The FTX Token (FTT) price has increased after news that the exchange will begin payments to Bahamas creditors on February 18. However, technical indicators show mixed signals, with the RSI showing bullish momentum while the ADX remains weak. If FTT can break key resistance levels, it could reach $3, but a failure to hold support may lead to a deeper pullback. The ADX dropping suggests that the strength of the previous downtrend is weakening, and the crossover of the +DI above the -DI supports an uptrend. FTT's RSI has significantly increased, signaling buying pressure, but nearing overbought territory. The short-term moving averages are gradually moving upward, and a golden cross formation could push FTT toward resistance levels at $2.32 to $2.44. However, if FTT fails to establish an uptrend, it may struggle to hold its current levels and could drop to $1.50.



Other News from Today