FTT/USDT Technical Analysis
Current price: 2.7774 USDT
24-hour change: +1.39%
24-hour high: 2.9430 USDT
24h Low: 2.4902 USDT
Support Levels:
1. 2.4902 USDT (Key Low - Important Support Zone)
2. 2.6710 USDT (short-term support, key pivot level)
Resistance level:
1. 2.9430 USDT (recent high, strong resistance level)
2. 2.8000 USDT (psychological resistance point)
Market sentiment:
• FTT has shown a positive +1.39% movement in the last 24 hours, trading at 2.7774 USDT at the time of analysis.
• Currently, the price is near the midpoint of its 24-hour high (2.9430 USDT) and low (2.4902 USDT), suggesting that the market is experiencing consolidation.
• If the price can break through 2.8000 USDT, a move towards higher resistance at 2.9430 USDT could be seen. Alternatively, a break below 2.6710 USDT could open the door to testing the lower support level.
Potential price action:
• Bullish scenario: A breakout above 2.8000 USDT could extend the rally to 2.9430 USDT. A close above this level would suggest a continuation of the bullish trend.
• Bearish scenario: If the price falls below 2.6710 USDT, we could see a retest of 2.4902 USDT and possibly a further decline towards 2.3000 USDT if the bearish momentum increases.
December 20, 2024
