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June 22, 2023
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. Having crossed its lower Bollinger Band® at $1.39, FTX Token could be headed for a downward correction.
Overall, looking at the technical analysis landscape, it seems FTX is likely to reverse course and start pointing down in the short term.
Other markets are also showing gains as Dogecoin improves 3.87% to trade around $0.068. Having closed the previous session at $0.68, EOS is up 3.29% today to currently trade at around $0.702. Cardano is up 3.65% to $0.297.
FTX has fallen back around 96.05% from the significant high of $31.51 set 10 months ago. With an average daily volume of 19.60 million.
