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FTTUSDT SPOT

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FTT ANALYSIS📊 #FTT Analysis ✅There is a formation of Falling Wedge Pattern on daily chart with a breakout and currently trading around its major support area🧐 Pattern signals potential bullish movement incoming after a successful retest 👀Current Price:  $1.946 🚀 Target Price:    $3.050 ⚡️What to do ? 👀Keep an eye on #FTT price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #FTT  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
FTX Set to Begin Creditor Payouts in 2025: What It Means?The long-anticipated creditor repayments for FTX are finally set to commence, marking a pivotal moment in the exchange's financial restructuring. However, as with any major development in the crypto space, there are conditions, concerns, and market implications that traders need to be aware of. Here’s a breakdown of the upcoming FTX payout process and its potential impact on the price of $FTT. FTX Creditor Payouts: Key Details On February 18, 2025, certain FTX creditors will begin receiving their payouts, with those in the Convenience Class (claims up to $50,000) first in line. Under the restructuring plan, these creditors will receive 119% of their recorded claims, valued based on November 2022 asset prices, along with an additional 9% annual interest. However, all payments will be made strictly in stablecoins—excluding Bitcoin, altcoins, or any other crypto assets. To receive payouts, users must complete KYC verification, submit tax documents, and select a distribution platform. Available payout platforms include Kraken and BitGo, but regional restrictions will apply, particularly in jurisdictions like Ukraine. John J. Ray III, the chairman of the FTX liquidation committee, emphasized the importance of this step, stating: "Today's announcement reflects the outstanding success of our recovery and coordination efforts over the past 28 months. These efforts are ongoing, and our focus remains on executing these distributions in accordance with our plan while also continuing to pursue the recovery of outstanding assets." Scam Alerts and Delays in Compensation As FTX prepares to distribute funds, scammers have seized the opportunity to defraud unsuspecting users. Fraudulent emails, phishing websites, and malware-laced links have surfaced, posing significant threats to creditors. Users are advised to only engage through official FTX channels and to verify any communications regarding payouts. FTT Price Action: What’s Next? The FTX Token ( TSX:FTT ) has experienced notable volatility amid these developments. At the time of writing, TSX:FTT is down 5.41%, trading in bearish territory, with eyes on its 1-month low as a support level. A drop to this critical support zone could serve as an attractive entry point for traders, given that the level previously acted as resistance before flipping to support. If TSX:FTT manages to hold this range, it may attract fresh buyers looking for a reversal opportunity. Conversely, a break above the 1-month resistance zone could trigger a strong influx of buyers, potentially leading to a 50% price surge. This scenario would depend on overall market sentiment and any further updates regarding FTX’s ongoing asset recovery efforts. Market Sentiment and Final Thoughts While the launch of FTX creditor repayments is a step forward in closing one of crypto’s biggest bankruptcy cases, uncertainties remain. Traders should monitor key technical levels for TSX:FTT while staying updated on regulatory and legal developments surrounding FTX’s liquidation.
Long
by DEXWireNews
FTTUSDT UPDATEFTTUSDT is a cryptocurrency trading at $2.0820. Its target price is $3.2000, indicating a potential 60%+ gain. The pattern is a Bullish Falling Wedge, a reversal pattern signaling a trend change. This pattern suggests the downward trend may be ending. A breakout from the wedge could lead to a strong upward move. The Bullish Falling Wedge is a positive signal, indicating a potential price surge. Investors are optimistic about FTTUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns. FTTUSDT is poised for a potential breakout and substantial gains.
