FTT Token Price Bearish Reversal Pattern Signals Further Downside

The FTX token price dipped 4% in the last 24 hours to trade at $1.65 as of 02:33 a.m. EST on trading volume that skyrocketed 214% to $96 million.

The FTX token price dropped 4% in the last 24 hours to trade at $1.65 as of 02:33 a.m. EST on trading volume that skyrocketed 214% to $96 million.

The drop in the FTT price came after a brief surge on Monday, which was fueled by Sam Bankman-Fried tweeting for the first time in two years.

1) I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days

And I can confirm that being unemployed is a lot less relaxing than it looks

— SBF (@SBF_FTX) February 25, 2025

The FTX token is a native token of the now-defunct FTX crypto exchange, which was founded by Bankman-Fried.

FTX Token Price Bearish Reversal Pattern Signals Further Downside

A glance at the FTT price chart reveals a prominent bearish pattern — the Head and Shoulders formation. This widely recognized technical structure often serves as a trend reversal signal, suggesting that the FTX token price may be poised for further decline following a preceding uptrend.

The pattern consists of a left shoulder, head, and right shoulder, with the neckline drawn around the $1.65–$1.70 zone, as indicated by data from GeckoTerminal.

Currently, price action is attempting to break below this key support level, which could pave the way for increased selling pressure, pushing the price further downward.

The 50-day Simple Moving Average (SMA) at $2.14 is positioned above the 200-day SMA at $2.09, indicating a short-term uptrend that may be reversing soon.

However, both SMAs are now situated below the FTT price, reinforcing bearish sentiment and the potential for further downside.

FTT Price Prediction

If FTT decisively breaks below the $1.65 neckline, the measured move from the Head and Shoulders pattern suggests a potential drop towards the $1.20–$1.30 region, which would signify a substantial decline from current levels.

On the other hand, if the FTX token price rebounds from this support zone and reclaims $2.00, a short-term recovery towards $2.50 or higher may be possible.

However, the overall trend remains bearish unless FTT invalidates the Head and Shoulders structure by reclaiming higher levels with strong volume.

Meanwhile, investors are flocking to a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL) in anticipation of potential Bitcoin airdrops. 99Bitcoins, a prominent YouTube channel with over 725k subscribers, highlights BTCBULL's potential for a 10X surge after launch.

BTC Bull Token Presale Closing On $3 Million

In one of the strongest presale showings of the year, new meme coin BTC Bull Token has just rocketed past $2.7 million raised in its ongoing token presale.

Investors are piling into BTCBULL with the goal of earning real Bitcoin rewards. The project has promised to airdrop BTC to BTCBULL token holders when the original cryptocurrency reaches certain price milestones.

As Bitcoin marches toward the $1 million target, BTC BULL Token holders will get rewarded along the way. Investors who hold BTCBULL in Best Wallet will receive free BTC airdrops when the Bitcoin price hits $150k and $200k for the first time.

There will also be ”a huge BTCBULL airdrop” for the strongest hodlers when BTC hits $250,000, weighted by ”Community Sale purchase amount.”

🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.

With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU

— Best Wallet (@BestWalletHQ) February 10, 2025

In addition to BTC airdrops, the team will also carry out token burns, permanently removing a portion of the total supply. The aim is to follow in Bitcoin’s footsteps and increase scarcity and value.

Bitcoin Bull token holders can also earn passively by staking their tokens for a 154% annual percentage yield (APY).

Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL for $0.00238 each using BNB, ETH, USDT, or a bank card.

Buy BTCBULL before a price hike in less than 24 hours to secure the best deal.

Check out BTC Bull Token here.

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