Breaking: FTT Has to Break This Price Levels to Start A Bullrun

The defunct platform native token FTT has been on a falling wedge lately losing about 50% of value as the long lasting lawsuit against her founders most especially Sam Bankman-fried is showing no signs of ending.

The token has long been oversold with the RSI at 38.45 further solidifying our thesis and in order for FTT to start a trend reversal to recent highs it has to break through the 78.6 and 38.2% Fibonacci retracements levels respectively in other to pave way for a bullish spree.

In a Recent new, according to a Bloomberg report, the FTX bankruptcy case has cost almost $1 billion in fees, making it one of the costliest bankruptcy cases in America’s history. So far, lawyers have collected around $948 million to work on the Chapter 11 case through January 2. Meanwhile, court records show that the court has approved over $952 million in fees.

This revelation comes following the FTX repayments, which kicked off on February 18. Despite the hefty fees paid for the bankruptcy case, legal experts suggested to Bloomberg that it was worth it, seeing as these lawyers were able to track billions of dollars in digital assets and cash, which the defunct exchange had scattered across several networks of accounts.