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June 19, 2023
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 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.
Other markets are also showing gains as Solana is up 3.16%. Bitcoin is up 1.45%. Having closed the previous session at $0.6, MaticNetwork USD is up 2.31% today to currently trade at around $0.612.
FTX Token reached a significant high of $31.51 around 10 months ago but has lost 96.05% since then. With an average daily volume of 19.60 million.
