FTT Price Rises as FTX Sets Repayment Date in February | Airdrop Alert Pro

The price of FTX Token (FTT) comes after news that the exchange will start paying to Bahamas creditors on February 18. Despite this positive development, FTT is working to keep the level above $2 as technical indicators show mixed signals.

although RSI Having recovered from oversold conditions, while bullish momentum is building, ADX remains weak, suggesting that the strength of the trend has not been fully determined. If FTT can break the key resistance level, it may be promoted to $3. However, failure to maintain current support may result in deeper callbacks.

ftt downward trend is losing steam, but the upward trend is still consolidating

FTT DMI diagram It shows that its ADX has dropped to 23.4, down to 23.4 from 41 four days ago. This decline indicates that the intensity of the previous downward trend is weakening.

ADX measures trend intensity but does not indicate direction. This means that while FTT is trying to form an uptrend, the lower ADX suggests that the momentum behind the move is not strong yet.

If ADX is further below 20, it may indicate consolidation, while rebounding above 25 indicates an enhanced trend.

ADX is a key part of the Directed Motion Index (DMI) that tracks trend intensity. Values ​​above 25 indicate a strong trend, with a reading below 20 indicating weak price or indecisiveness.

at the same time, ftx token +di soared to 27.7 in just one day, indicating an increase in bullish pressure, while -di’s pressure dropped from 26.5 to 15.3, indicating that bearish momentum is gradually disappearing.

+di mobile crossovers support uptrend situations. If ADX starts to rise again, FTT may see a stronger bullish continuation, but if ADX is still weak, then the price may struggle to gain momentum.

FTT RSI It is rising rapidly

FTT’s relative strength index (RSI) is currently at 59.2, and it was announced that FTX will rise significantly on the 22nd day high three days ago Payment of Bahamas creditors starting February 18.

This dramatic increase shows that buying pressure has recovered under FTT’s overselling conditions. RSIs below 30 usually indicate assets exceeding and should match FTT’s recent price recovery due to the rebound.

Now close to level 60, the momentum is becoming more optimistic ftx token A higher speed is still needed to confirm a strong upward continuation.

RSI is a momentum indicator that measures the strength and speed of the price cap from 0 to 100. Readings above 70 indicate that the asset is too high, possibly due to a callback, while readings under 30 indicate conditions beyond the reach and potential price recovery.

FTT’s RSI is now 59.2, which is close to overbought territory but still has room to climb. If the RSI exceeds 60, it may indicate further bullish momentum. However, if it starts to drop, FTT may merge before taking the next move.

FTT Price Forecast: Can FTT rise to $3 in February?

The EMA line of the FTX token shows that its short-term moving average is still Long-term But gradually move upwards. If they exceed long-term EMA, it will form a golden cross. This is a bullish signal that can push FTT to the next resistance level at a price of $2.32 to $2.44.

Successful breakthroughs above these levels can open the door to further increase by $2.77. Also, the surrounding guess Donald Trump may pardon FTX co-founder Sam Bankman Fried It could trigger a surge in FTT prices, pushing it to $3 or even $4.

On the other hand, if FTT Price Failure to establish an uptrend, it may be difficult to maintain its current level. Support for a drop to $1.89 may indicate weak momentum. If that level is lost, the token may be as low as $1.50.

As the EMA line is still in a bearish setting, the market is still at a critical point where a confirmed breakthrough or a deeper pullback may unfold.