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..

FTX is likely to reverse course and start pointing downward in the short term.

Other markets are also showing gains as EOS is up 1.92% to $1.15. Bitcoin ascends 1.24% to trade around $23,843.

At the same time, UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

Approximately 11 months ago, FTX reached a significant high of $51.96 but has struggled to hold onto its gains and declined 97.61% since then. FTX is currently trading with a market cap of 447.86 million with an average daily volume of 19.60 million.