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The upcoming days will be super interesting for the holders of FTX Token (FTT), as FTX Digital Markets have announced that they will compensate for their creditors. On February 4, 2025, FTX creditors divided the post into X (earlier Twitter), stating that FTX would soon make up for their creditors, which seems to be a great relief for those who lost their assets in November 2022.
After this update about X, investors and traders showed a strong occupation and confidence in the FTT Token, as seen on Coinmarketcap. Token is currently being traded close to $ 2 and in the last 24 hours has experienced an increase in prices of over 4.5%. This increase in prices occurred after the announcement of the repayment of the creditor.
In addition, during the same period, his volume of trading showed an impressive recovery because of significant participation of merchants and investors.
Data from an analytics company on a chain Coingling They found that long -term owners and investors began to accumulate token. Top/outflow data showed that exchanges have witnessed the outflows of significant FTT tokens in the amount of $ 2.05 million in the last 48 hours, indicating potential accumulation.
This huge exchanger outflow in such a situation suggests the ideal opportunity to buy and can cause pressure on buying and further rally.
According to a recent price action, FTT is traded in the consolidation zone between $ 1.84 and $ 2.30 for two weeks and is currently on the lower border of the zone.
Based on the historical momentum of the price, if the token holds above the level of $ 1,83, there is a great opportunity that FTT could rise by 100% to reach a level of $ 3,90 in the future. But before that level can occur, there is a resistance at a level of $ 2.30 and $ 2.75, which could be a obstacle to achieving the predicted goal.
Currently, the total mood of the cryptocurrency market seems to be recovering, and this latest creditors’ update could benefit from FTT Token.