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FTT's recent performance indeed makes people sigh. Looking at the weekly chart, this coin has fallen from a peak of $4.4 to now $0.5597, a decline of 85.73%, which can be considered a quite thorough downtrend.
Today, although it rose by 16 points and looks a bit promising, from a technical perspective, the pressure is still significant. The SAR indicator is around 1.0523, nearly twice the current price, indicating limited room for a rebound. Looking at the trading volume, although there are some signs of activity, it appears somewhat pale in the face of a long-term downtrend.
Such pullbacks are not uncommon in the crypto market. Based solely on today's gains, there's nothing conclusive; the key is whether it can hold steady above the technical support levels in the future. Otherwise, this rebound might just be a fleeting moment, and downward pressure still exists. This is why analyzing the crypto market requires calmness—today's slight green does not change the overall trend direction.
Honestly, one green candle doesn't change much; it depends on whether it can really stabilize.
The story of this coin was written long ago. Now it's just a matter of whether anyone still wants to take the final hit.
A rebound is ultimately just a rebound; in the face of the trend, it's all just fleeting clouds.
Another classic dead cat bounce—looks hopeful, but in reality... it's just nothing.
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What can a little green energy change, SAR is still holding it down
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That's why I don't touch coins without fundamentals. The most explosive rebounds are the most虚虚虚
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Just look at the trading volume, no one wants to take over
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Another fleeting market, it's always like this
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Calm analysis is correct, but honestly, those holding FTT now are probably already exhausted
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The pressure is far more than double, is there any room for imagination?
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The long-term downward trend remains unchanged, a rebound is a good opportunity to sell off
A single SAR resistance can wipe out twice the increase, how do you play that?
With such poor trading volume, you still want a rebound? Dream on.
A fleeting moment, well said. Just waiting for the next round of bottoming out.
Oh wait, can this rebound hold steady? Feels like it's going to be smashed down again.
With an 85% decline, I think it still has to fall further.