FTX Token cryptocurrency trades up $0.119, approximately 9.54% higher this afternoon

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 Token shows positive signs, other assets are also on par: Tezos USD increases 6.84% to trade around $1.3.

At the same time, after ending today's session at $24.96, Solana lost $1.31 and is trading around $23.65. After ending today's session at $145.18, Bitcoin Cash lost $4.73 and is trading around $140.45.

FTX Token is now trading 97.61% below the significant high of $51.96 it set around 10 months ago. FTX Token has a market cap of 447.86 million with an average daily volume of 19.60 million.