The previous run up it bounced off the 50MA 4H several times after a bigger pump. It's seems to have found solid support at $3.20 and is approaching both the 50 MA and an older trendline. It passed through a more recent trendline and it could still drop to $3 quickly, but if you're looking for an entry, it does look like a good long opportunity (not financial advice :)).
Just an idea, but we're approaching the point of a long term trendline and the 50 EMA. The next 1.608 fib level is at 8200 sats which could be a next target. FTX has enough news in the pipeline and FTT has been a rock solid performer. It should have a lot more upside potential this cycle.
