Market Overview for FTX Token (FTTUSDT)

• FTX Token (FTTUSDT) broke key support at $0.95, with a bearish engulfing pattern confirming downward momentum.
• Volatility expanded sharply overnight, with volume spiking over $189,000 as price dropped below $0.94.
• RSI entered oversold territory, suggesting potential short-term rebound, though bearish momentum remains intact.
• Price remains below the 50-period moving average on 15-min, indicating bearish bias in the short term.
• Bollinger Bands widened overnight, reflecting increased uncertainty and potential for further consolidation or breakouts.

FTX Token (FTTUSDT) opened at $0.9597 on 2025-07-26 at 12:00 ET and closed at $0.9586 on 2025-07-27 at 12:00 ET. The 24-hour range was $0.98 (high) to $0.9304 (low). Total volume reached 189,101.43 units, with a notional turnover of approximately $188,000.

Structure & Formations

Price action formed a bearish engulfing pattern on the 15-minute chart as it broke below the $0.95 support level. A key support level now appears at $0.943–$0.945, where a series of lower highs and lower lows suggest a potential consolidation area. A bullish reversal may form if price bounces off this range and closes above the $0.95 level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remain bearish, with price consistently below both. On the daily chart, the 50-period MA appears to act as a dynamic resistance, while the 200-period MA remains well above the current price, reinforcing a bearish bias in the near term.

MACD & RSI

The MACD histogram has turned negative and remains below the zero line, signaling continued bearish momentum. RSI has dropped into oversold territory, suggesting potential for a short-term bounce, but without a clear reversal pattern or volume confirmation, a sustained rebound remains unlikely.

Bollinger Bands

Bollinger Bands widened significantly overnight, indicating increased volatility. Price has moved well below the lower band, a sign of bearish exhaustion or a potential short-term rebound. However, given the recent strength in selling pressure, a return to the band’s middle may require a catalyst or buying interest above $0.95.

Volume & Turnover

Volume spiked dramatically during the overnight session, particularly around 06:30–07:00 ET when price dropped sharply below $0.95. Notional turnover also surged during this period, suggesting strong conviction in the downward move. Price and volume appear aligned, with no major divergence observed.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $0.962 to $0.9304, price is currently near the 61.8% level at $0.947. This could serve as a potential support or pivot point for a short-term bounce. On the daily chart, the 38.2% and 61.8% levels from the recent high of $0.98 are at $0.957 and $0.947, respectively, aligning with key support areas.

FTTUSDT may see short-term consolidation near $0.943–$0.945, with a potential bounce if buyers emerge above $0.95. However, without a clear reversal pattern or volume confirmation, the bearish bias is likely to persist. Investors should watch for a break below $0.94 as a risk signal for further downside.