FTX Token Price Analysis: FTT drops below the support at $60, what’s next?

TL;DR Breakdown FTX token price analysis today reveals a bearish movement.The price is currently trading on Binance at $55.68.The nearest support for cryptocurrency rests at $48.If this support breaks, the next support is at the $44 price level.The resistance is at $68, and another at $77 price levels. FTX token price analysis has seen a lot of internet searches after the cryptocurrency surged from $44 on September 1st to $85.02 on September 9th. This nearly doubled the money that investors had put in the FTT/USDT trading pair. For today, we are witnessing bearish outcomes for the trading pair because Bitcoin has fallen by over 6% percent and is below the support at $44.7. This massive drop in Bitcoin has instilled fear in the hearts of investors, but this is the price that people pay for considerable gains in the crypto land. According to the data provided by Coinmarketcap, the FTX token is currently trading 34.58% below its all-time high formed on September 9th. After reaching such highs, the cryptocurrency was unable to maintain this price level. Currently, the coin’s trading volume has surged by over 19.30%, while the market cap has dropped by over 12.11%. The bulls have yet to take charge of the price action, and the bears prevail. In today’s FTX token price analysis, we will try and look at the future price possibilities for the FTT/USDT pair. We will be using the most popular technical analysis tools l...