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

FTX is likely to reverse course and start pointing downward in the short term.

Other markets are also showing gains as MaticNetwork USD ascends 4.47% to trade around $0.713.

Meanwhile, Litecoin is down $6.41 from the beginning of the session and now trades around $106.67. Bitcoin Cash is trading around $285.74 (down $12.95).

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