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FTT Token price forecast demonstrates the downside of the price on the daily timeframe.
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The FTX token price broke below the key moving averages, showcasing bearishness on the daily chart.
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Bears are looking aggressive in previous trading sessions and dominating bulls.
The FTT crypto price is facing strong bearish pressure on the daily frame technical charts, as it is trading below the 50, 100, and 200-day EMAs. The crypto has failed to break above its prominent resistance levels near the $6 level in the past few months, despite several attempts by bulls.
The company’s performance could have been better throughout the year. It has bore negative returns of 47.32% in the year-to-date period, gained by 40.89% in the last six months, down by 39.28% in the last month, and 29.44% in the last week. That shows a long bearish trend that continued till now.
FTT price forecast suggests that the crypto is in the firm grip of the sellers and n
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