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. Having crossed its lower Bollinger Band® at $1.39, FTX could be headed for a downward correction.

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

Meanwhile, Cardano is trading around $0.255 (down $0.008). After ending today's session at $4.56, Polkadot lost $0.152 and is trading around $4.41. After ending today's session at $0.479, Ripple lost $0.008 and is trading around $0.472.

FTX Token is now trading 96.05% below the significant high of $31.51 it set around 10 months ago. With an average daily volume of 19.60 million.