Market Overview for FTX Token (FTTUSDT) – 24-Hour Technical Summary

• FTTUSDT dropped to 0.8464 amid increased volatility and volume spikes in midday trading.
• A bearish divergence appeared between declining price and rising turnover before 12:00 ET.
• 0.8500 retested as both a resistance-turned-support and key Fibonacci level during the session.
• Momentum indicators showed oversold conditions late in the session, hinting at potential short-term bounce.
• Bollinger Bands widened significantly during the 13:45–14:00 ET window, indicating high volatility.

Market Overview

FTX Token (FTTUSDT) opened at 0.8805 on 2025-08-25 12:00 ET, reaching a high of 0.8838 before closing at 0.8464 at 12:00 ET on 2025-08-26. The 24-hour session recorded a total volume of 998,252.50 and a turnover of $856,741.62. Price action reflected bearish momentum with a breakdown below key support levels and diverging turnover patterns.

Structure & Formations

The price formed a bearish engulfing pattern around 0.8795–0.8797 before the drop to 0.8706 and later 0.852. Key support levels included 0.8500 and 0.8464, with the 0.852–0.8464 swing forming a 38.2% Fibonacci retracement at 0.8498 and 61.8% at 0.8440. A bearish flag pattern emerged during the consolidation phase between 0.8540–0.8520.

Moving Averages

On the 15-minute chart, price broke below the 20-period and 50-period moving averages, reinforcing the bearish bias. For the daily chart, the 50-period MA (not fully calculable due to partial data) would likely be above current price levels, placing FTTUSDT in a short-term bearish trend.

MACD & RSI

MACD showed a bearish crossover with the histogram expanding as the sell-off deepened. RSI dipped below 30 during the 09:00–10:00 ET window, entering oversold territory and hinting at a potential short-term bounce. However, bearish momentum continued to dominate the session.

Bollinger Bands

Bollinger Bands experienced a notable expansion during the 13:45–14:00 ET period, indicating a sharp increase in volatility. Price closed near the lower band during this phase, consistent with a bearish exhaustion zone.

Volume & Turnover

Volume spiked sharply during the 21:15–21:30 ET period, as FTTUSDT broke below 0.852. Turnover diverged with price, with a sharp rise in turnover as price fell toward 0.8464, suggesting increased selling pressure. However, a late-session increase in turnover without a corresponding price drop hinted at potential accumulation.

Fibonacci Retracements

The 0.852–0.8464 swing was analyzed using Fibonacci levels. Price found a temporary floor at 0.8464, which aligns with the 61.8% retracement level. A retest of the 38.2% level (0.8498) may occur in the near term.

In the next 24 hours, FTTUSDT could test 0.8498 as a potential short-term bounce zone, but a breakdown below 0.8440 may trigger further bearish momentum. Investors should remain cautious and watch for divergences in turnover and momentum indicators as potential signals of trend exhaustion.