FTX Token Price Lifts off 18% Intraday: Is the Downtrend Over?

FTX Token Price Lifts off 18% Intraday: Is the Downtrend Over?

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FTX crypto noted swift gains in the past two intraday sessions.  
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FTT/USD chart technical outlook shows that the price rebounded from the 200-Day EMA, highlighting positivity. 
FTX token price lifted off nearly 18% in intraday, confirming the presence of bulls at the lower levels. The price noted swift gains in the past two intraday sessions after a drop indicating a build-up of positive bias.
The bulls dominated from the early morning today and continued to thrust the price higher, surpassing the key 200-Day EMA. The bulls have reclaimed their dominance at the lower levels. 
The crypto is currently trading near the 50-Day exponential moving average surpassing above the 200-Day EMA and 20-Day EMA. The price has some more room on the upside however, it requires the breakout of the 50 EMA. 
FTX token is an ERC-20 compatible exchange token. It offers trading in various sections such as futures, leveraged tokens, and OTC trading. It is the backbone

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