Has FTT token found the bottom yet?
FTT is the biggest loser today, falling by more than 30% over the past 24 hours.
On the daily chart, FTT has broken the last support level at $21.03 against the increased volume. Currently, there are no reversal signals, as the bar is about to close with a small or even no wick.In this case, the more likely scenario is a further decline to the psychological zone around $10. On the weekly time frame, one should pay attention to the mirror level at $12.94. From the technical point of view, that might be the first stop at which bulls can locally seize the initiative. However, this can happen only if the approach to the level will be fast enough to create a false breakout.
Analyzing the weekly chart against Bitcoin , one should point out the support level at BTC 0.0006949. It is the far retest level at which a bounce back might happen. In this case, a correction can lead to an upward move to the BTC 0.00080 zone.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX Token (FTT) in Desperate Position: Crypto Market Review, November 7$FTT does not feel so good after 16% plunge, and Alameda still was not able to drag it upward
Read more »
DOGE and SHIB Price Analysis for November 6Can DOGE show a similar rise to SHIB? Dogecoin dogecoin jasdoge DogecoinMemes RacerDoge crypto cryptocurrency doge
Read more »
Bitcoin (BTC) Price Analysis for November 6Can BTC fix above $21,000 by the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Read more »
BTC and ETH Price Analysis for November 8Have the top coins reached the oversold zone yet? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum sassal0x
Read more »
BTC and ETH Price Analysis for November 7Have the top coins returned to the bearish zone? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Read more »