FTT/USD Could Touch $2.0 Level

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The FTX Token price prediction shows that FTT could follow a bullish movement if the market can attempt to climb back above $2.0.

FTX Token Prediction Statistics Data:

  • FTX Token price now – $1.81
  • FTX Token market cap – $523.1 billion
  • FTX Token circulating supply – $328.8 million
  • FTX Token total supply – $328.8 million
  • FTX Token Coinmarketcap ranking – #209

FTT/USD Market

Key Levels:

Resistance levels: $18, $20, $22

Support levels: $1.0, $0.08, $0.06

At the moment, FTT/USD is likely to cross above the 9-day moving average, if the buyers could step back into the market. For the fact that the coin is trading at $1.81, the FTX Token price may begin to follow the bullish movement. Therefore, traders can expect the coin to cross above the 9-day if the bulls put more pressure on the market.

FTX Token Price Prediction: FTX Token (FTT) May Head to the Upside

If the FTX Token price slides below the lower boundary of the channel, the market price could face the downside. But if the price moves to cross above the 21-day moving average, traders can then expect a bullish continuation towards the upside. Meanwhile, as the technical indicator Relative Strength Index (14) moves within the oversold region, crossing into the positive side could hit the resistance levels at $18, $20, and $22.

However, if the coin can follow trade bullishly, traders may witness additional gains above the resistance level of $10. On the contrary, FTT/USD can remain below the 9-day and 21-day moving averages, and, a bearish extension could roll the coin to the long-term support at $1.00, $0.08, and $0.06 levels.

When compares with Bitcoin, FTX Token continues to follow the sideways movement as the coin remains below the 9-day and 21-day moving averages. In the case of a bullish movement, there is a need for an increasing volume and resistance to cause an upsurge in the market.  At the moment, FTX Token (FTT) is trading at 1102 SAT. Therefore, crossing below the lower boundary of the channel could hit the support level at 800 SAT and below.

FTTBTC – Daily Chart

Nonetheless, if a bullish move occurs above the 9-day moving average; buyers can confirm a bull run for the coin as the closest resistance could be found at 5000 SAT and above. The technical indicator Relative Strength Index (14) keeps moving within the oversold region, suggesting sideways movement.

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The Impact Token is still selling quickly, with more and more buyers showing interest. Pre-sales have been raising around $12.5 million in just a few weeks.

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Source: https://insidebitcoins.com/news/ftx-token-price-prediction-for-today-november-16-ftt-usd-could-touch-2-0-level