FTX token price forecast

In our last FTX token price forecast , we wrote that the price could soon increase by around 40%. As a result, the price missed our target of $53 by $3 and thus only rose to $50. After that, there was a big sell off to the $35 support. However, this was a V formation, so price is back to where it was before ($50). But how could the FTX token course continue in the future? We'll enlighten you!

FTX token price has broken the $44 resistance lately. A short time later, the price rose again. However, the price fell yesterday and was able to confirm the former resistance $44 as support. As we now view this level as support, we anticipate the price to rally to $53 next. This is where the next major resistance is where the price could see some selling pressure. After we hit $53 it could go to $44 again. The exception to this would be a break in the resistance. If the resistance breaks, we anticipate the price could rally to $62.

Why you should invest in FTX

The FTX exchange and Crypto.com will advertise their respective crypto exchanges at the Superbowl LVI on February 14th. As a result, the FTX token price and the Crypto.com coin price could rise for a short time. Since it is now known that FTX will advertise there, it will probably be a so-called “Sell-The-News” event. Here, the FTX token price will fall and not rise as soon as the advertisement is broadcast.

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