FTX Token (FTT) Shows 6% Rally as Bullish Momentum Builds Above Key Support
Rongchai Wang Sep 13, 2025 12:12
FTT price surges 6.12% to $0.85 with bullish MACD divergence signaling potential upside momentum ahead despite neutral RSI readings at current levels.
Quick Take
• FTT currently trading at $0.85 (+6.12% in 24h) • FTX Token's MACD histogram shows bullish momentum building • No significant news events driving current price action
What's Driving FTX Token Price Today?
The FTT price movement appears to be driven primarily by technical factors rather than fundamental news, as no significant events have emerged in the past week. The 6.12% surge suggests renewed buying interest in FTX Token, with the trading range spanning from $0.80 to $0.87 over the past 24 hours.
FTX Token's 24-hour volume on Binance spot reached $1.27 million, indicating moderate but sustained trading activity. This price action comes as the broader cryptocurrency market shows generally bullish sentiment, with traders potentially viewing FTT as an opportunity given its significant discount from 52-week highs.
FTT Technical Analysis: Mixed Signals with Bullish Momentum Building
The FTX Token technical analysis reveals a complex picture with several key indicators pointing in different directions. FTT's RSI currently sits at 53.87, placing it firmly in neutral territory and suggesting room for movement in either direction without being overbought or oversold.
The most compelling signal comes from FTX Token's MACD indicator, which shows a histogram reading of 0.0082 - a bullish momentum signal that suggests the recent price weakness may be reversing. While the MACD line remains negative at -0.0192, the positive histogram indicates momentum is shifting in favor of buyers.
FTX Token's moving averages present a mixed outlook. The current FTT price of $0.85 trades above both the 7-day and 20-day SMAs at $0.81, but remains below the critical 50-day SMA at $0.88 and significantly under the 200-day SMA at $1.01. This positioning suggests FTX Token is in a short-term recovery phase but faces significant overhead resistance.
The stochastic oscillator shows FTT's %K at an elevated 86.41, indicating the token may be approaching overbought conditions in the near term. However, with %D at 64.63, there's still potential room for upward movement before hitting extreme levels.
FTX Token Price Levels: Key Support and Resistance
Based on Binance spot market data, FTX Token faces immediate resistance at $0.91, which aligns closely with the Bollinger Bands upper limit at $0.88. A break above this level could open the path toward the strong resistance zone at $1.07.
FTX Token support levels appear well-defined, with immediate support at $0.76 coinciding with the strong support level. This creates a relatively tight range for traders to monitor. The Bollinger Bands lower band at $0.75 provides additional confirmation of this support zone.
The FTT/USDT pair's current position at 0.7996 on the Bollinger Bands %B indicator suggests the token is trading in the upper portion of its recent range, supporting the case for potential near-term consolidation or pullback before another move higher.
Should You Buy FTT Now? Risk-Reward Analysis
For short-term traders, the current FTT price setup offers a reasonable risk-reward proposition. With support clearly defined at $0.76 and immediate resistance at $0.91, traders could consider entries near current levels with tight stop-losses below the support zone.
Swing traders might wait for a pullback toward the $0.81 level where both the SMA 20 and EMA 12 converge, offering better entry points with similar upside targets. The FTX Token technical analysis suggests patience could be rewarded with more favorable risk-adjusted returns.
Long-term investors should consider that FTT remains significantly below its 52-week high of $3.39, trading at roughly 75% below peak levels. However, the token has established a clear base above its 52-week low of $0.72, suggesting the worst of the selling pressure may have subsided.
The Daily ATR of $0.04 indicates moderate volatility, meaning position sizing should account for potential daily swings of approximately 5% in either direction.
Conclusion
FTX Token's current price action suggests a potential shift in momentum, with the FTT price showing resilience above key support levels while building bullish divergence in momentum indicators. The 6.12% rally brings FTT to a critical juncture where a break above $0.91 could signal the beginning of a more substantial recovery toward the $1.07 resistance zone. Traders should monitor the FTX Token support levels closely, as a failure to hold $0.76 could signal a return to the recent lows and potentially test the 52-week low support area.
Image source: Shutterstock.jpg)