FTX Token (FTT) price is up following news that the exchange will begin payments to Bahamas creditors on February 18. Despite this positive development, FTT is still fighting to maintain levels above $2 as technical indicators show mixed signals.

While RSI has recovered from oversold conditions and bullish momentum is building, ADX remains weak, suggesting that trend strength is not yet fully established. If FTT can break key resistance levels, it could push toward $3. However, a failure to hold current support may lead to a deeper pullback.

FTT Downtrend Is Losing Its Steam, But the Uptrend Is Still Consolidating

FTT DMI chart shows that its ADX has dropped to 23.4, down from 41 just four days ago. This decline suggests that the strength of the previous downtrend is weakening.

ADX measures trend intensity but does not indicate direction. That means that while FTT is attempting to form an uptrend, the lower ADX suggests the momentum behind this move is not yet strong.

If ADX falls further below 20, it could indicate consolidation, while a rebound above 25 would signal a strengthening trend.

ADX is a key part of the Directional Movement Index (DMI) that tracks trend strength. Values above 25 indicate a strong trend, and readings below 20 suggest weak or indecisive price action.

Meanwhile, FTX Token +DI has surged to 27.7 from 14.1 in just one day, signaling increasing bullish pressure, while -DI has dropped from 26.5 to 15.3, showing that bearish momentum is fading.

This crossover, where +DI moves above -DI, supports the case for an uptrend. If ADX starts rising again, FTT could see a stronger bullish continuation, but if ADX remains weak, the price may struggle to gain momentum.

FTT RSI Is Rising Fast

FTT’s Relative Strength Index (RSI) is currently at 59.2, up significantly from 22 just three days ago, after the announcement that FTX will start paying Bahamas creditors from February 18.

This sharp increase suggests that buying pressure has returned after FTT was in oversold conditions. An RSI below 30 typically signals that an asset is oversold and due for a rebound, which aligns with FTT’s recent price recovery.

Now approaching the 60 level, momentum is turning more bullish, though FTX Token still needs to push higher to confirm a strong upward continuation.

RSI is a momentum indicator that measures the strength and speed of price movements on a scale from 0 to 100. Readings above 70 suggest an asset is overbought and may be due for a pullback, while readings below 30 indicate oversold conditions and a potential price recovery.

With FTT’s RSI now at 59.2, it is nearing overbought territory but still has room to climb. If RSI crosses above 60, it could indicate further bullish momentum. However, if it starts declining, FTT may consolidate before making its next move.

FTT Price Prediction: Can FTT Rise to $3 In February?

FTX Token’s EMA lines show that its short-term moving averages are still below the long-term ones but are gradually moving upward. If they cross above the long-term EMAs, it will form a golden cross. This is a bullish signal that could push FTT toward the next resistance levels at $2.32 to $2.44.

A successful breakout above these levels could open the door for a further move to $2.77. Additionally, speculation around Donald Trump potentially pardoning FTX co-founder Sam Bankman-Fried could trigger a surge in FTT’s price, pushing it toward $3 or even $4.

On the other hand, if FTT price fails to establish an uptrend, it may struggle to hold its current levels. A drop toward the $1.89 support could indicate weakening momentum. If that level is lost, the token could fall as low as $1.50.

With EMA lines still in a bearish setup, the market remains at a critical point where either a confirmed breakout or a deeper pullback could unfold.

TRUMP price is up roughly 10% in the last 24 hours, bringing its market cap back close to $4 billion. Despite this rebound, TRUMP has lost its third-place ranking among the largest meme coins to PEPE.

While RSI has recovered from oversold levels and price action is improving, BBTrend remains in deeply negative territory, signaling lingering bearish pressure. The meme coin now faces a critical test—if the current uptrend continues, it could reclaim key resistance levels, but rebound selling pressure could influence a move back toward lower supports.

TRUMP RSI Is Recovering From Oversold Levels, But It’s Still Neutral

TRUMP Relative Strength Index (RSI) is currently at 48.5, rising from 27.8 just two days ago after hitting a low of 19.8 four days ago. This sharp recovery indicates that buying pressure has returned after TRUMP was in deeply oversold conditions.

An RSI below 30 suggests that an asset is oversold and could be due for a rebound, which aligns with the recent price action. Now at 48.5, TRUMP’s RSI is at its highest level in weeks, showing that momentum is shifting toward a more neutral stance, though it has not yet entered bullish territory.

