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 Token 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.

Other markets are also showing gains as EOS climbs 1.08% to trade around $1.23. Having closed the previous session at $6.37, UNICORN Token USD is up 1.62% today to currently trade at around $6.47. Having closed the previous session at $0.384, Cardano is up 1.53% today to currently trade at around $0.39.

FTX traded as high as $45.12 before shedding 94.84% lower over the past six months. With an average daily volume of 19.60 million.