FTX Token (FTT) Rises as Creditor Payments Begin on February 18

FTT Gains Momentum but Struggles with Key Resistance The FTX Token (FTT) has seen a price increase following the news that FTX will start creditor payments in the Bahamas on February 18. However, the token is still struggling to maintain levels above $2, as technical indicators show mixed signals. 📌 While RSI indicates growing bullish momentum, ADX remains weak, suggesting the trend strength is not fully confirmed. 📌 If FTT breaks through key resistance levels, it could move toward $3. 📌 Failure to hold the current support, however, could trigger a deeper pullback. FTT Shows Recovery, but Uptrend Still Uncertain 📊 The DMI (Directional Movement Index) indicator suggests the previous downtrend is weakening. 🔹 ADX dropped to 23.4 from 41 just four days ago, signaling a decline in the strength of the previous downtrend. 🔹 While ADX measures trend intensity, it does not indicate direction—meaning that although FTT is attempting an uptrend, momentum is not yet strong. 🔹 If ADX falls below 20, it could signal a consolidation phase, whereas a rise above 25 would confirm a stronger trend. 📌 FTT is showing early signs of a reversal, but the market is still waiting for confirmation of a stronger bullish trend.

RSI Indicates Increasing Buying Pressure 📈 FTT’s Relative Strength Index (RSI) has surged to 59.2, a sharp rise from 22 just three days ago. 🔹 This significant jump suggests a return of buyers after FTT was in oversold conditions. 🔹 An RSI below 30 typically signals an oversold market, which aligns with FTT’s recent price recovery. 🔹 If RSI surpasses 60, it could confirm further bullish momentum. 📌 FTT remains in an uptrend, but additional momentum is needed to confirm sustained growth.

FTT Price Prediction: Could It Reach $3? 📊 EMA (Exponential Moving Averages) show that short-term moving averages are beginning to trend upward. 🔹 If a golden cross occurs (short-term EMAs crossing above long-term EMAs), it could signal a strong bullish breakout. 🔹 FTT must break resistance between $2.32 and $2.44 to aim for $2.77 and eventually $3. 🔹 Speculation around Donald Trump possibly pardoning FTX co-founder Sam Bankman-Fried could fuel a sharp price surge, pushing FTT above $4.

📌 However, if FTT fails to maintain its bullish trend, a drop below $1.89 could indicate weakening momentum, potentially leading to a further decline toward $1.50. 🚨 FTT is now at a critical juncture—will it confirm a bullish breakout or face another downturn?

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