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The FTX token worth dipped 4% within the final 24 hours to commerce at $1.65 as of 02:33 a.m. EST on buying and selling quantity that skyrocketed 214% to $96 million.
The drop within the FTT worth got here after a short surge on Monday, which was fueled by Sam Bankman-Fried tweeting for the primary time in two years.
1) I’ve a number of sympathy for gov’t workers: I, too, haven’t checked my e-mail for the previous few (hundred) days
And I can verify that being unemployed is loads much less enjoyable than it seems to be
— SBF (@SBF_FTX) February 25, 2025
FTT is a token related to FTX, the now-defunct crypto trade Bankman-Fried based.
FTX Token Value Bearish Reversal Sample Alerts Additional Draw back
The FTT worth chart presents a major bearish sample—the Head and Shoulders formation. This sample, marked by a left shoulder, head, and proper shoulder, is well known as a pattern reversal sign, suggesting that the FTX token worth may very well be heading decrease after a previous uptrend.
The neckline of the sample, drawn across the $1.65–$1.70 zone, has now been examined, and worth motion is trying to interrupt beneath this key assist, in response to GeckoTerminal information.
A confirmed breakdown from this degree may result in elevated promoting strain, pushing the worth additional downward.
The 50-day Easy Transferring Common (SMA) at $2.14 is above the 200-day SMA at $2.09, signaling a short-term uptrend that may quickly reverse.
Nevertheless, the FTX token rice has fallen beneath each SMAs, reinforcing bearish sentiment and the potential of additional draw back.
FTT Value Prediction
If FTT decisively breaks beneath the $1.65 neckline, the measured transfer from the Head and Shoulders sample suggests a possible drop in the direction of the $1.20–$1.30 area, representing a major decline from present ranges.
On the flip facet, if the worth of the FTX token rebounds from this assist zone and reclaims $2.00, a short-term restoration in the direction of $2.50 or increased could also be potential.
Nevertheless, the general pattern stays bearish except FTT invalidates the Head and Shoulders construction by reclaiming increased ranges with sturdy quantity.
In the meantime, traders are piling into a brand new Bitcoin-themed meme coin referred to as BTC Bull Token (BTCBULL) for potential Bitcoin airdrops. 99Bitcoins, a outstanding YouTube channel with over 725k subscribers, says BTCBULL may soar 10X after launch.
BTC Bull Token Presale Closing On $3 Million
In one of many strongest presale showings of the yr, new meme coin BTC Bull Token simply rocketed previous $2.7 million raised in its ongoing token presale.
Buyers are piling into BTCBULL with the objective of incomes actual Bitcoin rewards. The undertaking has promised to airdrop BTC to BTCBULL token holders when the unique cryptocurrency reaches sure worth milestones.
As Bitcoin marches towards the $1 million goal, BTC BULL Token holders will get rewarded alongside the way in which. Buyers who maintain BTCBULL in Greatest Pockets will obtain free BTC airdrops when the Bitcoin worth hits $150k and $200k for the primary time.
There may also be ”an enormous BTCBULL airdrop” for the strongest hodlers when BTC hits $250,000, weighted by ”Neighborhood Sale buy quantity.”
🚨 $BTCBULL is Stay in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new worth ranges.
With built-in incentives for getting, holding, and buying and selling, $BTCBULL provides holders a brand new approach to stack BTC.… pic.twitter.com/BMzBHcLltU
— Greatest Pockets (@BestWalletHQ) February 10, 2025
Along with BTC airdrops, the staff may also perform token burns, completely eradicating a portion of the overall provide. The intention is to comply with in Bitcoin’s footsteps and enhance shortage and worth.
Bitcoin Bull token holders may also earn passively by staking their tokens for a 154% annual proportion yield (APY).
Buyers fascinated about taking part within the presale can go to the official BTC Bull Token web site to purchase BTCBULL for $0.00238 every utilizing BNB, ETH, USDT, or a financial institution card.
Purchase BTCBULL earlier than a worth hike in lower than 24 hours to safe the very best deal.
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