$FTT is currently trading near $0.51, approaching a key support zone where buyers have historically stepped in.
After recent weakness, price action has entered a tight consolidation phase, signaling a pause in volatility.
Several candles with long lower wicks suggest buyers are defending this level cautiously.
The short-term trend remains neutral to slightly bearish, as price trades below nearby resistance.
Immediate resistance is around $0.54–$0.56, a zone where selling pressure has previously intensified.
A breakout above this resistance could trigger a short-term recovery or relief bounce.
Failure to hold the $0.50 support may open the door to further downside toward lower demand levels.
Volume is modest, indicating momentum has not yet picked up.
Market sentiment is cautious, with traders waiting for clearer direction.
Best approach is to wait for confirmation from a breakout or strong rejection before entering trades.
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