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FTX Token (FTT): How Does it Rank Saturday on Long-Term Trading Metrics?

Saturday, August 13, 2022 03:35 PM | InvestorsObserver Analysts
FTX Token (FTT): How Does it Rank Saturday on Long-Term Trading Metrics?

InvestorsObserver gives FTX Token a strong long-term technical score of 94 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. FTT at this time has a superior long-term technical analysis score than 94% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

Long-Term Technical - 94
InvestorsObserver is giving FTX Token a 94 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on FTX Token!

Trading Analysis

The current trading price of $31.310000000 for FTT is $2.8900000 (10.17%) above the tokens 100-day moving average of $28.420000000. FTT meanwhile is $10.1500000 (95.99%) above its 52-week low of $21.150000000 and -$53.71000000 (25.06%) under its 52-week high price of $85.020000000. FTX Token's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 94. The price movement and range of FTT suggest that investors are neutral on the token at this time. FTX Token has a market capitalization of $4,213,907,457.86 and a relatively high average daily volume with $2,286,365,397.54 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, FTT's volume is below its seven day average with 326,098,423.02 exchanged. This token's subclass Derivatives: Derivatives are contracts or financial tools that derive value from an underlying asset. Derivatives can be used to hedge against volatility and price swings or can be a tool for investors to speculate on the future price of the underlying asset. The most popular derivatives in the crypto market are futures, options, and perpetual contracts.

Summary

Technical analysis of FTX Token over the past year results in the crypto receiving a a strong long-term technical score of 94 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on FTX Token (FTT).

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