FTX Token surges 20.7% as volume and Open Interest spike, testing key resistance at $0.3824.

FTX Token (FTT) sharply rebounded with a 20.7% gain in 24 hours, driven by a massive 1,087.55% surge in trading volume to $29 million and a 23.97% rise in Open Interest to $750.5K. Buyers defended a critical support level at $0.2235, pushing the price back above $0.2846 and signaling easing selling pressure. Positive funding rates and increased derivatives activity suggest bullish trader sentiment, but the price faces a major resistance at $0.3824. Breaking this level could confirm a trend reversal, while failure may lead to renewed selling and focus on lower supports.