As of today, October 17, 2024, the FTX Token (FTT) is trading at approximately $2.10, reflecting a notable rise of about 15% over the last 24 hours.
The token's price has fluctuated between $1.82 and $2.32 within the last day. Over the past month, FTT has gained around 67%, although it remains down by roughly 36% year-to-date, reflecting its volatile performance following the FTX exchange's challenges last year.
Technically, analysts note a potential bullish trend reversal due to price action breakouts and bullish divergence, which may spark further gains if momentum continues. However, the market outlook remains mixed with both buy and neutral signals, reflecting ongoing uncertainty. Key resistance levels are seen at $5 and $7
FTT remains an essential component of the FTX ecosystem, providing benefits like fee discounts and staking rewards, but its long-term viability remains tied to the exchange's recovery
