FTX Token (FTT) surged 33.43% in 24 hours, approaching the $0.30 mark amid renewed altcoin rotation and speculative trading activity. Spot volume exploded 2,187% to reach $26.6 million, reflecting a massive influx of speculative buyers. Exchange netflows hit approximately $618,930 on September 20th, signaling increased supply pressure on exchanges. Technically, the breakout cleared the $0.2523 resistance and reclaimed the $0.28 support level, but the daily RSI at 80.11 indicates overbought conditions with elevated near-term pullback risk. Immediate resistance now stands at $0.3464, while a deeper correction could retest the $0.2523 support level.
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