FTX Token (FTT): How Does the Chart Look Monday?

Monday, August 08, 2022 03:10 PM | InvestorsObserver Analysts

FTX Token receives a strong long-term technical score of 67 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, FTT holds a superior long-term technical analysis score than 67% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving FTX Token a 67 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on FTX Token!

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Trading Analysis

FTT is currently $2.8400000 (9.85%) above its 100-day moving average price of $28.800000000 with its current price of $31.630000000. Meanwhile, FTX Token is $10.4800000 (97.53%) above its 52-week low price of $21.150000000 and -$53.39000000 (25.44%) below its 52-week high of $85.020000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 67. Trends for the long-term trading history of FTX Token suggest that traders are currently neutral on the token. FTX Token has a total market value of $4,260,813,363.94 with an high average daily volume of $526,132,127.66 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, FTT's volume is below its average with $68,755,581.24 exchanged in total. 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 67 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).