๐ฅ $FTT Jumps Big in Just 24 Hours! Is FTX Making a Comeback? ๐
FTX Token (FTT) spiked after Backpack launched a no-fee claims platform for FTX creditors ๐ผ
Whatโs fueling the move? ๐
๐ Backpackโs new platform (July 18):
โ Lets FTX claimants sell off-market
โ Reduces fear of token dumps
โ Triggered instant surge in FTT
๐ Technical signals:
๐ Broke above $1.11 key resistance (Fib 127.2 extension)
๐ RSI at 74.7 shows overbought but strong momentum
๐ฏ Eyes on $1.1855 if rally continues
๐ก๏ธ $1.087 now acts as support
๐ Whale-heavy supply = high volatility. Big players are clearly reacting.
โ ๏ธ Main question: Will claimants cash out or hold? This move may mark a major shift in FTTโs future.