- FTT/USDT has broken a major descending trendline and is holding the retest zone, giving bulls a strong technical advantage.
- The rounded bottom pattern on the weekly chart suggests a macro reversal with key resistance levels set at $2.80, $3.72, $4.43.
- Volume is recovering and price is consolidating above the breakout point, setting the stage for a potential multi-week rally.
FTT is showing early signs of a bullish breakout after a long period of downtrend and consolidation. The token has reclaimed technical levels that could now act as support.
Technical Breakout Points to Early Bullish Momentum
A recent tweet from Rose Premium Signals confirms that FTT/USDT has broken above a major trendline. The price action is gaining strength as the asset holds above the breakout level. This breakout comes after a prolonged bearish phase and has shifted short-term momentum in favor of buyers.
The asset is now trading near $1.25 and consolidating just above the trendline it recently crossed. Holding this area is critical for bullish continuation. Short-term traders are focusing on $1.45 and $1.68, which align with local resistance levels and momentum-driven targets.
Volume is beginning to pick up, which supports the technical structure. A consistent hold above this zone could keep momentum intact for the coming sessions.
Weekly Chart Shows Rounded Bottom Formation
On the weekly timeframe, FTT has completed a rounded bottom—a structure often associated with longer-term reversals. This pattern adds strength to the breakout seen on lower timeframes. The move above descending resistance is being retested, which, if sustained, may confirm a structural reversal.
The chart notes that the key levels to watch include $2.80, $3.72, and $4.43. These targets correspond to technical resistance areas and a measured move derived from the cup-like formation on the chart. Each level may act as a potential milestone if momentum carries forward.
The gradual tightening of price action above the trendline and recovery in volume are providing favorable technical conditions for bulls.
Current Price and Market Overview
As of writing, FTT/USDT is priced at $1.25, with a 24-hour trading volume of $24.35 million. This reflects a daily drop of 4.73%, yet a 7-day gain of 6.12%, indicating short-term volatility.
Despite the pullback, the overall structure remains constructive as long as the price stays above the breakout zone. The technical setup continues to attract attention from short-term and swing traders tracking potential upward continuation.
