FTT -7921.85% in 1 Year Amid Sharp Price Correction

On SEP 1 2025, FTT dropped by 589.38% within 24 hours to reach $0.8542, FTT dropped by 935.59% within 7 days, dropped by 589.38% within 1 month, and dropped by 7921.85% within 1 year.

The recent developments in the FTT market highlight a prolonged and severe price decline. The token experienced a dramatic drop of nearly 590% in both the 24-hour and one-month timeframes, with the 7-day period witnessing an even more pronounced fall of 935.59%. This suggests a sharp sell-off, likely driven by market sentiment or underlying fundamentals impacting the broader cryptocurrency sector. The extended 12-month decline of 7921.85% indicates a structural shift or long-term bearish trend, positioning FTT among the most volatile and depreciated assets in recent memory.

Technical indicators for FTT have shown consistent bearish momentum. Key oscillators such as the RSI and MACD have confirmed a deep oversold condition, yet no significant reversal pattern has materialized. The price has failed to reclaim crucial support levels previously observed in early 2024. Analysts project continued downward pressure in the near term, with the assumption that market sentiment is unlikely to stabilize without a major catalyst or structural intervention.

Backtest Hypothesis

To evaluate the potential effectiveness of a trading strategy in response to the observed FTT trend, a backtesting approach was outlined. The strategy involves entering short positions when the price breaks below a 50-period moving average and exits when the price closes above the 20-period moving average. Stop-loss and take-profit levels are set at fixed percentages relative to the entry point. The hypothesis is that this method could capitalize on the prevailing bearish trend while minimizing exposure during potential short-term rebounds. The results will be analyzed to determine whether the rules-based strategy could have produced consistent returns under the current price behavior of FTT.