FTX cryptocurrency trades up $0.119, approximately 9.54% higher this afternoon

After 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 is likely to reverse course and start pointing down in the short term.

FTX Token shows positive signs, other assets are also on par: Binance Coin climbs 3.3% to trade around $317.74. Litecoin improves 3.6% to trade around $79.44. Tezos USD is up 4.21% to $1.2.

FTX has fallen back around 97.61% from the significant high of $51.96 set 11 months ago. With an average daily volume of 19.60 million.