FTT Drops 81.18% in 24 Hours Amid Broader Market Downturn

On SEP 3 2025, FTT dropped by 81.18% within 24 hours to reach $0.8563, FTT dropped by 554.23% within 7 days, dropped by 308.72% within 1 month, and dropped by 7859.88% within 1 year.

The recent decline in FTT has been part of a broader pattern of market weakness across digital assets. Unlike previous corrections that often triggered rebounds within days, this movement has been more sustained, with the token failing to regain even half of its losses in the immediate aftermath of the sharp 24-hour drop. The magnitude of the loss over the last year—more than 7,800%—underscores a severe erosion of value that has left many long-term holders with significantly diminished positions.

Technical indicators for FTT have shown a consistent bearish bias, with key support levels breaking down at a rapid pace. The token’s failure to hold above key psychological thresholds has led to increased short-term pessimism among traders. Notably, the drop has not been isolated but rather part of a synchronized decline across the broader market, suggesting the influence of macro-level factors rather than asset-specific concerns.

Backtest Hypothesis

A potential backtesting strategy for FTT involves leveraging the same technical indicators that have historically predicted major price inflections. These include moving averages and RSI divergence patterns, which could have been used to model exit points during the early stages of the drop. By simulating trades based on these signals, it may be possible to assess the effectiveness of early sell or hedge decisions. This approach would require comparing historical price data with the signals generated at the time, offering insights into whether early intervention could have mitigated the severity of the drawdown.