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The FTX token price soared 22% in the last 24 hours to trade at $3.09 as of 6:50 a.m. EST on trading volume that soared 140% to $140 million.
The FTX Token Price: Bull Breaks Above The Asymmetrical Triangle
The FTT price has broken on the upside above the asymmetrical triangle, which normally signals a bullish reversal trend.
The peak at $6.05 allowed the bears to drive the prices down, wiping out the bull’s profit, resulting in an asymmetrical triangle that has empowered the bulls to establish a solid base for gains above the triangle.
The Relative Strength Index (RSI) indicates a sideways trend with a minor rebound and is trading at 65. Although the RSI suggests a neutral position, it remains bullish, underscoring intense buying pressure.
Should the bullish momentum persist, there is a possibility that the RSI could enter overbought territory.
The price currently trades above the 200-day Simple Moving Average (SMA). This alignment confirms the prevailing bullish momentum for the FTX token price. However, the golden cross at $1.22 further reinforces the positive sentiment, indicating a sustained uptrend.
The FTX Token Price Prediction: Bulls Aim To Reclaim $6.05
There is potential for the price to reclaim the $6.05 level, ultimately allowing the bulls to target a higher level at $7.90 if the bullish momentum sustains.
However, bears may seek to push the price down in a bid to retest the upper boundary of the triangle at the $2.69 support. A breach of this support level could prompt bulls to look for a haven around $2.10.
As FTT traders prepare to add more positions, investors seeking alternative coins for lucrative gains are buying the Launchpad XYZ token that is launching soon with what some analysts see offering 10X potential returns.
Launchpad XYZ Launches in 11 Days, Buy Fast
Investors are rushing to buy the Launchpad XYZ Launchpad XYZ token, whose presale ends in 11 days.
You can buy the LPX token at a discounted price of $0.0445 per token before the token launches on January 24 and claim your LPX tokens in the subsequent week, with immediate listings on Decentralized Exchanges (DEX) to follow.
🚀 Only 13 days left until our #Presale ends!
Don't miss out on this opportunity to be part of the future of crypto trading.
Visit our website to get started! 💫#LaunchpadXYZ #AltsSeason #Web3 #Crypto pic.twitter.com/4TtgEyMa89
— Launchpad.xyz (@launchpadlpx) January 11, 2024
The Launchpad XYZ platform is created to enable investors to find the next 10X crypto by providing comprehensive analysis, insights, sentiment assessments, and data. Additionally, it allows you to explore newly released NFT mints, gain early access to exclusive presales, and enjoy discounts on products and services offered by Launchpad XYZ partners.
#LaunchpadXYZ is providing all the training required to be a successful trader. 🙏
Our mission is to empower #Web3 users of any experience level to maximise their profit potential. ⚡️#Crypto #Blockchain #Altcoins pic.twitter.com/fQpiNUxBxc
— Launchpad.xyz (@launchpadlpx) January 10, 2024
Buy LPX Token Now, Experts Predict 10X Potential
Buying LPX tokens now could position you for substantial gains as experts anticipate a 10X surge for LPX upon its launch. Additionally, you can participate in play-to-earn games to earn passive income.
For eligibility, you need to hold a minimum of 10,000 LPX tokens. The Launchpad XYZ exchange can enjoy reduced trading fees, which are currently being developed, potentially enhancing the utility and value of LPX tokens.
🔎 On-chain analytics involves analysing blockchain data for investment insights.
Look at transaction volumes, active addresses, etc. #Crypto #Web3 #AltSeason pic.twitter.com/m6hFXl8Mb4
— Launchpad.xyz (@launchpadlpx) December 30, 2023
The Cryptonews channel, with over 7k subscribers, anticipates potential 10x growth for LPX upon its exchange launch. In one of their videos, they explain how you can buy and benefit from the platform once the token is launched on decentralized exchanges.
There is still a window of opportunity to buy Launchpad XYZ tokens. Simply visit the official website to connect your digital wallet and swap your ETH, USDT, or BNB for LPX tokens.
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