RSI is a momentum indicator that measures the speed and magnitude of price movements on a scale from 0 to 100. Readings above 70 suggest overbought conditions and a potential pullback, while readings below 30 indicate oversold conditions and a possible recovery.

With TRUMP RSI now at 48.5, it is nearing the 50 level, which often signals a balance between buying and selling pressure. If RSI continues rising and crosses 50, it could indicate growing bullish momentum.

However, if the RSI struggles to break higher, TRUMP may remain in a consolidation phase before making its next move.

TRUMP BBTrend Is Still Very Low

TRUMP BBTrend is currently at -45.07, marking its ninth consecutive day in negative territory. While it briefly turned positive on February 1, reaching 0.16, it quickly reversed and continued its downward trend.

Yesterday, the BBTrend was at -49.29, meaning there has been a slight improvement, but it remains deeply negative. This prolonged period of weakness suggests that TRUMP is still in a bearish phase, struggling to regain strong momentum.

BBTrend (Bollinger Band Trend) measures the strength and direction of a trend based on Bollinger Bands. A positive BBTrend indicates bullish momentum, while a negative reading signals bearish conditions.

With TRUMP’s BBTrend now at -45.07 but slightly improving from -49.29, the bearish pressure is still dominant, though selling momentum may be slowing.

If the BBTrend continues rising toward zero, it could suggest that TRUMP is stabilizing. If it remains negative, the downtrend could persist.

TRUMP Price Prediction: Can the Meme Coin Reclaim $30 In February?

If the current uptrend holds, TRUMP price could continue its recovery and test the resistance at $24.58. A breakout above this level could push the price higher, with the next major target around $30.47.

That would possibly make TRUMP reclaim the third spot among the biggest meme coins, surpassing PEPE.

Given the recent improvement in RSI, bullish momentum is building, but TRUMP still needs to clear key resistance levels to confirm a sustained uptrend.

On the other hand, BBTrend remains negative, suggesting that recent gains could be short-lived. If bearish pressure returns, TRUMP price may test the support at $18.56, and if that level breaks, it could drop further to $15.98, marking new lows.

The market is at a critical point where a rejection at resistance could lead to a deeper correction. For the meme coin to maintain its uptrend, it needs to hold above key support levels and break through resistance with strong momentum.

Anonymous hackers took over the X account of the former Malaysian Prime Minister Mahathir Mohamad to promote a fake meme coin. Hackers are leveraging the hype around US President Donald Trump’s meme coin for wider rug pulls.

This incident is one of several meme coin scams using a political veneer. The former President of Brazil was targeted in a similar attack last month, but these hackers are probably affiliated with the infamous Russian Evil Corp.

MALAYSIA: The Latest Fake Meme Coin

Social media scams are growing in the crypto space, and it’s hard to tell how to prevent them. In a particularly egregious example, hackers used a former Malaysian prime Minister to shill a meme coin.

Mahathir Mohamad was the country’s longest-serving Prime Minister, and his social media accounts began endorsing MALAYSIA:

“Malaysia’s Official Cryptocurrency MALAYSIA is Now Live on Solana! This marks a significant milestone in showcasing the strength of our people and out nation’s presence in the digital economy. It is an honor for us to demonstrate Malaysia’s power on the global crypto network,” the fraudulent social media post claimed.

The post was removed within an hour, but the damage was done. Analysis shows that these hackers were probably related to the infamous Evil Corp, and that they managed to steal $1.7 million in this rug pull.

According to data from GeckoTreminal, the token’s market cap jumped to $1.7 million in just 15 minutes after the fake tweet and quickly collapsed. The hackers were able to liquidate this amount in less than an hour.

This MALAYSIA scam is just one component of a rising trend of fake political meme coins. Since scammers used the TRUMP token to steal $857 million, it’s been open season.

A former Brazilian President was hacked to shill one fake token, and another claimed to represent the US Treasury. Ethereum founder Vitalik Buterin officially raised the alarm about this trend.

However, these scams aren’t just limited to political topics. Crypto sleuth ZachXBT claimed that Coinbase users lost at least $150 million to scammers, and Scam Sniffer reported a 2000% increase in Telegram-based phishing attacks since November.

Ultimately, it doesn’t look like these scams are going anywhere anytime soon. Analysts have speculated that the rise of meme coins has destroyed altcoin season by redirecting capital investment and community interest to this sector.

If meme coins have this much power, fake tokens will continue receiving speculative investments.