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. FTX 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.
Meanwhile, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43. After ending today's session at $1.21, EOS lost $0.01 and is trading around $1.2. Polkadot closed at $6.48 (down 0.87%).
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 Token is currently trading with a market cap of 447.86 million with an average daily volume of 19.60 million.