FTX Token cryptocurrency trades up $0.119, approximately 9.54% higher going into tomorrow

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. 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.

Meanwhile, Bitcoin is trading around $27,644 (down $519.05). MaticNetwork USD slides down 3.84% to trade around $0.906. Avalanche closed at $14.41 (down 3.49%).

Having set a significant high of $41.46 11 months ago, FTX Token is trading 97% lower. With an average daily volume of 19.60 million.