Is Momentum Changing for FTX Token? Price Just Crossed Above Its 20 Day Moving Average

The Hourly View for FTX Token

  • At the moment, FTT’s price is down $-0.2 (-0.44%) from the hour prior.
  • The hourly chart shows that FTX Token has seen 2 straight down hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

FTX Token’s hourly price chart is shown below.

FTT

The Daily View for FTX Token

  • Currently, FTT’s price is down $-3.92 (-7.9%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, with price now being below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Below is a daily price chart of FTX Token.

FTT

The Latest From FTT’s Blockchain

  • FTT has a count of active addresses of 744, up 16.8% from its value day prior.
  • Over the past 29 weeks, the trend for FTT’s average transaction value has been choppy and unclear. It has oscillated between 152.6895 and 229363.1075.
  • For FTT, its average transaction value is now at 3637.8735.

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