FTT Price Prediction: FTX’s Creditor Payout Incoming
For FTX tokens (FTT) holders, the upcoming day will be very interesting because the FTX digital market announces that it will reimburse its creditors. February 4, 2025, Ftx creditor An article shared on X (previously Twitter), pointing out that FTX will soon repay its creditors, which seems to be a great relief for those who lose their assets in November 2022.
Traders and investors have improved their interest in FTT
After updating X, investors and traders have shown strong interest and confidence in the FTT token, as shown by CoinMarketcap. The current transaction price of the tokens is close to $ 2, and the price has risen more than 4.5 % in the past 24 hours. This price has soared after the creditor’s repayment announcement.
In addition, during the same period, due to the significant participation of traders and investors, the transaction volume showed impressive recovery.
FTT worth $ 2.05 million
Data from chain analysis company Small shop It is revealed that long -term holders and investors have begun to accumulate token. Data of spot inflow/outflow shows that in the past 48 hours, exchanges have witnessed the outflow of FTT tokens worth 2.05 million US dollars, which indicates potential accumulation.
In this case, a large number of exits of this communication indicate that there is an ideal purchase opportunity and may cause purchase pressure and further rising rally.
FTT price action and key level
According to the recent price action, FTT has traded between two weeks in the merger zone transaction within two weeks, between $ 1.84 and $ 2.30, and is currently in the lower boundary of the area.
Based on the historical price momentum, if the price of the tokens is higher than $ 1.83, the possibility of FTT is very strong and can reach a level of $ 3.90 in the future. However, before reaching this level, its resistance is US $ 2.30 and $ 2.75, which may cause obstacles to achieve predictive targets.
At present, the overall cryptocurrency market’s emotions seem to be recovering, and the latest update of creditors may benefit the FTT token.
