cryptocurrency

FTX Token (FTT) Price Prediction 2022 – Will FTT Hit $75 Soon?

  • Bullish FTT price forecast is $32.50 to $70.33.
  • The price of the FTX Token (FTT) may also reach $75 soon.
  • The bearish FTT price prediction for 2022 is $21.08.

In our FTX Token (FTT) Price Prediction for 2022, we use statistics, price patterns, RSI, RVOL and other information about FTT to analyze the future movement of the cryptocurrency.

FTX Token (FTT) Current Market Status

according to Queen GekkoThe price of the FTX Token (FTT) is $28.94 with a 24-hour trading volume of $40,516,072 at the time of writing. However, FTT has decreased by about 4.5% in the last 24 hours.

Furthermore, the FTX Token (FTT) has a circulating supply of 134,454,978 FTT. Currently, the FTX Token (FTT) is traded on crypto exchanges such as Binance, FTX, WhiteBIT, Huobi Global, and FMFW.io.

What is the FTX (FTT) token?

FTX Token (FTT) is the original instrument token of FTX, Central Exchange (CEX). Founded by famous crypto exchange Sam Bankman-Fried and Gary Wang. FTT was initially launched as an ERC-20 token in May 2019. The exchange token is compatible with Ethereum, Binance Smart Chain (BSC), and Solana blockchain.

FTX Token (FTT) is a deflationary token. That is, the supply will decrease over time and eventually the increased demand will increase its value in the market. FTT is used as a trading fee on the exchange and users can earn rewards as they stack up.

FTX Token (FTT) Predict 2022 . Price

FTX Token (FTT) occupies the 23rd position on CoinGecko at the moment. The FTT price forecast for 2022 is explained below with a daily time frame.

The above chart of FTT plotted a rising wedge pattern. A rising wedge is sometimes seen as a bearish chart pattern that indicates a trend reversal after an uptrend. The rising wedge is said to indicate a possible negative breakout. The pattern, like the previous wedges, widens near the bottom and then contracts as the price rises and the trading range narrows.

Currently, the FTX Token (FTT) is around $28.94. If the pattern continues, FTT price may reach the $32.91 and $42.30 resistance levels. If the trend reverses, FTT price could drop to $25.85 and $21.08.

Support and Resistance Levels for FTX Token (FTT)

The chart below shows the support and resistance levels for the FTX symbol (FTT).

FTTUSDT Support and Resistance Levels (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for the FTX Token (FTT).

  • Resistance Level 1 – $32.50
  • Resistance Level 2 – $40.07
  • Resistance Level 3 – $53.33
  • Resistance Level 4 – $70.33
  • Support Level 1 – $22.47

The charts show that the FTX Token (FTT) has conducted an upward trend over the past month. If this trend continues, FTT may work in tandem with the bulls breaking the resistance at $70.33.

Accordingly, if investors turn against the cryptocurrency, the price of the FTX Token (FTT) could drop to around $22.47, which is a bearish sign.

FTX (FTT) Token Price Prediction 2022 – RVOL, MA and RSI

The relative size (RVOL) of the FTX token (FTT) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of the FTT is below the cutoff line, indicating weaker participants in the current trend.

Also, the moving average (MA) of the FTX symbol (FTT) is shown in the above chart. Currently, FTT is in a bullish state. Notably, the price of the FTX Token (FTT) is above the 50 MA (short term), so it is quite in an uptrend. Therefore, there is a possibility of the FTT trend reversing at any time.

Meanwhile, the Relative Strength Index (RSI) for the FTT is 51.07. This means that the FTX Token (FTT) is neither overbought nor oversold. However, this means that a major FTT price reversal could occur in the coming days. Therefore, traders need to trade carefully.

FTX Token (FTT) Price Prediction 2022 – ADX, RVI

Let’s now take a look at the Average Directional Index (ADX) for the FTX symbol (FTT). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

The above chart represents the ADX indicator of the FTX symbol (FTT). Currently, the ADX for FTT is in the 14.51 range, so it indicates a weak trend.

The above chart also represents the Relative Volatility Index (RVI) of the FTX symbol (FTT). RVI measures the continuous deviation of price changes over a period of time. The RVI of the FTT is above 50, which indicates high volatility. In fact, the Relative Strength Index for the FTX Token (FTT) is at 51.07, confirming a possible sell signal.

Comparison of FTT, BTC and ETH

The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and FTT.

BTC vs ETH vs FTT Price Comparison (Source: betweenDrIngeview)

From the above chart, we can interpret that the trend of FTT is similar to that of BTC and ETH. When the price of BTC and ETH increases or decreases, the price of FTT rises or falls respectively.

FTX Token (FTT) Price Prediction 2023

If the price movement’s decline completely slows down in momentum and the trend reverses, the FTX Token (FTT) Maybe $110 by 2023.

FTX Token (FTT) Price Prediction 2024

With several network upgrades, FTX Token (FTT) may enter an upward trajectory. If the coin grabs the attention of major investors, the FT could soar as high as $200 by 2024.

FTX Token (FTT) Price Prediction 2025

If the FTX coin (FTT) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, the FTT will rise to $260.

FTX Token (FTT) Price Prediction 2026

If the FTX coin (FTT) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, the FTT will rise to $300.

FTX Token (FTT) Price Prediction 2027

If the FTX Token (FTT) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, the FTT will rise to $395.

FTX Token (FTT) Price Prediction 2028

If FTX Token (FTT) maintains a strong position as a better investment option for the next six years, it could see significant price hikes. Thus, by 2028, the value of the FTT will reach $460.

FTX Token (FTT) Price Prediction 2029

If investors flock and continue to place their bets on the FTX Token (FTT), this will see huge spikes. FTT could reach $490 by 2029.

FTX Token (FTT) Price Predictions 2030

With greater developments in the FTX ecosystem, the crypto community may continue to invest in the FTX Token (FTT) over the next eight years and drive the price of the token significantly higher. Thus, the price of the FTX Token (FTT) could reach $525 by 2030.

conclusion

With continuous improvements in the FTX token Grid, we can say 2022 is a good year for FTT. For this reason, the bullish price forecast for the FTX token (FTT) in 2022 is $70.33. On the other hand, the bearish price forecast for the FTX (FTT) token for 2022 is $21.08.

Moreover, with the advancements and upgrades of the FTX Token ecosystem, the performance of the FTT will help reach an all-time high (ATH) at $84.18 very soon. But, it could also be as high as $75 if investors think FTT is a good investment in 2022.

Instructions

1. What is the FTX token (FTT)?

The FTX token (FTT) is the utility token of FTX, a centralized exchange (CEX). FTX and its deflationary token FTT were launched in May 2019.

2. Where can you buy FTX Token (FTT)?

The FTX Token (FTT) is listed on several cryptocurrency exchanges including Binance, FTX, FMFW.io, WhiteBIT, and Huobi Global.

3. Will a new FTX (FTT) token arrive in a new ATH soon?

With the constant developments and updates within the FTX platform, FTX Token (FTT) has a high potential to reach ATH soon.

4. What is the current highest price (ATH) for the FTX token (FTT)?

On September 09, 2021, the FTX token (FTT) reached a new all-time high (ATH) at $84.18.

5. Is FTX Token (FTT) a good investment in 2022?

The FTX Token (FTT) appears to be one of the most profitable cryptocurrencies this year. According to FTX’s recorded achievements in the past few months, FTT is a good investment in 2022.

6. Can a FTX Token (FTT) be worth up to $75?

The FTX token (FTT) is one of the active cryptocurrencies that continues to maintain its bullish state. Ultimately, if this bullish trend continues, FTX Token (FTT) will reach $75 soon.

7. What is the price of FTX Token (FTT) by 2023?

The price of the FTX Token (FTT) is expected to reach $110 by 2023.

8. What will be the price of FTX Token (FTT) by 2024?

The price of the FTX Token (FTT) is expected to reach $200 by 2024.

9. How much will the FTX Token (FTT) cost by 2025?

The price of the FTX Token (FTT) is expected to reach $260 by 2025.

10. What will be the price of FTX Token (FTT) by 2026?

The price of the FTX Token (FTT) is expected to reach $300 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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