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.

FTX Token is likely to reverse course and start pointing downward in the short term.

FTX shows positive signs, other assets are also on par: EOS moves up 2.79% to trade around $1.15. TRON added 0.78% to its value, now trading at $0.066.

Meanwhile, UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

Over the past 11 months, FTX Token has retreated 97.61% from a noteworthy peak of $51.96. FTX is currently trading with a market cap of 447.86 million with an average daily volume of 19.60 million.