FTX Token (FTT) has seen a surge in price after the announcement that the exchange will commence payments to Bahamas creditors on February 18. Despite this positive news, FTT is currently grappling to sustain levels above $2, as technical indicators are displaying mixed signals.

The Relative Strength Index (RSI) has bounced back from oversold conditions, indicating a bullish momentum is forming. However, the Average Directional Index (ADX) remains weak, suggesting that the trend strength has yet to solidify. Breaking through crucial resistance levels could propel FTT towards $3, but a failure to maintain current support might trigger a deeper retracement.

The declining ADX on the FTT DMI chart signifies a weakening downtrend momentum, while the +DI surge and -DI decrease point to increasing bullish pressure. This supports the potential for an uptrend, pending a rise in ADX to ensure a robust bullish continuation.

Furthermore, the RSI has climbed significantly to 59.2, indicating a resurgence in buying pressure after being oversold. Moving toward the 60 level suggests a more bullish momentum, though FTX Token needs to continue upward to confirm a strong trend.

FTT's EMA lines hint towards a possible golden cross formation, signaling a bullish trend that could propel FTT towards resistance levels of $2.32 to $2.44, with potential upward targets of $2.77 and beyond, especially with speculations of potential actions by key figures in the industry.

In conclusion, FTT's price movement remains critical, with the market poised for either a confirmed breakout or a deeper pullback, pending further developments and market dynamics.