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

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..

Overall, looking at the technical analysis landscape, it seems FTX Token is likely to reverse course and start pointing down in the short term.

At the same time, Binance Coin is trading around $274.9 (down $29.8). Dogecoin closed at $0.066 (down 8.32%). After ending today's session at $0.911, EOS lost $0.073 and is trading around $0.838.

FTX Token reached a significant high of $41.46 around 11 months ago but has lost 97% since then. With an average daily volume of 19.60 million.