Scam cryptocurrency exchange FTX announced the possibility of a restart. Such information feeds are an excellent opportunity for those who have these coins to achieve minimal losses in the future.
Representatives of FTX said that the crypto firm returned approximately $7.3 billion in liquid assets. Also, in a number of countries, funds are being slowly returned to affected users.
🔍 Only by going deeper into the news you can read an important detail. The relaunch of the exchange is planned for 2024. Now you can perfectly throw positive news to the crowd on the FTX account to accelerate the price of the FTT token.
As we said on the day of the scam on this exchange, we recommend not buying this token ever in the future. But for those who still have these tokens left, it may be possible to sell them at a minimal loss
📈 Technical analysis
After a crushing collapse, the coin went to trade in a wide sideways range of $0.83 - $2.68. Moreover, the volume profile already indicates a huge trading volume at current levels. The price is unlikely to go beyond the sideways upwards in the near future. Most likely, the price will continue to trade within this range for many more months, and if FTX continues to throw positivity into the market, then the upward exit from this consolidation could be very strong. Above the current range there is emptiness and the price could easily go down to the psychological level of $10 in the next couple of years.
For those who bought a coin at high levels, it makes sense to wait for the price to rise to $10 and then sell everything at the minimum possible loss. You'll just have to wait a long time. But it makes sense for speculators to play around in the current trading range.
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