$FTT has shown a significant price increase of 10.192% in the last 24 hours.
The 24h high of 0.8171 indicates strong bullish momentum, while the low of 0.7195 supports an uptrend.
Bollinger Bands are widening, suggesting potential for continued volatility; the price recently tested the upper band at 0.8029.
Current support is at 0.733, and resistance sits at 0.8171, creating a range for traders.
With macroeconomic concerns like inflation helping fuel interest, FTT may see short-term gains.
Bitcoin’s influence remains ambiguous, leaving FTT to potentially act independently.
Traders should adopt a short-term strategy to capitalize on volatility but remain cautious of market corrections.
Unless Bitcoin shows substantial movement, FTT's trajectory may pivot on fundamental developments.
Key takeaway: FTT is positioned for short-term trading; watch for breaking resistance or support levels.