Long
by CryptoWithJames
Breaking: Backpack Acquires FTX EU in $32.7M DealIn a major development for the European crypto market, Backpack Exchange has acquired the bankrupt European unit of FTX for $32.7 million. This strategic move positions Backpack as a key player in regulated crypto derivatives, aiming to restore trust and innovation in the sector following the FTX collapse. The Acquisition: A New Chapter for FTX EU FTX EU, previously part of Sam Bankman-Fried’s defunct crypto empire, operated under a MiFID II license from the Cyprus Securities and Exchange Commission (CySEC). The acquisition by Backpack marks a significant step in reviving the platform’s operations. According to Armani Ferrante, CEO of Backpack Exchange, the company plans to offer a full suite of crypto derivatives throughout Europe, starting with regulated perpetual futures—a product currently unavailable in the EU. Backpack’s entry comes at a time when major players like Bitstamp and Coinbase have secured MiFID II licenses, with other firms like D2X preparing to deliver USD-denominated futures and options. Backpack’s MiCA notification has already been submitted, and Ferrante expects operations to commence in Q1 2025. Rebuilding Trust and Innovation The acquisition not only secures Backpack’s foothold in the European market but also provides an opportunity to repair the damage caused by FTX’s collapse. Ferrante emphasized the company’s commitment to returning FTX EU customers’ funds as a priority. Once this process is complete, Backpack aims to launch its regulated perpetual futures product, further solidifying its market position. Backpack’s founders, known for their contributions to the Solana ecosystem and success in the wallet and NFT business, raised $17 million in funding last year. This financial backing underscores the company’s capability to execute its ambitious plans. Technical Outlook: TSX:FTT Price Analysis Despite the acquisition news, TSX:FTT , the native token of the FTX platform, has shown a weaker trend channel, down 2.14% at the time of writing. The Relative Strength Index (RSI) stands at 46, indicating a neutral momentum but leaning towards bearish sentiment due to selling pressure. Key Technical Levels: - Support: The 65% Fibonacci retracement level serves as immediate support. A breakdown below this level could trigger a selling spree, potentially driving TSX:FTT to its one-month low. - Resistance: If TSX:FTT manages to rebound, traders should watch for a move above the current trend channel to confirm a bullish reversal. While the acquisition provides a positive fundamental backdrop, traders remain cautious, awaiting clarity on how the settlement of affected FTX customers will unfold. The resolution of these issues could act as a catalyst for TSX:FTT ’s recovery. The Road Ahead Backpack’s acquisition of FTX EU represents a turning point for regulated crypto derivatives in Europe. With plans to launch a full suite of products and restore customer trust, the company is poised to make significant strides in the market. For TSX:FTT , the path forward depends on both the broader market sentiment and the successful implementation of Backpack’s ambitious plans. Investors and traders should monitor both technical indicators and fundamental developments closely as Backpack reshapes the narrative around FTX EU and its role in the European crypto landscape.
Long
by DEXWireNews
A dangerous investment?You can see the previous chart and the massive dump after that. A similar pattern is formed again but seems like it had a breakout, however the breakout might be fake and this current pattern can be a reversal one. But on the other hand, it also seems like a cup is being formed. You may want to wait. If we see the price back to the bearish pattern you should be extra cautious, but if the price reaches the previous high we can enter after the handle is formed around 3$ can be reached before a bullish move. But if the first scenario plays out FTT will reach a new ATL. *Chart is inverted
by MISANTHROPE3
Bullish Chart But Will There Be A 400% Continuation?We cannot say nor decide, that is for the market to take care of but, we have a bullish chart. We can see a major low and bottom pattern in late 2023. We can see a simple higher low in July 2024. Notice that the low in 2024 happened in July rather than August, which can be considered a positive signal as it detaches from the rest of the market. Those pairs that detach from the rest can move when the rest isn't moving. This pair, FTTUSDT, has been growing since July but bullish momentum only started to increase in September. After September, we have a clear bullish wave and the week is about to close at the highest level since December 2023, yes!, a year ago. In short, a weekly close above $3.45 and we have the highest close in a year. This would be a positive signal and can lead to higher prices. We cannot say that we will get higher prices, we can only follow the chart. We prepare for higher prices, but we also prepare for a crash. How to do this? Define resistance levels (targets) as well as support (stop-loss). If prices go down, either hold long or close at a loss. If prices go up, take profits. Very, very simple. Thanks a lot for your continued support. Namaste.
