๐จ $FTT just exploded 33% in 24 hoursโฆ and the crazy part is the volume.
#ftt trading volume jumped a massive 2,187% to around $26.6M as traders suddenly rushed back into the token. ๐
The move looks mostly driven by speculative money and the wider altcoin rotation, because there wasnโt any major fundamental catalyst behind this pump.
But the chart is getting interesting.
FTT broke out of a multi-month descending channel and reclaimed the $0.2523 resistance. Now itโs trading around $0.30, with $0.3464 sitting as the next major resistance.
If buyers can hold the breakout and defend $0.28, another push toward $0.3464 becomes possible. ๐ฅ
BUTโฆ thereโs a warning.
Daily RSI is already around 80, meaning FTT is heavily overbought after this vertical move. Also, exchange netflow recently turned strongly positive, with around $619K flowing into exchanges.
That means fresh supply could hit the market if speculative demand starts cooling.
So Iโm watching two levels closely:
$0.28 = breakout support ๐ข
$0.3464 = next major resistance ๐
Lose $0.28 and $0.2523 could come back into play.
FTT has momentum right now, but after a 33% pump, chasing blindly can be dangerous. ๐
#pump #volume
#ftt trading volume jumped a massive 2,187% to around $26.6M as traders suddenly rushed back into the token. ๐
The move looks mostly driven by speculative money and the wider altcoin rotation, because there wasnโt any major fundamental catalyst behind this pump.
But the chart is getting interesting.
FTT broke out of a multi-month descending channel and reclaimed the $0.2523 resistance. Now itโs trading around $0.30, with $0.3464 sitting as the next major resistance.
If buyers can hold the breakout and defend $0.28, another push toward $0.3464 becomes possible. ๐ฅ
BUTโฆ thereโs a warning.
Daily RSI is already around 80, meaning FTT is heavily overbought after this vertical move. Also, exchange netflow recently turned strongly positive, with around $619K flowing into exchanges.
That means fresh supply could hit the market if speculative demand starts cooling.
So Iโm watching two levels closely:
$0.28 = breakout support ๐ข
$0.3464 = next major resistance ๐
Lose $0.28 and $0.2523 could come back into play.
FTT has momentum right now, but after a 33% pump, chasing blindly can be dangerous. ๐
#pump #volume
