FTT's recent performance indeed makes people sigh. Looking at the weekly chart, this coin has fallen from a peak of $4.4 to now $0.5597, a decline of 85.73%, which can be considered a quite thorough downtrend.

Today, although it rose by 16 points and looks a bit promising, from a technical perspective, the pressure is still significant. The SAR indicator is around 1.0523, nearly twice the current price, indicating limited room for a rebound. Looking at the trading volume, although there are some signs of activity, it appears somewhat pale in the face of a long-term downtrend.

Such pullbacks are not uncommon in the crypto market. Based solely on today's gains, there's nothing conclusive; the key is whether it can hold steady above the technical support levels in the future. Otherwise, this rebound might just be a fleeting moment, and downward pressure still exists. This is why analyzing the crypto market requires calmness—today's slight green does not change the overall trend direction.