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 could be headed for a downward correction.

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

FTX shows positive signs, other assets are also on par: TRON improves 1.47% to trade around $0.078.

Meanwhile, UNICORN Token USD closed at $6.43 (down 2.98%). Litecoin is trading around $84.3 (down $1.65).

FTX is now trading 97% below the significant high of $41.46 it set around 11 months ago. With an average daily volume of 19.60 million.