InvestorsObserver gives FTX Token a strong long-term technical score of 94 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
FTT at this time has a superior long-term technical analysis score than 94% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
Trading Analysis
FTX Token’s price is -$0.3900000 (-0.89%) below its 100-day moving average price of $43.590000000 as its price at the moment sits at $43.200000000. Additionally, FTT is $21.2600000 (146.80%) higher than its 52-week low price of $21.930000000 while -$41.82000000 (39.05%) under its 52-week high of $85.020000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives FTT a strong long-term technical score of 94. Long-term trading movement of FTX Token suggest that investors are neutral on the token at the moment.
FTX Token has a total market value of $5,921,197,467.39 with an high average daily volume of $637,862,290.58 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 $361,928,751.33 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
Trading patterns over the last year for FTX Token leads to the token’s a strong long-term technical score of 94 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token.
