FTX Token cryptocurrency trades up $0.119, approximately 9.54% higher this morning

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. 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.

Other markets are also showing gains as UNICORN Token USD is up 1.62% to $6.47.

Meanwhile, NEAR Protocol closed at $2.19 (down 1.5%).

FTX is now trading 97.23% below the significant high of $44.83 it set around 11 months ago. With an average daily volume of 19.60 million.