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FTX Price Prediction Today, November 18, 2022: FTT/USD Stays Depressed

FTX Price Prediction Today, November 18, 2022: FTT/USD Stays Depressed
FTX Price Prediction Today, November 18, 2022: FTT/USD Stays Depressed

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FTX token has stayed under the resistance of $2.00 for about three consecutive days. This has been the norm even when it looks like a significant upside move may be witnessed. Subsequently, this market has failed to attract enough offers to break the above-mentioned price resistance level. However, let’s take a closer look to know what can be expected from this market in the near term.

FTX’s Forecast Statistics Data
FTT price: is $1.7603
FTT market capitalization: $554 million
FTX circulating supply:  338.90 million
FTX Total supply: 338.90 million
FTT Coinmarketcap ranking: #209

Important Price Marks:
Resistance Marks: $1.7603, $1.7650 $1.7700
Support Marks: $1.7583 $1.7553, $1.7533

FTX Price Prediction Today, November 18, 2022: FTT/USD Stays Depressed

FTX Price Prediction Today, November 18, 2022: FTT/USD Continues to Struggle Under $2.00 Resistance

Studying the FTT/USD price activities has started the new trading session in favor of the bulls. Nevertheless, the size of the candle reveals that buyers are still having a tough time-fighting headwind. Also, the RSI stays in the overbought and below the 20 levels of the indicator. Nevertheless, we can perceive that the RS1 curve has somehow maintained its upside orientation. But, the space between the curves of this indicator seems very narrow, and this hints at low volatility in this market. Consequently, just very little or no gain can be recorded in this market.

FTX Price Prediction Today, November 18, 2022: FTT/USD Stays Depressed

FTX Price Prediction Today, November 18, 2022: FTT/USD Appears Trapped Under $2.00 Resistance

Meanwhile, in the FTT/USD 4-hour market, price movement continues to slide generally sideways. Also, the last dash price candle here has passed in between the 9 and 21-days MA. In addition, the Stochastic RSI has reached the oversold level even in this kind of situation. Furthermore, the RSI indicator has given a bullish crossover there. The fascinating aspect of this price activity is that bullish momentum isn’t pronounced in this market. Consequently, this implies that FTX price may not break the $2.00 resistance but may fall toward $1.50 in the meantime.

While on the contrary there is bullish sentiment surrounding the IMPT token. This has caused this crypto to sell rapidly, as buyers are getting more interested in it. Consequently, this has assisted Impact Token to raise approximately $12.6 million. Also, this amount of funds was raised within a few weeks.

At the same time, the Dash 2 Trade is also receiving a bullish sentiment, and since D2T is a crypto trading signal providing platform. Currently, the Dash 2 Trade presale program has raised roughly $6.5 million.

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