FTX Token is Predicted to Drop to $1.03 By May 28, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• FTX Token is up 12.87% today against the US Dollar
• FTT/BTC increased by 10.89% today
• FTT/ETH increased by 10.75% today
• FTX Token is currently trading 9.38% above our prediction on May 28, 2023
• FTX Token dropped -33.53% in the last month and is down -96.34% since 1 year ago

FTT price is expected to drop by -8.84% in the next 5 days according to our FTX Token price prediction

is trading at $ 1.13 after gaining 12.87% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 12.50% in the same time period. FTT performed well against BTC today and recorded a 10.89% gain against the world’s largest cryptocurrency.

According to our FTX Token price prediction, FTT is expected to reach a price of $ 1.03 by May 28, 2023. This would represent a -8.84% price decrease for FTT in the next 5 days.

FTT Price Prediction Chart

Buy/Sell FTX Token

What has been going on with FTX Token in the last 30 days

FTX Token has been displaying a negative trend recently, as the coin lost -33.53% in the last 30-days. The medium-term trend for FTX Token has been bearish, with FTT dropping by -27.25% in the last 3 months. The long-term picture for FTX Token has been negative, as FTT is currently displaying a -96.34% 1-year price change. On this day last year, FTT was trading at $ 30.93.

FTX Token reached its all-time high price on Sep 09, 2021, when the price of FTT peaked at $ 84.09. The current FTT cycle high is $ 2.78, while the cycle low is at $ 0.826659. FTT has been displaying high volatility recently – the 1-month volatility of the coin is at 16.41. FTX Token recorded 8 green days in the last 30 days.

FTX Token technical analysis for today – May 23, 2023

The sentiment in the FTX Token markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.962123, $ 0.859537 and $ 0.753639, while $ 1.17, $ 1.28 and $ 1.38 are the key resistance levels.

Bearish sentiment for FTX Token

13 indicators are currently signaling a bullish prediction for FTX Token, while 16 indicators are showing a bearish forecast. With 55% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for FTX Token.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

FTX Token moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how FTX Token is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for FTX Token is at 37.48, suggesting that FTT is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of FTX Token over the last 50 days. Currently, FTX Token is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the FTT closing price for the last 200 days. FTT is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this FTX Token prediction

After considering the above factors, we can conclude that the current forecast for FTX Token price prediction is Bearish. FTT would have to decrease by -8.84% to hit our $ 1.03 target within the next five days. Moving forward, it will be important to monitor the FTT market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term FTX Token price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.