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. Having crossed its lower Bollinger Band® at $1.39, FTX Token could be headed for a downward correction.

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

At the same time, Cosmos USD is down to $12.56, losing $0.614, after closing at $13.17 in the preceding trading session. TRON is down $0.001 from the beginning of the session and now trades around $0.066. Tezos USD is trading around $1.22 (down $0.038).

FTX has fallen back around 97.61% from the significant high of $51.96 set 11 months ago. With an average daily volume of 19.60 million.