The FTX token price lost 4% over the last 24 hours, trading at $1.65. Trading volume spiked 214% to reach $96 million. This decline followed a brief uptick on Monday spurred by a tweet from Sam Bankman-Fried.
Recent FTT Price Movement
The FTX token (FTT) price dropped 4% after a brief surge triggered by social media activity from Sam Bankman-Fried. His first tweet in two years sparked discussions within the crypto community.
FTT Price Chart Analysis
The FTT price chart indicates a significant bearish formation—the Head and Shoulders pattern. This is known as a trend reversal signal, suggesting a potential further decline in the FTX token price.
FTX Price Prediction and Other Crypto News
If FTT falls below the key $1.65 level, the Head and Shoulders model suggests a possible drop to the $1.20–$1.30 region. Meanwhile, the new BTC Bull Token is gaining traction among investors.
The observed FTT price decline is a critical indicator for investors watching developments in crypto markets. Other new tokens and their prospects also deserve attention.
