How Will FTX Repayment Impact The FTT Price?
According to the latest update, FTX Exchange will repay creditors starting February 18, 2025 (tomorrow). Wallets that owe less than $50,000 will be funded within 3 working days, it is reported. In this way, an important step in the long road to recovery has begun.
With a strong bullish breakthrough and ongoing repayment plans, will the FTT cryptocurrency price record a new 52 weeks in this Altcoin market? In this article, our short-term market sentiment and possible FTX token price analysis at Coindeia are only for you!
FTT price record improves price volatility!
The price of FTX token has increased 2.13% over the past 24 hours, with trading volume of $24.967 billion. In addition, it has risen by 15.13% over the past seven days. This highlights the increased buying pressure on alternative tokens in the cryptocurrency market.
The relative intensity index (RSI) records a sharp drop above the neutral point in the daily time range. However, its technical indicators show a positive rise, indicating that the prices of alternative tokens in the cryptocurrency market are mixed with prices.
On the other hand, EMA 50/200 Day witnessed the death cross in the FTX token price chart. This indicates the rise in uncertainty in the 94th largest crypto token.
How high will the FTX price be?
Assuming the Bulls keep the FTT price at its support level of $2.2050, this could result in its resistance level of $2.8360. Additionally, if bullish sentiment intensifies, the FTX token may be heading towards its cap of $3.50.
Conversely, if a trend reversal occurs, the FTT coin price may break down its immediate support level of $2.2050. Additionally, if bearish sentiment intensifies, the altcoin could fall to a crucial support level of $1.58 this month.
Are you one of the answers to many questions that want to know about $5 for FTX tokens? Read the latest information about Coinpedia FTX Token Price Prediction today!
FAQ
According to the latest report, 98% of customers filed claims worth less than $50,000, and are expected to receive 118% of their claims value. It is worth noting that the calculation will be processed based on the cryptographic price as of November 11, 2022.
If bullish momentum is maintained, FTT prices may reach maximum trading value $5.50 This year.
When writing, the value of a ftt token is $2.2172.
