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 Bitcoin is up 1.94%. Cosmos USD is up 2.83%.
At the same time, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.
FTX traded as high as $41.46 before shedding 94.88% lower over the past six months. With an average daily volume of 19.60 million.