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. FTX Token has just crossed the lower Bollinger Band® at $1.39, indicating a downward correction could occur..

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

At the same time, Ethereum closed at $1,928.36 (down 3.47%). Dogecoin goes down 2.73% to trade around $0.078. Litecoin is down $2.18 from the beginning of the session and now trades around $86.65.

FTX traded as high as $41.46 before shedding 94.75% lower over the past six months. With an average daily volume of 19.60 million.