FTX Token Price Prediction: FTT Sees 14% Growth; Yet, Presale Coin Is Pouncing Forward Faster

Updated: 14 November 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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The price of FTX Token (FTT) surged more than 14% over the past 24 hours to trade at $1.30 at press time.

FTT also recorded a 60% uptick in its 24-hour trading volume, boosting the total value to above $69 million. A possible contributing factor behind FTT’s resurgence could be that Sam Bankman-Fried, the former CEO of FTX, will be testifying in his criminal trial soon.

FTX Estate Moves Funds Around

FTX and Alameda funds are on the move! 🏃

– 2.2M USD LINK
– 1M USD AAVE
– 2M USD MKR
– 3.4M USD ETH

These funds moved to 0xde9 then 0xaee which is a Binance address

We don't track offchain movements, but presumably, this is to either sell or to prepare to sell these funds pic.twitter.com/n6jfyghDmk

— Nansen 🧭 (@nansen_ai) October 25, 2023

Technical Overview

Daily chart for FTT/USDT (Source: TradingView)

Technical indicators suggest that FTT may finally receive the boost needed to overcome the $1.4585 barrier in the next few days. The first indicator that supports this bullish thesis is the daily Moving Average Convergence Divergence (MACD) indicator. The daily MACD line was positioned bullishly above the daily MACD Signal line at press time. This suggests that FTX’s positive trend over the past few days may continue in the short term.

In addition, the daily RSI line was looking to break out of extremely oversold territory for the first time since FTX collapsed. This is a significant technical flag that may indicate that buyers could be beginning to accumulate FTT.

Read our FTX Token Price Prediction.

At press time, the daily RSI line was also positioned bullishly above the RSI Simple Moving Average (SMA) line, which may indicate the re-awakening of traders looking to enter into a scalp trade for the cryptocurrency.

As FTT attempts to escape oversold territory, cryptocurrency traders and investors may want to take a look at yPredict’s presale, which is approaching the end of its 7th stage.

The Perfect All-In-One Platform for Traders

🚀 Dive into the exciting world of crypto trading with #yPredict! 🤖

Our cutting-edge AI and machine learning tech empowers traders with invaluable insights for better-informed decisions and increased profit potential. Plus, we open doors for AI enthusiasts to monetize their… pic.twitter.com/ZtWFZVxJV6

— yPredict.ai (@yPredict_ai) October 17, 2023

yPredict is an all-encompassing platform built for traders by traders and comprises state-of-the-art AI models and valuable data insights. Traders can tap into yPredict’s AI signals, sentiment analysis, and AI technical analysis, as well as the platform’s chart recognition models that can identify more than 25 chart patterns.

A Wave of Investors

Investors are scrambling to purchase yPredict’s native token, YPRED, selling for $0.1. The growing interest from investors is evident in the fact the project was on the cusp of reaching its fundraising target for the latest round.

We are thrilled to share that our crypto presale for @yPredict has already raised over $4.3 million! 🚀💰 What makes our platform truly unique is how we fuse traditional statistical forecasting models like ARIMA with cutting-edge AI and machine learning techniques. 📈🤖 This… pic.twitter.com/33MSlGsriB

— yPredict.ai (@yPredict_ai) October 21, 2023

Anyone looking to purchase YPRED will want to act fast, as the cryptocurrency’s price is set to increase to $0.11 in the next few days.

The “No-Brainer” Purchase

Not only will YPRED be listed on exchanges at $0.12 after the presale, it also has 10-100x potential and allows token holders to earn 45% through the project’s lucrative staking program. As the tides turn in the cryptocurrency market, yPredict is the perfect tool for traders and investors looking to make more informed trading decisions.