📌 Overview: A Rebirth from the Dead Zone
FTT/USDT is currently in one of its most technically compelling phases in the past two years. After suffering a catastrophic 98% crash following the collapse of the FTX ecosystem in 2022, price action now shows signs of long-term accumulation at a historically strong demand zone — potentially forming a solid base for a medium to long-term recovery.
The crucial support zone between $0.70 and $0.90 has been tested multiple times since late 2022 and has consistently held against extreme sell pressure. This suggests the presence of a strong historical demand area. Now that the price is once again reacting bullishly from this zone, the door is opening for a potential technical rebound.
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🧠 Forming Pattern: Accumulation & Bottoming Structure
1. Base Accumulation Range:
A long period of sideways movement after the major crash.
Indicates exhaustion of selling pressure and possible stealth accumulation by smart money.
2. Potential Double Bottom or Rounded Bottom:
If this rebound holds, a double bottom could be confirmed with a breakout above $1.238.
A rounded bottom formation could signal a major reversal rally if backed by volume and catalysts.
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🟢 Bullish Scenario (Reversal in Progress):
If buyers hold the current support and push through resistance levels:
🔓 Break above $1.238 = key reversal confirmation.
🚀 Potential bullish targets:
$1.857 – Previous minor resistance.
$2.275 – Former breakout zone.
$3.711 – Key structural level with historical liquidity.
$5.569 – Major psychological and technical target.
Strong confirmation if the breakout is supported by volume and a full-bodied weekly candle.
---
🔴 Bearish Scenario (Further Downside):
If price fails to hold the support zone:
📉 A breakdown below $0.696 would invalidate the bullish setup and could lead to:
New price discovery below $0.50
A potential “death spiral” if sell volume increases rapidly.
This scenario is extreme and would heavily depend on broader market sentiment and the future of the FTX recovery process.
---
🧭 Key Levels & Technical Insights:
Element Details
Strong Demand Zone $0.70 – $0.90 (multi-tested since 2022)
Bullish Trigger Level Break & retest of $1.238 with volume
Reversal Targets $1.857, $2.275, $3.711, and $5.569
Bearish Breakdown Loss of $0.696 = potential for new lows
Early Momentum Current bounce suggests possible start of reversal
---
💡 Final Thoughts:
> "FTT is no longer in a panic phase — it’s in a decision phase: will it rise as a ‘Phoenix Token’ from the ashes of FTX, or fall back into obscurity?"
Given the technical setup and long-term structure, this could be one of the most pivotal moments for FTT. Traders and investors should watch this level closely — the next major move is likely to begin from this very zone.
#FTTUSDT #FTTAnalysis #CryptoReversal #AltcoinWatch #TechnicalAnalysis #SupportResistance #BullishSetup #BearishScenario #DoubleBottom
FTT/USDT is currently in one of its most technically compelling phases in the past two years. After suffering a catastrophic 98% crash following the collapse of the FTX ecosystem in 2022, price action now shows signs of long-term accumulation at a historically strong demand zone — potentially forming a solid base for a medium to long-term recovery.
The crucial support zone between $0.70 and $0.90 has been tested multiple times since late 2022 and has consistently held against extreme sell pressure. This suggests the presence of a strong historical demand area. Now that the price is once again reacting bullishly from this zone, the door is opening for a potential technical rebound.
---
🧠 Forming Pattern: Accumulation & Bottoming Structure
1. Base Accumulation Range:
A long period of sideways movement after the major crash.
Indicates exhaustion of selling pressure and possible stealth accumulation by smart money.
2. Potential Double Bottom or Rounded Bottom:
If this rebound holds, a double bottom could be confirmed with a breakout above $1.238.
A rounded bottom formation could signal a major reversal rally if backed by volume and catalysts.
---
🟢 Bullish Scenario (Reversal in Progress):
If buyers hold the current support and push through resistance levels:
🔓 Break above $1.238 = key reversal confirmation.
🚀 Potential bullish targets:
$1.857 – Previous minor resistance.
$2.275 – Former breakout zone.
$3.711 – Key structural level with historical liquidity.
$5.569 – Major psychological and technical target.
Strong confirmation if the breakout is supported by volume and a full-bodied weekly candle.
---
🔴 Bearish Scenario (Further Downside):
If price fails to hold the support zone:
📉 A breakdown below $0.696 would invalidate the bullish setup and could lead to:
New price discovery below $0.50
A potential “death spiral” if sell volume increases rapidly.
This scenario is extreme and would heavily depend on broader market sentiment and the future of the FTX recovery process.
---
🧭 Key Levels & Technical Insights:
Element Details
Strong Demand Zone $0.70 – $0.90 (multi-tested since 2022)
Bullish Trigger Level Break & retest of $1.238 with volume
Reversal Targets $1.857, $2.275, $3.711, and $5.569
Bearish Breakdown Loss of $0.696 = potential for new lows
Early Momentum Current bounce suggests possible start of reversal
---
💡 Final Thoughts:
> "FTT is no longer in a panic phase — it’s in a decision phase: will it rise as a ‘Phoenix Token’ from the ashes of FTX, or fall back into obscurity?"
Given the technical setup and long-term structure, this could be one of the most pivotal moments for FTT. Traders and investors should watch this level closely — the next major move is likely to begin from this very zone.
#FTTUSDT #FTTAnalysis #CryptoReversal #AltcoinWatch #TechnicalAnalysis #SupportResistance #BullishSetup #BearishScenario #DoubleBottom
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.