FTX Price Prediction Today, November 17, 2022: FTT/USD Slips Lower

Price activity in the FTX market has slipped lower to $1.8165 from $1.9812. However, from trading indicators, this might just be a minor downward retracement and the price may recover toward the $2.00.

FTX’s Forecast Statistics Data
FTT price: is $1.8165
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: $1.8165, $1.8190 $1.8220
Support Marks: $1.8145 $1.8125, $1.8100

FTX Price Prediction Today, November 17, 2022: FTT/USD Appears Weak

FTT/USD  dips downwards from near the $2.00 price level. This is happening when hopes of breaking the resistance $2.00 seem more likely. Price action stays way below the MA lines, with the last price candle pulling the lower. Furthermore, the Stochastic indicator lines seem to be sticking to their upside bearing following a bullish crossover in the oversold. However, the RSI lines are still very close to each other, and they are still deep in the oversold. Consequently, this portrays that the trend is still weak.

FTX Price Prediction Today, November 16, 2022: FTT/USD Market Is Undecided

Here on the four hours FTT/USD market we perceive that this market seems to be largely consolidating. The latest price candle appeared in the favor of the buyers, and it somehow aligned price to be approximately at the same level as the MA line. However, contrary to what the last price candle implies is the behavior of the Stochastic RSI. The line of this indicator appears to be slipping down toward the 75 level. Consequently, this portrays a downtrend. But it is important to note that since RSI is still above the 75 level, and FTX price may soon recover and move towards and above $2.00.

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