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

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.

Meanwhile, after ending today's session at $89.27, Litecoin lost $12.51 and is trading around $76.76. Dogecoin plunges 13.57% to trade around $0.06. Cardano is down to $0.255, losing $0.04, after closing at $0.295 in the preceding trading session.

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.