FTX Token (FTT) climbed 33.43% in 24 hours toward $0.30 as renewed altcoin rotation and speculative liquidity revived interest in smaller-cap tokens. Spot trading volume jumped 2,187% to $26.6 million, far outpacing the price increase and highlighting the speculative nature of the rally. CoinGlass data showed spot netflows of roughly $618.93K on September 20, indicating that more tokens entered exchanges than left and adding potential supply pressure. Technically, FTT broke above a multi-month descending channel, cleared $0.2523 resistance and reclaimed support near $0.2800. The token traded around $0.2988, with $0.3464 as the next immediate resistance, while its relative strength index (momentum indicator) reached 80.11, above the 70 overbought threshold. Holding $0.2800 could preserve the breakout structure, while a deeper retracement could return attention to $0.2523.