FTT Technical Analysis - Opposite movements
FTX's new exchange token FTT, started officially trading on the open market on July 31st 2019. At the launch the asset began surging towards $2.68 before heavily dumping near the $1 where support was found. Since then, FTT has been creating higher lows and higher highs, signs of a bullish market structure.
Yesterday, as the entire crypto-market was in the red, FTT had a surge of its own, boosting the price by over 17% in less than 24 hours.
Give the fact that FTT has been trading on the open market for a relatively short period of time, there isn't a lot of data when it comes to technical analysis, especially given the fact that it is currently in price exploration.
As price crossed the monthly $2.68 level, FTT started hitting new all-time highs. By looking at the weekly chart, we can see that this entire bullish move from yesterday was wiped out by today's candle. If the weekly candle closes at its current state, or as a bearish engulfing candle, then further downside is plausible.
However, taking a look at the daily timeframe and the volume we can see a different image being communicated.
First off, for further upside, price will need to close today's candle above $2.68. If the opposite happens then the grey [$2.11-$2.21] area will be on the cards. Looking at the volume, we can see a large surge yesterday, which is what we'd like to see in bullish trends. But the interesting part is today's candle, the volume has dramatically decreased which communicates that further upside is likely to occur. It is important to note that there are almost 11 hours left for today's candle closure and hence more volume can be registered, however that same image is communicated on LTFs.
Where will price go next? As we do not have any data to find S/R, we can only use Fibonacci levels to project these. By that measure, the next upside target would potentially be near $3.5. Of course, for a chance to take place, it is necessary for the daily candle to close above $2.68.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
