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

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.

Other markets are also showing gains as Dogecoin climbs 1.66% to trade around $0.09. Bitcoin Cash is up 1.15%.

At the same time, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.

10 months ago FTX reached a significant high of $41.46 but has consequently lost 97% since then. With an average daily volume of 19.60 million.