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 Token could be headed for a downward correction.

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

Other markets are also showing gains as Cardano is up 2.32%. Binance Coin added 1.17% to its value, now trading at $233.4. Having closed the previous session at $0.074, TRON is up 0.79% today to currently trade at around $0.074.

Over the past 10 months, FTX has retreated 96.05% from a noteworthy peak of $31.51. With an average daily volume of 19.60 million.