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. Having crossed its lower Bollinger Band® at $1.39, FTX could be headed for a downward correction.

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

Other markets are also showing gains as having closed the previous session at $0.862, EOS is up 2.67% today to currently trade at around $0.885.

At the same time, UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43. Algorand USD is trading around $0.122 (down $0.003).

Since its 52-week high of $31.51, FTX has lost 96.97% over the last twelve months. With an average daily volume of 19.60 million.