FTX Token Price Prediction As Bankruptcy Judge Approves FTX Reorganization And Experts Say This ICO Might Be The Best Crypto To Buy Now

The
FTX
Token
price
plunged
8%
in
the
last
24
hours


to
trade
at
$2.42

as
of
00:25
a.m.
EST
on
trading
volume
that
surged
282%
to
$361
million.

This
comes
after
a
Delaware
judge
approved
FTX’s
reorganization
plan,
nearly
two
years
after
the
organization
collapsed
into
bankruptcy.
The
plan
involves
paying
out
more
than
$14
billion
to
customers
of
the
collapsed
cryptocurrency
exchange.

FTX
Token
Could
Continue
Surging

The
FTX
Token
price
has
been
moving
within
an
upward
channel
(highlighted
by
two
parallel
white
lines)
since
late
September.
The
price
appears
to
be
testing
the
lower
boundary
of
this
channel
after
a
small
pullback
below
the
$2.58
support,
according
to
data
from


GeckoTerminal.

This
is
typical
in
bullish
trends
where
prices
oscillate
between
support
and
resistance
lines
within
the
channel.

Despite
the
recent
drop,
the
overall
trend
remains
bullish,
especially
given
that
the
price
is
still
trading
above
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
both
of
which
slope
upwards.
The
200-MA
at
$1.59
is
a
critical
long-term
support
level
far
below
the
current
price.

Meanwhile,
the
Relative
Strength
Index
(RSI)
is
dropping
below
the
50-midline
level,
currently
at
48,
which
shows
that
sellers
are
now
taking
charge
of
the
price.

However,
since
the
RSI
is
at
48,
it
indicates
a
neutral
stance.
The
price
of
FTX
Token
is
neither
overbought
nor
oversold.
This
suggests
that
there
might
be
room
for
upward
movement
before
the
price
becomes
overextended,
especially
if
the
price
continues
to
hold
the
channel’s
lower
trendline.

FTX
Token
Price
Prediction

According
to
the
FTT/USD
chart
analysis
of
the
4-hour
timeframe,
the
price
of
the
FTX
token
aims
to
sustain
the
upward
trend,
as
it
has
recovered
from
a
recent
downtrend
under
the
rising
channel.
If
this
trend
continues,
the
price
of
FTX
Token
could
soar
even
further
as
the
bulls
target
$3.5.

However,
as
the
RSI
shows
signs
of
the
bears
prompting
a
sell
signal,
the
FTT
price
may
drop
further
to
the
$1.59
support
(200-day
SMA).

Meanwhile,
investors
looking
for
diversification
options
might
consider
the
new
meme
coin Crypto
All-Stars
(STARS),
which
has
raised
over
$2
million
in
its
presale.

According
to
ClayBro,
a
prominent
crypto
analyst
on
YouTube
with
over
130K
subscribers,
$STARS
has
the
potential
to
soar
10X
after
its
launch.

The
Crypto
All-Stars
Presale
Raises
Over
$2
Million
–
Best
Meme
Coin
To
Buy
Now?

Crypto-All
Stars
is
a
breakthrough
new
project
that
allows
investors
to
stake
top
meme
coins
on
a
single
platform
through
its
unique
MemeVault
protocol.

Why
Is
Everyone
Excited?

In
its
initial
presale
phase,
Crypto
All-Stars
raised
over
$350k!
????

This
early
success
shows
that
investors
see
BIG
potential
here.
????

Could
this
be
the
next

$PEPE?
????

—
web3telepath
(@web3telepath)

August
15,
2024

Holders
of
top
meme
coins
can
stake
them
on
Crypto
All-Stars
and
earn
passive
income
in
STARS.

Eleven
meme
coins
can
be
staked
on
the
platform
after
launch:
Pepe
Coin,
Dogecoin,
Shiba
Inu,
Floki
Inu,
Brett,
Mog
Coin,
Milady
Meme
Coin,
Turbo,
Toshi,
Coq
Inu,
and
Bonk.

Apart
from
staking
other
meme
coins,
investors
can
also


stake
$STARS
tokens

for
a
huge
Annual
Percentage
Yield
(APY)
of
711%.

You
can
buy
$STARS
tokens
currently
for
$0.0014887
each.
With
a
price
increase
coming
in
about
two
days,
you
should
act
fast
to
get
the
meme
coin
at
the
best
possible
price.

Purchase
$STARS
from
its
official
website
here
using
BNB,
USDT,
or
a
bank
card.

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