FTT jumps 26% – Traders, watch THESE signals before $1.30 test
FTX Token’s surge defied Exchange Inflow signals, leaving traders debating whether whales hold the key.
Key Takeaways
What fueled FTX Token’s 26% rally?
A breakout from triangle consolidation coincided with $2.4 million in Exchange Inflows, signaling renewed momentum and bullish sentiment.
What levels and signals matter most for FTT now?
Whale Spot Average Order Size showed accumulation, making $1.30 resistance the next decisive level for sustained recovery.
FTX Token [FTT] staged a sharp recovery over the last 24 hours on the daily chart. The token gained 26%, on the 19th of September, after breaking out of a consolidation triangle that had held for weeks.
That breakout shifted sentiment into bullish territory, with traders watching whether bulls could extend momentum in the coming sessions.
Exchange Inflows hit weekly highs
CryptoQuant’s on-chain data aligned with the bullish technical picture.
According to AMBCrypto’s analysis, FTT Exchange Inflows reached weekly highs, totaling $2.4 million across two days. Around $1.4 million entered exchanges on the 18th of September, followed by $1 million on the following day.
Normally, such heavy inflows can hint at profit-taking. But in this case, price action signaled renewed confidence, with the breakout sparking optimism that accumulation might follow instead.
Whales show conviction in spot markets
Supporting this view, whale activity in Spot markets has increased noticeably. Large players increased order sizes at aforementioned levels, reinforcing confidence that the rally could continue.
Speaking from experience, when whales take the lead, retail traders often follow, and the data reflects clear buyer dominance in both Spot and Derivatives markets.
With momentum building, the $1.30 resistance emerged as the next key hurdle. A close above it could pave the way for sustained recovery and a potential bullish run.
The road ahead for FTX Token
Markets rarely move in straight lines. If inflows flip into selling pressure, short-term volatility could re-emerge.
For now, the balance leaned toward bulls. Technical structure and whale behavior both reinforced the breakout’s strength, leaving traders focused on whether the rally could extend.
