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The FTX token initially demonstrated stability, moving within the range of $2.9126 and $3.3957 during the first four days of the year. As market volatility increased, the FTT token encountered a breakdown, leading to a week of trading between $2.6409 and $2.9126, followed by a correction of more than 10%.

After a phase of sideways trading, the market gained momentum, experiencing a 42% surge in the subsequent three days. Despite reaching $3.3957, the FTT token encountered resistance and traded within the $2.9126 to $3.3957 range for over a week, eventually losing momentum and undergoing a price breakdown.

Following this, the price consolidated within the $2.3812 to $2.9126 range, indicating a temporary stabilization in the token's price action. However, a recent market downturn led to a swift 35.45% correction, signifying a significant bearish reversal. Despite a 22% bounce-back by the bulls, the overall sentiment remains bearish.

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