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 has just crossed the lower Bollinger Band® at $1.39, indicating a downward correction could occur..

Overall, looking at the technical analysis landscape, it seems FTX is likely to reverse course and start pointing down in the short term.

FTX shows positive signs, other assets are also on par: TRON goes up 4.53% to trade around $0.078. Cardano is up 2.57% to $0.37.

Meanwhile, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.

11 months ago FTX Token reached a significant high of $41.46 but has consequently lost 97% since then. With an average daily volume of 19.60 million.