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June 01, 2023After 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. 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 Token is likely to reverse course and start pointing down in the short term.
Meanwhile, after ending today's session at $0.517, Ripple lost $0.013 and is trading around $0.504. Cardano closed at $0.365 (down 2.56%). After ending today's session at $27,237, Bitcoin lost $401.73 and is trading around $26,835.
11 months ago FTX reached a significant high of $41.46 but has consequently lost 97% since then. With an average daily volume of 19.60 million.
