BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

FTX Price Prediction: FTT Is Down To $1.19 With Bears Holding Its Legs

BlockNews Team by BlockNews Team
November 22, 2022
in CRYPTO, FINANCE, GUIDES
Reading Time: 3 mins read
1
SHARES
15
VIEWS
Share on XShare in TelegramShare on Reddit

FTX Token price trades at $1.198 with a bearish bias, with sellers determined to pull it lower. The price of FTT, the FTX exchange platform’s native token, has been bleeding for the past two weeks following the demise of the Sam Bankman-Fried-led crypto company. SBF and FTX’s top leadership have been accused of mismanaging customer funds on the exchange in a situation that the newly appointed CEO John J. Ray describes as “a complete loss of corporate governance,” according to a bankruptcy filing published on Thursday.

Exchanges Delist FTT

As the FTX fiasco continues to impact the crypto market, several cryptocurrency trading platforms have removed support for FTT. Binance, BitMEX, and KuCoin are among some of the top digital asset exchanges that delisted FTX token trading pairings. 

In a November 14 tweet, the world’s largest crypto exchange Binance announced that it had removed support for the FTT/BTC, FTT/BNB, FTT/ETH, and FTT/USDT trading pairs from its platform. According to the post, FTT had not met the required standards to protect users. 

At #Binance we conduct regular reviews of listed assets to ensure they meet our standards to protect our users.

Based on our recent reviews, we will remove and cease trading of several $FTT trading pairs on 2022-11-15 04:30 (UTC):

🔸FTT/BNB
🔸FTT/BTC
🔸FTT/ETH
🔸FTT/USDT

— Binance (@binance) November 14, 2022
Via @binance – Twitter

However, the FTT/BUSD trading pair is still listed on the exchange. 

The decision by Binance to delist the coin was a response to requests from the community that the Changpeng Zhao-led exchange remove support for the token. Crypto influencers such as Cevo urged Binance CEO Zhao last week to take stern action against FTT and all FTX-related assets to protect customers. 

Similarly, BitMEX delisted the FTT perpetual swap contracts. This applies to the FTT/USD and FTT/USDT pairings. The Seychelles-based crypto exchange attributed the delisting to a drop in spot trading of the pairs. In addition to BitMEX and Binance, KuCoin, like BitMEX, has delisted its FTT/USDT perpetual contract on KuCoin Futures.

The move by exchanges to delist FTT has added to the pessimism in the FTX token market, adding to the price’s headwinds. 

In a Twitter post, cryptocurrency and blockchain industry veteran Kyle Chassé reacted to the news of FTT being delisted by top crypto exchanges, saying, “So much can change within such a short space of time. This has truly taken one of the nastiest turns I’ve ever seen!”

FTX Price Analysis

FTT, the native token of the now-bankrupt FTX crypto exchange, has lost over 95% of its value from $26.62 at the beginning of November to trade just above $1.19 at press time. The token breached the support at $1.25 on Monday, which was the last line of defense.

The moving averages are facing down, and FTT trades in a second bearish session this week, indicating that the price is set to move lower. The Relative Strength Index (RSI) has been stuck in the oversold region since November 7, affirming the bears’ grip on the price. The price strength at 17.5 suggests that the sellers completely control FTT. 

As such, increased overhead pressure could see FTT drop to $0, losing all its value, just as was witnessed by LUNA in May. 

FTT believers should hold on to the $1.0 psychological level to avoid further losses. This would provide the necessary support and offer an entry position for those still wanting to invest in the token, despite the current market situation. 

If this happens, FTT may rise, first toward the $1.25 resistance level, then $2.15 before rising to tag the $4.0 psychological level. Is such a recovery possible for FTT? Well, it’s a long shot, but it could happen. Anything is possible in crypto. 

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: $FTTFTXGuides
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump
CRYPTO

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

September 2, 2025
Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase
BITCOIN

Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

September 2, 2025
VeChain Price Prediction: Can VET Hit $0.035 in September 2025?
CRYPTO

VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

September 2, 2025
Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon
CRYPTO

Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon

September 2, 2025
XRP and JP Morgan: Why This News Is Shaking Things Up
CRYPTO

XRP and JP Morgan: Why This News Is Shaking Things Up

September 2, 2025
PENGU Holds Key Support as Traders Wait for Next Move
CRYPTO

PENGU Holds Key Support as Traders Wait for Next Move

September 2, 2025
Load More

Related News

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

September 2, 2025
Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

September 2, 2025
VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

September 2, 2025
Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon

Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon

September 2, 2025
XRP and JP Morgan: Why This News Is Shaking Things Up

XRP and JP Morgan: Why This News Is Shaking Things Up

September 2, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews