FTX Token receives a strong long-term technical score of 92 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
FTT currently holds a superior long-term technical analysis score than 92% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
FTT is currently $4.9200000 (11.75%) above its 100-day moving average price of $41.860000000 with its current price of $46.780000000. Meanwhile, FTX Token is $24.8500000 (163.13%) above its 52-week low price of $21.930000000 and -$38.24000000 (43.26%) below its 52-week high of $85.020000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 92. Trends for the long-term trading history of FTX Token suggest that traders are currently neutral on the token.
FTX Token has a total market value of $6,426,739,288.74 with an high average daily volume of $1,098,522,069.54 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 $161,590,779.18 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 92 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token.
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