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

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.

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 UNICORN Token USD is up 1.62%.

At the same time, Dogecoin is down to $0.092, losing $0.001, after closing at $0.092 in the preceding trading session.

Meanwhile, TRON moves 0.45% to trade around $0.066.

FTX traded as high as $45.12 before shedding 94.9% lower over the past six months. With an average daily volume of 19.60 million.