As of early May 2025, FTX Token (FTT) is trading at around $1.15. This marks a strong 19.71% gain since yesterday and a 2.18% increase in the past hour. With a 24-hour trading volume of over $54 million and a circulating supply of approximately 328 million tokens, FTT is showing renewed signs of life despite overall market uncertainty. This momentum has also reignited interest in FTX price prediction discussions among traders and analysts.
Recent Trading Signals and Community Sentiment
FTT is currently trading above its 50-day Simple Moving Average (SMA) of $1.03, indicating short-term bullish momentum. However, it remains below the 200-day SMA of $1.96, suggesting a full recovery is still out of reach. Despite this, some technical analysts believe a breakout may be near.
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One trader, @WHALES_CRYPTOzz, suggested FTT could hit $4.30 if it breaks out of a falling wedge pattern.
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Another, @ayewaken, predicted a $4 price target for May based on market momentum.
FTX Repayments Driving Optimism
FTT's recent gains are largely tied to positive news around FTX’s bankruptcy proceedings. After several earlier rounds, a major repayment to creditors holding claims over $50,000 is scheduled for May 30, 2025. These repayments could increase crypto market liquidity and renew investor interest.
Also Read: IOTA Price Prediction 2025, 2026 – 2030
Legal Efforts and Recovery Progress
FTX has also filed lawsuits against NFT Star and Delysium, aiming to recover millions in undelivered tokens. These actions are seen as positive steps in asset recovery, potentially boosting trust in the platform’s restructuring.
Final Thoughts
While FTT remains a high-risk asset, its recent price movement and community sentiment suggest it could be preparing for a strong breakout. Traders are watching closely to see if the $1.15 level holds and whether a push toward $4 becomes reality.
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