FTX Token (FTT) Drops to $0.89 as Bears Override $16.5B Creditor Repayment Rally



Lawrence Jengar
Aug 07, 2025 06:07

FTT price sits at $0.89 (+1.21% today) as technical indicators signal bearish momentum despite recent creditor repayment announcement boost.



FTX Token (FTT) Drops to $0.89 as Bears Override $16.5B Creditor Repayment Rally

Quick Take

• FTT currently trading at $0.89 (+1.21% in 24h)
• FTX Token’s RSI at 45.87 shows neutral momentum with bearish MACD divergence
• $16.5B creditor repayment plan initially boosted FTT price but bears have since taken control

What’s Driving FTX Token Price Today?

FTX Token has experienced a rollercoaster week following major developments in the FTX bankruptcy proceedings. The most recent price action shows FTT recovering slightly today with a 1.21% gain, but this modest uptick comes after significant volatility that began with promising news.

On July 31, 2025, FTX Token surged 8.57% to $0.98 when news broke of a massive $16.5 billion creditor repayment plan. This announcement initially sparked renewed investor interest in the exchange token, as the substantial repayment suggested progress in resolving the FTX bankruptcy situation.

However, the euphoria proved short-lived. By August 6, 2025, FTT price plunged 3.71% to $0.88 as bearish market sentiment overrode the initial creditor repayment rally. Despite the positive fundamental development, technical factors and broader market conditions have applied downward pressure on FTX Token, highlighting the complex dynamics affecting this controversial asset.

FTT Technical Analysis: Bearish Signals Emerge

The FTX Token technical analysis reveals a mixed but increasingly bearish picture. FTX Token’s RSI currently sits at 45.87, placing it in neutral territory but leaning toward oversold conditions. This FTT RSI reading suggests the token isn’t dramatically overbought, potentially offering some stability at current levels.

However, momentum indicators paint a more concerning picture. FTX Token’s MACD stands at -0.0055 with a signal line at 0.0046, creating a bearish histogram of -0.0101. This bearish MACD configuration indicates weakening momentum and suggests FTT price may face continued downward pressure in the near term.

The Stochastic oscillator reinforces this bearish outlook, with FTX Token’s %K at 13.78 and %D at 12.32. These extremely low readings indicate FTT is approaching oversold conditions, which could either signal a potential bounce or further decline depending on volume and market sentiment.

FTX Token’s moving averages tell a story of recent weakness. The current FTT price of $0.89 sits below the 7-day SMA ($0.90) and significantly below the 20-day SMA ($0.96), confirming the recent bearish momentum. However, FTT trades slightly above the 50-day SMA ($0.88), providing some near-term support.

FTX Token Price Levels: Key Support and Resistance

Based on Binance spot market data, several critical FTX Token support levels emerge. The immediate FTT support sits at $0.86, closely aligned with today’s 24-hour low of $0.87. This level has proven significant during recent volatility and represents the first line of defense for bulls.

Below this, FTX Token strong support appears at $0.70, which coincides with the 52-week low of $0.72. This represents a crucial psychological level where significant buying interest historically emerged. A break below this FTX Token support level could signal extended bearish momentum.

On the upside, FTT resistance faces immediate challenges at $1.30, which serves as both immediate and strong resistance according to current technical levels. This resistance zone sits well above the current FTT price, indicating substantial overhead pressure. The Bollinger Bands upper band at $1.10 provides an additional resistance reference point.

The 24-hour trading range of $0.91 to $0.87 shows FTT price remains within recent volatility parameters, though the current price near the lower end of this range suggests bearish control in the short term.

Should You Buy FTT Now? Risk-Reward Analysis

For momentum traders, the current FTX Token technical analysis suggests caution. With FTT RSI in neutral territory but MACD showing bearish momentum, short-term traders might wait for clearer directional signals before establishing positions. The FTT/USDT pair shows contained volatility with an ATR of $0.07, suggesting measured moves rather than explosive breakouts.

Conservative investors should consider the fundamental backdrop carefully. While the $16.5 billion creditor repayment represents positive progress for FTX resolution, the token remains highly speculative given the exchange’s bankruptcy status. Risk-tolerant investors might view current levels as potentially attractive given the distance from the 52-week high of $3.87, but should maintain strict risk management.

Swing traders could monitor the immediate FTT support at $0.86 for potential entry points, with stops below the strong support at $0.70. However, any long positions should account for the bearish momentum signals and potential for further downside before any meaningful recovery.

The risk-reward profile favors patience currently, as FTX Token technical analysis suggests the path of least resistance remains downward despite the recent creditor repayment news providing fundamental support.

Conclusion

FTX Token finds itself at a critical juncture as technical bearishness conflicts with fundamental developments. While the FTT price shows modest recovery today at $0.89, the underlying technical picture suggests caution for the next 24-48 hours. Traders should monitor the key $0.86 support level closely, as a break below could accelerate selling toward the $0.70 strong support zone. The creditor repayment news provides a fundamental floor, but technical momentum currently favors bears in the near term.

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Source: https://blockchain.news/news/20250807-ftx-token-ftt-drops-to-089-as-bears-override-165b