FTX cryptocurrency trades up $0.119, approximately 9.54% higher this afternoon

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..

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

FTX Token shows positive signs, other assets are also on par: having closed the previous session at $0.068, TRON is up 0.76% today to currently trade at around $0.068. Having closed the previous session at $6.37, UNICORN Token USD is up 1.62% today to currently trade at around $6.47.

Having soared to a high of $51.96 approximately 10 months ago, FTX Token is now trading 97.61% lower. FTX has a market cap of 447.86 million with an average daily volume of 19.60 million.