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

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

FTX shows positive signs, other assets are also on par: Bitcoin Cash is up 14.03%.

At the same time, Algorand USD closed at $0.13 (down 5.36%). Cardano is down to $0.28, losing $0.012, after closing at $0.292 in the preceding trading session.

Having set a significant high of $31.51 10 months ago, FTX is trading 96.05% lower. With an average daily volume of 19.60 million.