FTX Token (FTT) Surges 8.57% to $0.98 Amid $16.5B Creditor Repayment Plan
Felix Pinkston
Jul 31, 2025 08:12
FTT price climbs to $0.98 with 8.57% daily gains as FTX’s massive creditor repayment announcement drives renewed investor interest in the exchange token.
Quick Take
• FTT currently trading at $0.98 (+8.57% in 24h)
• FTX Token RSI at 55.69 shows neutral momentum with room for upside
• $16.5 billion creditor repayment plan sparked 100%+ rally earlier this week
What’s Driving FTX Token Price Today?
The primary catalyst behind FTT price action remains the explosive announcement of FTX’s $16.5 billion creditor repayment plan on July 30th. This news initially triggered a spectacular 110% surge, pushing FTX Token to a nine-month high of $2.64 as trading volume exploded by 3,653%.
However, the FTT price has since consolidated, experiencing the typical volatility that follows major news events. On July 28th, mixed regulatory developments caused a temporary 6% decline to $0.91, demonstrating how sensitive FTX Token remains to regulatory sentiment. Today’s 8.57% recovery to $0.98 suggests traders are processing the repayment news more rationally while maintaining cautious optimism about FTX’s rehabilitation prospects.
The dramatic volume spike accompanying these moves indicates genuine institutional interest rather than mere speculation, as market participants reassess FTX Token’s fundamental value proposition in light of potential creditor resolutions.
FTT Technical Analysis: Mixed Signals with Bullish Undertones
FTX Token technical analysis reveals a market in transition, with several key indicators pointing toward continued upside potential. The FTT RSI of 55.69 sits comfortably in neutral territory, providing significant room for further gains without entering overbought conditions.
FTX Token’s position relative to moving averages shows encouraging signs. The current $0.98 price trades above both the 7-day SMA ($0.94) and 20-day SMA ($0.96), indicating short-term bullish momentum. However, FTT remains below the 200-day SMA of $1.27, suggesting the longer-term trend recovery is still in progress.
The MACD histogram shows a slightly bearish reading of -0.0064, but this minor divergence often precedes trend reversals in volatile assets like FTX Token. Meanwhile, the Stochastic indicators (%K at 24.45, %D at 17.92) suggest FTT is emerging from oversold conditions, potentially signaling the start of a sustained recovery.
FTX Token’s Bollinger Band position at 0.5721 indicates the price sits comfortably within the normal trading range, with the upper band at $1.10 representing the next technical target.
FTX Token Price Levels: Key Support and Resistance
Based on Binance spot market data, FTX Token support levels are clearly defined around $0.85 for immediate support and $0.70 for strong support. The $0.81 lower Bollinger Band also aligns with these critical support zones, creating a confluence that should provide robust downside protection.
On the upside, FTT resistance appears concentrated around $1.30, which represents both immediate and strong resistance levels. This alignment suggests a significant battle zone where FTX Token will need substantial volume and momentum to break through convincingly.
The current pivot point at $0.98 exactly matches today’s FTT price, indicating the market is perfectly balanced at current levels. A decisive break above $1.10 (upper Bollinger Band) would likely trigger renewed buying interest toward the $1.30 resistance cluster.
Traders should note that FTX Token’s 52-week range of $0.72 to $3.87 provides broader context, with the current FTT price sitting in the lower third of this range despite recent gains.
Should You Buy FTT Now? Risk-Reward Analysis
For swing traders, the current FTT price of $0.98 offers an attractive risk-reward setup. With immediate support at $0.85, the downside risk appears limited to approximately 13%, while upside potential to the $1.30 resistance level suggests possible 33% gains.
Conservative investors might wait for a clear break above $1.10 to confirm the bullish breakout, accepting slightly higher entry prices in exchange for greater trend confirmation. The FTX Token’s daily ATR of $0.08 indicates normal volatility levels, making position sizing calculations more predictable.
Day traders should focus on the FTT/USDT pair’s 24-hour range of $0.90 to $1.07, using the current pivot point at $0.98 as a reference for short-term directional bias. The 8.57% daily gain suggests momentum remains positive, but profit-taking near $1.07 resistance is likely.
Risk management remains crucial given FTX Token’s ongoing regulatory uncertainties. Stop losses below $0.85 support would limit downside exposure while allowing room for normal market fluctuations.
Conclusion
FTX Token’s current rally appears driven by legitimate fundamental developments rather than pure speculation. The $16.5 billion repayment plan represents a significant step toward resolving FTX’s creditor obligations, potentially unlocking substantial value for FTT holders. With technical indicators showing neutral to bullish readings and key support levels holding firm, the FTT price appears poised for further gains toward $1.30 resistance. However, traders should remain vigilant for regulatory developments that could quickly shift sentiment in this volatile recovery story.
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