Fasttoken Price Prediction: FTN Flat At $1.09

Fasttoken Price Prediction: FTN Flat At $1.09 – Time to Jump In?

Updated: 22 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Fasttoken (FTN) has remained relatively flat in the last 24 hours with only a 0.4% price change. However, some price action has been seen in the previous few weeks, with FTN up 30% in the past month.

The hype behind a new exchange listing appears to have faded, but there is no selling pressure.

The lack of action from buyers and sellers reflects the sentiment across the broader cryptocurrency space.

After Bitcoin’s crash last week to around $26K, the entire crypto space has struggled to recover quickly.

The global cryptocurrency market cap is down by 0.5% in the last 24 hours but remains above $1 trillion.

Nevertheless, there are positive developments around Fasttoken, such as a recent exchange listing. The successful xFTN swap could also be attributed to these recent gains.

Fasttoken Struggles to Sustain $1.10

Fasttoken started a gradual uptrend in late July. On July 25, FTN was trading at $0.89, but it gained $1.09 at the time of writing. The past week has seen intense volatility, with a 2.9% uptrend.

This month, the highest FTN price seen so far is $1.12, reported on August 18, marking a new all-time high.

A bullish sentiment appeared on August 15 amid news of a new listing, aiding in breaking past $1.10.

FTN held above $1.10 the entire weekend, but on August 21, FTN failed to maintain the bullish sentiment as buyers started to leave the market. The token has since dropped by 3% from these all-time high levels.

Fasttoken ranks as one of the best-performing tokens this year. An all-time low of $0.398 was seen in January this year, but FTN has since bounced by 172% from these levels.

Strong Buying Momentum

The 50-day simple moving average (SMA) indicates a strong buying momentum. The support level currently stands at $1, and buyers have been entering at this price to prevent the price from declining further.

The Relative Price Index (RSI) at 63 shows buyers control the market. However, the RSI line’s movement shows sellers’ unsuccessful attempts to reverse the trend.

While most indicators point to FTN being bullish, the movement of the moving average convergence divergence (MACD) line against the signal line shows bearish momentum.

The MACD histograms are negative, pointing to a possible reversal.

FTN Listing on Bitget

One of the reasons behind the recent bullish momentum by FTN is the listing on the Bitget exchange. The token was listed on Bitget on August 17, with the business offering a giveaway to celebrate the launch.

🆕 Spot New Listing#Bitget will list $FTN/USDT on Aug 17, 11 AM UTC with 3,900 $FTN to be won! @fasttoken_com

✅ Deposit is open now

🎁 A total $100 #giveaway for 10 members! Just RT + TAG 3 friends

Listing Info: https://t.co/4xper52Izy
Campaign Info: https://t.co/YjwqrRwd0T pic.twitter.com/IoxctOoyaD

— Bitget (@bitgetglobal) August 16, 2023

Following this listing, FTN is now available on multiple exchanges, including MEXC, Bitmart, Coinstore, XTcom, and Hotbit.

🔍#FTN #FAQs

Can I trade FTN outside of #FastexExchange?

The answer is YES. ✅

Besides Fastex Exchange, you can find & #trade FTN on these #exchanges: #Coinstore, #Bitmart, #XTcom, #MEXC, #P2PB2B, & #Hotbit.

Have other questions? Comment below. 💬 pic.twitter.com/XoDq5Is7h2

— Fasttoken (@fasttoken_com) August 5, 2023