FTX cryptocurrency trades up $0.119, approximately 9.54% higher going into tomorrow

After closing the previous trading day at $1.24, FTX is up to $1.36, which makes for a move of 9.54%/$0.119 today.

The Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Having crossed its lower Bollinger Band® at $1.39, FTX Token could be headed for a downward correction.

FTX is likely to reverse course and start pointing downward in the short term.

Meanwhile, Bitcoin closed at $27,920 (down 4.54%). Cosmos USD closed at $10.89 (down 5.37%). NEAR Protocol closed at $1.82 (down 5.86%).

FTX Token has shed 95.08% over the past six months. With an average daily volume of 19.60 million.