{"id":465341,"date":"2023-12-13T16:50:20","date_gmt":"2023-12-13T16:50:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=465341"},"modified":"2023-12-13T16:50:20","modified_gmt":"2023-12-13T16:50:20","slug":"ftx-token-price-prediction-ftt-pumps-17-5-as-traders-rush-to-buy-this-bitcoin-etf-play-with-only-hours-before-a-price-hike","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ftx-token-price-prediction-ftt-pumps-17-5-as-traders-rush-to-buy-this-bitcoin-etf-play-with-only-hours-before-a-price-hike","title":{"rendered":"FTX Token Price Prediction: FTT Pumps 17.5% As Traders Rush To Buy This Bitcoin ETF Play With Only Hours Before A Price Hike"},"content":{"rendered":"

The FTX token price soared 17.5% in the last 24 hours to <\/span>trade at $5.51 <\/span><\/a>as of 07:49 a.m. EST as trading volume climbed 35% to $222 million.<\/span><\/p>\n

The FTX Token Price: Bulls Poised To Break The Ascending Triangle<\/span><\/h2>\n
\"FTX
FTTUSD Chart Analysis. Source. Tradingview.com<\/figcaption><\/figure>\n

FTT  price has established a resilient support level at $1.05, showcasing a strong foundation for price stability. <\/span><\/p>\n

Subsequently, there was an upward surge, leading to a new peak at $6.05, giving rise to the formation of an ascending triangle pattern over the weeks, signaling a continuation of the bullish trend.<\/span><\/p>\n

However, the upper boundary of the triangle has proven to be a robust resistance point, prompting a correction in the price. Despite this correction, the bulls have shown resilience, establishing a solid base for potential future gains above the triangle.<\/span><\/p>\n

The Relative Strength Index (RSI) indicates a sideways trend with a minor rebound and is currently trading at 65. Although the RSI suggests a neutral position, it remains bullish, underscoring the presence of intense buying pressure. Should the bullish momentum persist, there is a possibility that the RSI could enter overbought territory.<\/span><\/p>\n

The price is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs). This alignment confirms the prevailing bullish momentum for the FTX token price. The bullish crossover of these key SMAs further reinforces the positive sentiment, indicating a sustained uptrend.<\/span><\/p>\n

The FTX token Price: Bulls Aim For $7.9 Above Ascending Triangle<\/span><\/h2>\n

There is potential for the price to surpass the $6.05 level, ultimately allowing the bulls to target a  $7.90 high if the bullish momentum sustains.<\/span><\/p>\n

Bears may seek to push the price back to the $3.15 support level in an attempt to correct prices.<\/span><\/p>\n

A breach of this support level could prompt bulls to look for a safe haven around $2.10.<\/span><\/p>\n

Investors may also want to consider the BTCETF token, which has gained significant momentum and offers a compelling alternative to FTT.<\/span><\/p>\n

BTCETF Token: Buy Fast, Just 6 Hours To Price Hike<\/span><\/h2>\n

The BTCETF Token<\/span><\/a> has raised $3.7 million in funding and is rapidly approaching its $3.86 million target. BTCETF tokens are offered at a reduced rate of $0.0066 but will increase in price in just six hours.<\/span><\/p>\n

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Only 24 hours left for Stage 9 of #BitcoinETF<\/a>! ⏳ Keep watching! pic.twitter.com\/dePQZC7oKm<\/a><\/p>\n

— BTCETF_Token (@BTCETF_Token) December 13, 2023<\/a><\/p><\/blockquote>\n