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FTX crypto price was trading at $3.56597591 at press time, showing a 19.71% rise in the last 24 hours with a current market cap of $1.185 Billion.
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Technical indicators suggest the bounce back of FTX crypto.
FTX crypto price is facing strong bullish pressure on the daily technical charts, as it is trading above the 50 and 100-day EMA. The crypto successfully broke above its key resistance levels and took a pullback, despite several bearish attempts by sellers.
The crypto is currently trading near 200 EMA, with a marginal gain of 19% in the intraday session. The crypto has a potential upside target of $4.00, but it needs to overcome the bears and surge above the 200-day EMA. The crypto has a support level of $2.949088, which could prevent further downside.
The crypto is slipping from the firm grip of the bears but needs to show some signs of reversal before a bullish trend can be confirmed.
The technical indicators favor the bulls projecting an optimis
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