024

💡 FTT's Strong Bullish Momentum

$FTT is showing significant upward momentum, currently trading at $3.02, a +11.95% gain in the last 24 hours. Traders are closely watching as $FTT approaches key resistance levels, suggesting the potential for further breakout.

Key Levels to Watch

Resistance Levels:

$3.34 (24h High)

$3.38 (Major Resistance)

Support Levels:

$3.08 (Initial Support)

$2.79 (Critical Support Zone)

Moving Averages (MA):

MA(7): $3.1361 (short-term bullish trend)

MA(25): $2.8043 (mid-term uptrend confirmation)

MA(99): $2.6841 (long-term strong base support)

Volume Insights

24H Volume:

FTT: 14.11M

USDT: 40.82M

High trading activity reflects strong investor interest, signaling a potential price surge.

Price Targets for FTT/USDT:

Bullish Target: $3.50 - $3.75 (if FTT breaks above $3.38 with sustained volume).

Bearish Target: $2.79 - $2.50 (if price fails to hold above $3.02 support).

Market Sentiment

FTT's recent performance and volume growth indicate a strong uptrend. However, traders should monitor resistance at $3.34 closely. A breakout could propel prices toward $3.50 and beyond.

👉 Stay ahead of the trend and trade FTT/USDT now on Binance!

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