Market Overview for FTX Token (FTTUSDT)

• FTX Token declined 10.1% on 15-minute charts, breaking below key support at $0.875 with confirmation on declining volume.
• RSI and MACD signal bearish momentum, with price below both 20- and 50-period moving averages.
• Volatility expanded during the session, with Bollinger Bands widening after a consolidation phase.
• A 61.8% Fibonacci retracement level aligns with $0.864–0.867, suggesting potential short-term support ahead.

At 12:00 ET on 2025-08-20, FTX Token (FTTUSDT) opened at $0.8884, traded to a high of $0.8937, a low of $0.8589, and closed at $0.8823. Total 24-hour volume reached ~60,608k units, with notional turnover of approximately $52.75M.

Structure & Formations

Price broke below a critical support level near $0.875 on the 15-minute chart, confirmed by a bearish engulfing pattern and a doji at $0.8731. A potential short-term base forming between $0.864 and $0.867 aligns with a 61.8% Fibonacci retracement level from a recent bullish swing, suggesting a possible retest area.

Moving Averages

The 20- and 50-period moving averages on the 15-minute chart are bearishly aligned, with price below both. On the daily chart, price remains below the 50/100/200-day averages, indicating a broader bearish bias and potential for further consolidation or bearish extension.

MACD & RSI

MACD turned negative and remains in bearish territory, signaling a continuation of downward momentum. RSI sits near 40, suggesting moderate bearish pressure but not yet oversold. A move below 30 could trigger short-term buying interest, though this remains speculative.

Bollinger Bands

Bollinger Bands expanded during the session, with price trading near the lower band for much of the 24-hour period. This suggests increasing volatility and bearish conviction. A consolidation period could follow the recent decline, with a potential rebound into the mid-band.

Volume & Turnover

Volume increased during the decline, particularly in the 14:45–16:00 ET window, providing some confirmation for the breakdown. However, the most recent candle at close (16:00 ET) shows a bearish close on moderate volume, suggesting short-term bearish conviction remains strong.

Fibonacci Retracements

On the 15-minute chart, the 61.8% retracement of the recent bullish swing aligns with $0.864–0.867. This level could offer temporary support in the next 24 hours if buyers re-engage.

Over the next 24 hours, FTX Token may test the $0.864–0.867 support zone, where a rebound could trigger short-term buying. However, the broader trend remains bearish, and a break below that level could signal further downward momentum. Investors should watch for a potential consolidation phase or reversal cues on volume and RSI.