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. 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 Token is likely to reverse course and start pointing down in the short term.

Other markets are also showing gains as Binance Coin goes up 2.75% to trade around $247.04.

Meanwhile, Bitcoin Cash is trading around $291.25 (down $15.46). Litecoin closed at $105.56 (down 2.9%).

10 months ago FTX reached a significant high of $31.51 but has consequently lost 96.05% since then. With an average daily volume of 19.60 million.