FTX Token (FTT) Drops 6% Despite Creditor Payout News – Technical Analysis Reveals Key Levels
The post FTX Token (FTT) Drops 6% Despite Creditor Payout News – Technical Analysis Reveals Key Levels appeared on BitcoinEthereumNews.com. Darius Baruo Jul 28, 2025 22:33 FTT price falls to $0.91 (-6.19% in 24h) as traders digest mixed regulatory news. Technical indicators show neutral RSI but bearish momentum signals ahead. Quick Take • FTT currently trading at $0.91 (-6.19% in 24h) • FTX Token’s RSI sits in neutral territory at 46.59, suggesting sideways consolidation • Recent creditor payout announcements create positive long-term outlook despite short-term price weakness What’s Driving FTX Token Price Today? The FTT price has declined 6.19% in the past 24 hours despite a series of positive regulatory developments. Most recently, FTX announced plans to resume creditor payouts on September 30, 2025, with $1.9 billion approved for the next distribution round. This news, released on July 25, initially sparked optimism among FTX Token holders. However, the market’s reaction has been tempered by FTX’s court filing seeking an extension to freeze $470 million in repayments, particularly affecting Chinese creditors. This legal development from July 21 has introduced uncertainty about the timeline and scope of distributions, creating downward pressure on the FTT price despite the positive payout announcements. The registration period for Bitcoin claim holders, set for August 2025, adds another layer of complexity to the creditor situation. While these developments signal progress in the FTX bankruptcy proceedings, traders appear to be taking a wait-and-see approach, contributing to today’s price decline. FTX Token Technical Analysis: Mixed Signals Emerge FTX Token technical analysis reveals a market in transition, with the FTT RSI currently at 46.59, placing it firmly in neutral territory. This suggests that FTX Token is neither overbought nor oversold, indicating potential for movement in either direction based on external catalysts. The MACD histogram shows bearish momentum at -0.0067, with the MACD line (0.0252) sitting below the signal line (0.0319). This bearish…
The post FTX Token (FTT) Drops 6% Despite Creditor Payout News – Technical Analysis Reveals Key Levels appeared on BitcoinEthereumNews.com.
Darius Baruo Jul 28, 2025 22:33 FTT price falls to $0.91 (-6.19% in 24h) as traders digest mixed regulatory news. Technical indicators show neutral RSI but bearish momentum signals ahead. Quick Take • FTT currently trading at $0.91 (-6.19% in 24h) • FTX Token’s RSI sits in neutral territory at 46.59, suggesting sideways consolidation • Recent creditor payout announcements create positive long-term outlook despite short-term price weakness What’s Driving FTX Token Price Today? The FTT price has declined 6.19% in the past 24 hours despite a series of positive regulatory developments. Most recently, FTX announced plans to resume creditor payouts on September 30, 2025, with $1.9 billion approved for the next distribution round. This news, released on July 25, initially sparked optimism among FTX Token holders. However, the market’s reaction has been tempered by FTX’s court filing seeking an extension to freeze $470 million in repayments, particularly affecting Chinese creditors. This legal development from July 21 has introduced uncertainty about the timeline and scope of distributions, creating downward pressure on the FTT price despite the positive payout announcements. The registration period for Bitcoin claim holders, set for August 2025, adds another layer of complexity to the creditor situation. While these developments signal progress in the FTX bankruptcy proceedings, traders appear to be taking a wait-and-see approach, contributing to today’s price decline. FTX Token Technical Analysis: Mixed Signals Emerge FTX Token technical analysis reveals a market in transition, with the FTT RSI currently at 46.59, placing it firmly in neutral territory. This suggests that FTX Token is neither overbought nor oversold, indicating potential for movement in either direction based on external catalysts. The MACD histogram shows bearish momentum at -0.0067, with the MACD line (0.0252) sitting below the signal line (0.0319). This bearish…
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