FTX Token’s Fragile Recovery Amid Creditor Payout Developments

FTX Token (FTT) has shown a tentative recovery, gaining 3.88% to reach $0.94, despite bearish technical signals. The Relative Strength Index (RSI) remains neutral at 51.94, but underlying weakness persists as the Moving Average Convergence Divergence (MACD) indicates continued selling pressure. Fundamental support comes from the approval of $1.9 billion in creditor payouts, set for distribution in September 2025. However, market reaction has been lukewarm, with bears eyeing the critical $0.81 support level. This article delves into the fragile recovery of FTT, analyzing both technical and fundamental factors influencing its price action.

FTX Token Shows Fragile Recovery Amid Bearish Technical Signals

FTX Token (FTT) clawed back 3.88% to $0.94 in a tentative rebound, though technical indicators flash warning signs. The RSI neutrality at 51.94 masks underlying weakness as MACD divergence hints at persistent selling pressure.

Creditor payout developments provide fundamental support—$1.9 billion approved for September distribution—yet market reaction remains tepid. Bears continue eyeing the $0.81 support level after last week's 5% drop, reflecting skepticism about FTT's near-term prospects.

FTX Token (FTT) Jumps 8.57% to $0.98 as Creditor Repayment Plan Sparks Rally

FTX Token surged to $0.98, marking an 8.57% gain, following the announcement of a $16.5 billion creditor repayment plan. The initial news triggered a 110% price spike to a nine-month high of $2.64 before settling into consolidation.

Market sentiment appears cautiously optimistic as trading volume surged 3,653%, signaling institutional interest rather than mere speculation. The token's RSI at 55.69 suggests neutral momentum with potential upside.

Regulatory developments continue to influence FTT's volatility, with a 6% dip to $0.91 on July 28th preceding today's recovery. The repayment plan represents a critical milestone in FTX's rehabilitation efforts.