FTT/USD Attracting Minimal Offers Near Support at 1.1237

Very recently FTX price Fell through multiple support levels to near 1.1237. On reaching this support, it appears some buying activities as resumed, and this may be due to the activities of dip buyers.

FTX’s Forecast Statistics Data
FTT price: is $1.9812
FTT market capitalization: $554 million
FTX circulating supply:  338.90 million
FTX Total supply: 338.90 million
FTT Coinmarketcap ranking: #209

Important Price Marks:
Resistance Marks: $1.9812, $1.9832 $1.9860
Support Marks: $1.9792 $1.9772, $1.9750

FTX Price Prediction Today, November 16, 2022: FTT/USD Inching Upwards

Price action on the FTT/USD daily market took a deep dive towards lower levels. And, following this, the FTX token has only been gathering transient profit near the support of $1.2237. Nevertheless, in recent trading period, it appears that buying is exceeding selling regardless of the magnitude. This can be seen as two consecutive green candles have formed on this price chart. Additionally, we can see that the Moving Average Convergence Divergence indicator seems to be adjusting to the new development. However, Unless some massive buying occurs price action in this market is far from recovering its lost support. Therefore Traders can only expect FTX to gather minimal profits in the meantime.

FTX Price Prediction Today, November 16, 2022: FTT/USD Stays Consistent With Minimal Profits

Progressing to the 4-hour FTX/USD market, the recorded profit looks a bit significant. In this market, it appears that Buyers have been a bit consistent with buying, and as such has maintained the upper hand. Furthermore, price action has made it above both the 9 and 21-.day Moving Average curves. Consequently, this may further strengthen buying pressure as traders may draw more confidence to continue going long due to this. Also, the histogram of the MACD is now growing on the positive side of the indicator to indicate a gain in upward momentum. But, going by the size of the histogram, we may predict that the upward strength is weak. And this implies minimal gain in upward momentum. Therefore, Traders may expect the price to test the $2.00 price level.

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