1
The total number of active wallet addresses of FTX token have decreased significantly, indicating a drop in the number of users.
2
The FTT crypto suffered rejection from the 200-Day EMA and dropped lower.
The FTX Token price is extending the losses on Monday after failing to gain buyers’ trust above the 200-Day EMA yesterday. The price suffered rejection from the 200-Day EMA and dropped lower, suggesting the presence of bears near the 200-Day EMA.
Moreover, the recent session saw the domination of buyers after the price took a rebound from the previous breakout zone of $1.6 level. The FTT crypto topped out near $5.66 in mid-December and dropped lower thus entering a correction phase.
Since December, the buyers have been on the losing side as the price dropped steadily, forming lower highs. FTX token price has eroded nearly 60% from the December 2023 highs.
Currently, the FTT price is experiencing a correction phase and has been a
We współpracy z: https://www.thecoinrepublic.com/2024/03/11/ftx-token-price-recovers-is-ftt-a-sell-on-rise-opportunity/
