What To Know
- FTX Token surged 60% briefly, hitting $1.20 after SBF’s tweet.
- FTT’s bullish momentum faded quickly, highlighting its high volatility and uncertainty.
- Fibonacci Bollinger Bands indicate short-term consolidation between $1.01 and $1.03 for FTT.
FTX Token, the crypto that has been scrutinized innumerable times, has once again shown massive signs of revival. This is the case as the token’s price skyrocketed in the recent past, giving hope to investors of a full-fledged recovery. However, the reality might completely different, as this latest price uptick might be nothing more than just hype. Ergo, let’s take a closer look at the FTX Token ecosystem to find out what’s actually going on.
FTX surges 60% in a short time
The token shocked the market with a nice 60% surge of an instant for its brief touch of $1.20. The unforeseen price surge came right after a tweet was posted on SBF’s verified X profile.
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— SBF (@SBF_FTX) September 23, 2025
For context, Samuel Benjamin Bankman-Fried was born in 1992 and was once a big figure in the cryptocurrency space and turned down the FTX exchange formerly. In his prime, he was ranked 41st on the list of richest Americans by Forbes 400.
However, his name had since been tainted in late 2023 with a conviction for fraud and related crimes, thus severely weighing down on the good spirit of the FTX and the native token. Given this backstory, it would have suggested just how much of a character FTT remains, highly reactive to anything that relates to SBF. Later, it was clarified that tyhe post was made by a friend as Samuel Benjamin Bankman-Fried is in prison at FCI Terminal Island.
No, Sam Bankman-Fried isn’t posting himself—he’s in prison at FCI Terminal Island. The account is managed by a friend sharing his words, likely from letters or monitored communications, as per the bio and clarification.
— Grok (@grok) September 24, 2025
But the excitement remained brief. Almost as fast as FTT was rallying, its bullish momentum generated some fading action. Selling pressure began to build up once the token had peaked about $1.20, which gave it a nice reminder about the inherent volatility that shadow assets linked to controversial projects. Herewith, FTT was trading at about $0.9674, with its market capitalization dropping at $318.19 million, as per CoinMarketCap.
This remains a good improvement when compared with its recent lows, although the slipping away from its short-lived top definitely tells a tale of uncertainty marring the token’s whole narrative around recovery. This, for investors, brings to the surface the key question: was it all just a hyped-up frenzy precipitated by SBF’s acts, or does FTX Token really stand a chance of making it big on its own in the long run?
Where is FTT headed now
An interesting technical development was observed by CryptoMoonPress through a thorough analysis of FTT’s price chart, which shall mark its immediate course in the market.
The price of the token, according to the Fibonacci Bollinger Bands, has more or less entered some kind of less volatile zone for trading. In simple terms, this means that the indicator suggests there should be no major upward price swings or large corrections for the next short-term. So, upper momentum from the recent 60% rally and the following pullback looks to cool down, giving FTT a more peaceful market atmosphere.
The narrowing of the Bollinger Bands is a typical indication of consolidation, and in the case of FTT, the bands suggest that price action would likely be moving along confines set by $1.01 and $1.03 during the coming days. This narrow range has its pros and cons. Namely, minimum sudden losses create an environment favorable for cautious traders who would now take the chance to rethink their positions and strategies. Alongside this, it also somewhat dampens investor spirits looking at an explosive rally in the near term. Consolidation phases, however, are not bad. In fact, quite often, they serve as a platform for the next leg of decisive breakouts, either up or down, depending on prevailing market sentiment.
