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

After closing the previous trading day at $1.24, FTX Token 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. FTX Token has just crossed the lower Bollinger Band® at $1.39, indicating a downward correction could occur..

Examining the technical analysis landscape, FTX is likely to reverse course and start pointing downward in the short term.

Meanwhile, Litecoin is down to $77.44, losing $5.88, after closing at $83.32 in the preceding trading session. After ending today's session at $0.966, EOS lost $0.066 and is trading around $0.9. Ripple is down to $0.423, losing $0.026, after closing at $0.449 in the preceding trading session.

Approximately 11 months ago, FTX reached a significant high of $41.46 but has struggled to hold onto its gains and declined 97% since then. With an average daily volume of 19.60 million.