Rongchai Wang
Jul 30, 2025 13:26
FTT price rebounds to $0.94 (+3.88%) after recent declines, but technical indicators show mixed signals as bears target key support levels below $1.
Quick Take
• FTT currently trading at $0.94 (+3.88% in 24h)
• FTX Token’s RSI sits neutral at 51.94 while MACD shows bearish divergence
• Recent creditor payout news provides fundamental support despite technical weakness
What’s Driving FTX Token Price Today?
FTT price has managed a modest recovery today, gaining 3.88% to reach $0.94 after experiencing significant selling pressure over the past week. This bounce comes as traders digest mixed signals from both technical indicators and recent developments surrounding the FTX estate.
The most immediate catalyst affecting FTX Token stems from yesterday’s bearish momentum, where FTT price dropped 5% as bears targeted the crucial $0.81 support level. This decline followed an even sharper 6.19% drop on July 28, when FTT price fell to $0.91 despite what should have been positive news regarding creditor payouts.
The fundamental backdrop remains complex for FTX Token holders. While the July 25 announcement that FTX plans to resume creditor payouts on September 30, 2025, with $1.9 billion approved for distribution should theoretically support FTT price, market participants have responded with caution. The additional complexity introduced by the August 2025 registration period for Bitcoin claim holders has added another layer of uncertainty that continues to weigh on sentiment.
FTX Token Technical Analysis: Mixed Signals Emerge
The current FTX Token technical analysis reveals a market caught between competing forces. FTT’s RSI reading of 51.94 places the token squarely in neutral territory, suggesting neither overbought nor oversold conditions. However, this neutral FTT RSI reading masks underlying bearish momentum signals that could drive further downside.
The MACD indicator tells a more concerning story for FTX Token bulls. With the MACD line at 0.0163 sitting below the signal line at 0.0265, and the histogram showing a negative -0.0102 reading, FTX Token technical analysis points to bearish momentum building beneath the surface. This divergence suggests that despite today’s modest recovery, the underlying trend remains fragile.
FTX Token’s position relative to key moving averages provides additional context. The current FTT price of $0.94 sits just below the 7-day SMA at $0.94 and the 20-day SMA at $0.95, indicating short-term resistance. More significantly, FTX Token remains well below its 200-day SMA at $1.28, confirming the longer-term downtrend that has persisted since the FTX collapse.
The Bollinger Bands analysis shows FTX Token trading near the middle band at $0.95, with a %B position of 0.4778 suggesting room for movement in either direction before reaching extreme levels.
FTX Token Price Levels: Key Support and Resistance
Based on Binance spot market data, several critical FTX Token support levels demand trader attention. The immediate support for FTT sits at $0.85, which coincides with recent low points and represents the first line of defense for bulls. Should this level fail, the next significant FTX Token support levels emerge at $0.81 (the lower Bollinger Band) and $0.70 (strong support).
On the upside, FTT resistance appears formidable at $1.30, which serves as both immediate and strong resistance according to current technical levels. This level has repeatedly capped FTX Token rallies and would need to be convincingly broken for any meaningful bullish momentum to develop.
The daily ATR of $0.08 indicates moderate volatility for FTX Token, suggesting that moves of roughly 8-10% in either direction represent normal price action for FTT/USDT trading pairs.
Should You Buy FTT Now? Risk-Reward Analysis
The current FTT price setup presents a challenging risk-reward scenario that varies significantly based on trading timeframe and risk tolerance. For short-term traders, the mixed technical signals and bearish MACD divergence suggest waiting for clearer directional bias before establishing significant positions.
Conservative investors might consider the upcoming creditor payouts as a potential catalyst, but should be aware that FTX Token remains 75% below its 52-week high of $3.87. The fundamental uncertainty surrounding the FTX estate resolution continues to create an overhang that could persist well into 2025.
Aggressive traders willing to take on higher risk might view current levels as an opportunity, particularly if FTT price can reclaim the $0.95-$1.00 range and hold above key moving averages. However, any long positions should include tight stop-losses below the $0.85 support level to limit downside exposure.
The upcoming September 30 creditor payout date provides a clear timeline for potential fundamental catalysts, but traders should remember that “buy the rumor, sell the news” dynamics often apply to such predetermined events.
Conclusion
FTX Token’s current technical setup reflects a market in transition, with today’s 3.88% recovery providing temporary relief but failing to address underlying bearish momentum signals. The FTT price action over the next 24-48 hours will likely determine whether this bounce represents the beginning of a more sustained recovery or merely a pause in the recent downtrend. Traders should monitor the $0.85 support level closely, as a break below could accelerate selling toward the $0.81 target that bears have been eyeing. Conversely, a move back above $1.00 would improve the near-term outlook and potentially set up a test of the stubborn $1.30 resistance zone.
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