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.

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

At the same time, EOS is down to $0.994, losing $0.051, after closing at $1.04 in the preceding trading session. Litecoin is down $2.04 from the beginning of the session and now trades around $69.59. After ending today's session at $1, Tezos USD lost $0.021 and is trading around $0.979.

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