$FTT
đ Whatâs going on today with FTT
The current price of FTT is around $0.64â0.67.Â
Over the last 24âŻhours, FTT shows a modest uptick â suggesting a shortâterm bounce.Â
In Pakistani Rupees (PKR), this equates to roughly â¨147ââ¨150 per FTT.Â
â ď¸ Why FTT remains risky / bearish sentiment
FTT is still viewed by many as essentially a âzombie tokenâ â a remnant of the collapse of FTX, with little clear utility today.Â
Its price remains well below major moving averages (e.g. 30âday SMA, 200âday EMA), which technicalâanalysis watchers view as a bearish sign.Â
Broader market risk: When overall crypto sentiment or major coins drop, speculative tokens like FTT tend to suffer more, since thereâs no strong fundamental support backing them.Â
đ What could give a short-term bounce â and what to watch
Occasional spikes in trading volume or market speculation (for example rumors related to asset liquidation or repayments by FTXâs estate) may trigger short-lived rallies.Â
Key support zones around $0.60â$0.65 are important; if those hold, FTT might attempt another move upward. If they break, further downside is possible.
But: Thereâs no clear long-term catalyst â unless something major changes for FTXâs unresolved legal/financial situation.
