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March 06, 2023
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.
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 Avalanche is up 2.48%. Tezos USD gained 1.57% and is currently trading at $1.14.
At the same time, Litecoin is down $1.34 from the beginning of the session and now trades around $88.58.
Having soared to a high of $51.96 approximately 11 months ago, FTX Token is now trading 97.61% lower. FTX Token has a market cap of 447.86 million with an average daily volume of 19.60 million.