Long
by MasterAnanda
1
Ftx token ( FTT)Ftt usdt Daily analysis Time frame 4hours Risk rewards ratio >2.5 👈👌👈👈 First target 4.5 $ Second target 5.45 $ LS should have been chosen very close to the entry point (a little below the diagonal line), but in order not to be caught, I chose LS much lower, so that over time and as the price grows, I will also raise LS and make it risk-free. Good news has also been heard in cyberspace about the new management of the FTX exchange, which is paying off its debts, and this is a positive sign for the future this currency and it is likely to return to its original position, the price range before the problems it had with the Binance exchange. (20-25$)
Long
by Habib-Tafazoli
Breaking: Joe Biden Might Pardon Sam Bankman, Founder of FTXThe crypto world is abuzz with speculation that President Joe Biden could pardon Sam Bankman-Fried, the founder of the defunct cryptocurrency exchange FTX. Bankman-Fried, sentenced to 25 years for fraud and money laundering, remains a polarizing figure. This speculation is fueled by his substantial political donations to the Democratic Party, estimated to total hundreds of millions. These ties have sparked debate about the potential influence on Biden’s discretion to grant a pardon. Elon Musk’s commentary has added weight to these rumors, suggesting that such a move could distract from the upcoming power transition to Donald Trump, scheduled for January 20, 2025. Despite the speculation, platforms like Polymarket estimate only a 16% probability of a pardon, underscoring the general skepticism among political traders. FTT’s Resurgence Amid Bankruptcy Developments While political speculation swirls, FTX Token ( TSX:FTT ) has seen a remarkable 15% surge in value. This comes after FTX announced plans to begin creditor payouts in early 2025 as part of its Chapter 11 bankruptcy process. The court-approved plan will commence on January 3, 2025, with the first tranche of payments targeting "Convenience Classes" claims. The announcement has buoyed investor sentiment, pushing FTT’s price to $3.28 and its market cap to $1.08 billion, with trading volume surging 170%. Despite this positive step, FTX’s recovery journey remains fraught with legal and financial complexities. The company’s eventual revival hinges on asset liquidation and the resolution of outstanding legal issues, a process likely to take years. Technical Analysis of TSX:FTT FTT’s recent price action highlights a bullish reversal pattern, defying the broader crypto market’s bearish trend. Trading at $3.20, FTT has a bullish RSI of 61.77, signaling strong momentum. Key technical levels include: - Support: Immediate support lies at the 65% Fibonacci retracement level, providing a cushion for potential pullbacks. - Resistance: The immediate pivot is the one-month high. A break above this level could ignite a bullish rally, targeting higher resistance zones. FTT’s resilience amid market uncertainty suggests growing investor confidence, potentially driven by the promise of creditor payouts and speculation about the exchange’s future. Overview FTX Token’s value proposition has historically been tied to the FTX platform, offering benefits like fee discounts, staking rewards, and leveraged token creation. However, with FTX’s bankruptcy, the token’s utility has diminished. The recent price surge reflects speculative interest rather than intrinsic value, as the token’s future remains uncertain. FTT Token Overview - Launch: May 8, 2019 - Utility: Discounts on trading fees, staking rewards, and collateral for leveraged positions - Current Status: Associated with a defunct platform, under Chapter 11 proceedings Investor Caution While the recent rally is promising, investors should approach TSX:FTT with caution. The token’s price movements are heavily influenced by speculative trading and bankruptcy developments. Moreover, the potential for token liquidation to pay creditors poses a significant risk to its value. Conclusion The dual narratives surrounding Sam Bankman-Fried’s potential pardon and FTX’s bankruptcy proceedings underscore the complexity of the situation. For TSX:FTT , the path forward is uncertain, balancing speculative optimism against the harsh realities of a defunct platform. Investors should closely monitor legal and market developments to navigate this volatile landscape effectively.
Long
by DEXWireNews