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FTX Token (FTT) Price Prediction 2022 – Will FTT Hit $55 Soon?

FTX Token (FTT) Price Prediction 2022 – Will FTT Hit $55 Soon?

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  • The bullish FTT price forecast is $32.50-$53.33.
  • The price of FTX Token (FTT) may also rise to $55 soon.
  • The bearish FTT price forecast for 2022 is $22.47.

FTX Token (FTT) Price Prediction 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 CoinGecko, FTX Token (FTT) is trading at $27.23 with a 24-hour trading volume of $49,139,717 at the time of writing. However, the financial transaction tax has increased by almost 1.4% in the last 24 hours.

Additionally, FTX Token (FTT) has a circulating supply of 134,088,740 FTT. Currently, FTX Token (FTT) trades on cryptocurrency exchanges such as Binance, FTX, Huobi Global, KuCoin and Gate.io.

What is FTX Token (FTT)?

FTX Token (FTT) is a native auxiliary token of FTX, a centralized exchange (CEX). This remarkable crypto exchange was founded by Sam Bankman-Fried and Gary Wang. FTT was originally launched as an ERC-20 token in May 2019. The token is compatible with Ethereum, Binance Smart Chain (BSC) and Solana blockchain.

FTX Token (FTT) is a deflation token. In other words, its supply will decrease over time, and eventually increasing demand will increase its value in the market. FTT is used as an exchange trading fee and users can earn rewards by staking it.

FTX Token (FTT) Price Prediction 2022

FTX Token (FTT) is currently ranked 26th on CoinGecko. The FTT price forecast for 2022 is explained below with a daily time frame.

FTT/USDT descending channel model (Source: Trading view)

The FTX Token (FTT) chart above presented a descending channel, also known as a falling channel. A descending channel consists of two parallel trend lines. The upper trendline connecting the highs and the lower trendline connecting the lows run parallel downwards. This pattern is characteristic of bear markets.

Currently, FTX Token (FTT) is in the region of $27.34. If the pattern continues, the price of FTT may reach the resistance levels of $27.96, $30.05 and $32.42. If the trend reverses, the price of FTT may fall to $26.44 and $25.06.

FTX Token (FTT) support and resistance levels

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

FTT/USDT support and resistance levels (Source: TradingView)

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

Resistance level 1 $32.50
Resistance level 2 $40.07
Resistance level 3 $53.33
Support level $22.47
FTT/USDT support and resistance levels

The charts show that FTX Token (FTT) has risen over the past month. If this trend continues, the FTT may go along as the bulls break past its resistance level at $53.33.

Thus, if investors turn against the crypto, the price of FTX Token (FTT) may drop to close to $22.47, which is a bearish signal.

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

The relative volume (RVOL) of FTX Token (FTT) is shown in the table below. It is an indication of how the current trading volume has changed over a period of time since the previous trading session. Currently, FTT’s RVOL is below the cutoff line, indicating weaker participants in the current trend.

The moving average (MA) of FTX Token (FTT) is also shown in the chart above. Currently, FTT is on the rise. In particular, the FTX Token (FTT) price is above 50 MA (short-term), so it is fully in an uptrend. Therefore, the trend of the financial transaction tax can change at any time.

Meanwhile, FTT’s relative strength index (RSI) is 50.43. This means that FTX Token (FTT) is almost in an overbought state. However, this means that the price of the financial transaction tax may change significantly in the coming days. So traders should trade carefully.

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

Now let’s take a look at the Average Directional Index (ADX) of FTX Token (FTT). It helps measure the overall strength of the trend. The indicator is the average of the values ​​of the expanding Price Category. This system tries to measure the strength of price movement in positive and negative direction using DMI indicators with ADX.

The chart above represents the ADX of FTX Token (FTT). Currently, FTT’s ADX is in the range of 17.17, thus indicating a weak trend.

The chart above also shows the Relative Volatility Index (RVI) for FTX Token (FTT). RVI measures the constant deviation of price changes over a certain period of time. FTT’s RVI is above 50, indicating high volatility. In fact, FTX Token (FTT) RSI is at 50.43, confirming a potential sell signal.

Comparison of FTT to BTC, ETH

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

BTC vs ETH vs FTT price comparison (Source: BetweendingView)

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

FTX Token (FTT) Price Prediction 2023

If the bearish price action slows completely and the trend reverses, FTX Token (FTT) may reach $65 by 2023.

FTX Token (FTT) Price Prediction 2024

With several updates online, FTX Token (FTT) may go on an upward trend. If the coin catches the attention of large investors, FTT could reach $75 by 2024.

FTX Token (FTT) Price Prediction 2025

If FTX Token (FTT) maintains high resistance levels and continues to be recognized as a better investment option among investors for the next three years, FTT will rise to $85.

FTX Token (FTT) Price Prediction 2026

If FTX Token (FTT) maintains high resistance levels and continues to be recognized as a better investment option among investors for the next four years, FTT will rise to $95.

FTX Token (FTT) Price Prediction 2027

If FTX Token (FTT) maintains high resistance levels and continues to be recognized as a better investment option among investors for the next five years, FTT rose to $105.

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 may witness significant price increases. Thus, by 2028, FTT would reach $115.

FTX Token (FTT) Price Prediction 2029

If investors rally and continue to bet on FTX Token (FTT), it would see major spikes. FTT may rise to $125 by 2029.

FTX Token (FTT) Price Prediction 2030

As the FTX ecosystem becomes more developed, the crypto community may continue to invest in FTX Token (FTT) for the next 8 years and cause significant price rallies for the token. Thus, FTX Token (FTT) may reach $135 by 2030.

Conclusion

With continuous improvements of FTX Token It can be said that 2022 will be a good year for FTT. Hence, the FTX Token (FTT) rising price forecast in 2022 is $53.33. On the other hand, the bearish price forecast for FTX Token (FTT) price forecast for 2022 is $22.47.

Moreover, with the advancements and upgrades in the FTX Token ecosystem, FTT’s performance would help it reach its current all-time high (ATH) of $84.18 very soon. But it could also be $55 if investors believe FTT is a good investment in 2022.

FAQ

1. What is FTX Token (FTT)?

FTX Token (FTT) is an auxiliary token of FTX, a centralized exchange (CEX). FTX and its deflation token, FTT, were launched in May 2019.

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

FTX Token (FTT) is listed on many crypto exchanges including Binance, FTX, Huobi Global, KuCoin and Gate.io.

3. Will FTX Token (FTT) hit a new ATH soon?

Due to the continuous development and updates of the FTX platform, FTX Token (FTT) has a high chance to reach ATH soon.

4. What is the current All Time High (ATH) for FTX Token (FTT)?

On September 9, 2021, FTX Token (FTT) reached a new all-time high (ATH) of $84.18.

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

FTX Token (FTT) seems to be one of the most profitable cryptocurrencies this year. Based on FTX’s achievements in recent months, FTT is considered a good investment in 2022.

6. Can FTX Token (FTT) reach $55?

FTX Token (FTT) is one of the active cryptos that continues to rise. Finally, if this uptrend continues, FTX Token (FTT) will soon reach $55.

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

The FTX Token (FTT) price is expected to reach $65 by 2023.

8. What is the FTX Token (FTT) price by 2024?

The FTX Token (FTT) price is expected to reach $75 by 2024.

9. What will be the FTX Token (FTT) price by 2025?

The FTX Token (FTT) price is expected to reach $85 by 2025.

10. What is the FTX Token (FTT) price by 2026?

The FTX Token (FTT) price is expected to reach $95 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent investment advice. The NewsCrypto team encourages everyone to do their own research before investing.

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