FTX Token receives an average long-term technical score of 56 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, FTT holds a superior long-term technical analysis score than 56% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
Trading Analysis
FTT is currently -$1.0700000 (-2.56%) below its 100-day moving average price of $41.940000000 with its current price of $40.860000000. Meanwhile, FTX Token is $18.9300000 (136.15%) above its 52-week low price of $21.930000000 and -$44.16000000 (36.30%) below its 52-week high of $85.020000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 56. Trends for the long-term trading history of FTX Token suggest that traders are currently neutral on the token.
FTX Token currently has a total market cap of $5,621,613,983.20 to go along with its average daily volume of $924,280,528.49 worth of the currency over the past seven days. FTT’s volume is below its seven day average as of the past 24 hours, with 104,197,414.76 exchanged in that period.
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
Technical analysis of FTX Token over the past year results in the crypto receiving a an average long-term technical score of 56 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
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