FTX Token (FTT) gets a bearish rating from InvestorsObserver Friday. The Derivatives asset is down 1.07% to $27.4 while the broader crypto market is down 0.35%.
Bearish
Over the last five days, FTX Token has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of FTX Token over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
FTX Token is currently trading near its five-day low of $26.6235818273259. The Derivatives asset is 11.88% off its five-day high and is 2.92% higher than its five-day low of $26.62.
FTX Token price is comfortably positioned between support and resistance. With support set around $26.48 and resistance at $29.11, has some room to run before facing resistance.
FTX Token has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Due to a lack of data, this crypto may be less suitable for some investors.
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