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 Token could be headed for a downward correction.

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

At the same time, UNICORN Token USD is trading around $6.43 (down $0.197). NEAR Protocol is down to $1.61, losing $0.049, after closing at $1.66 in the preceding trading session. Bitcoin Cash is down $1.53 from the beginning of the session and now trades around $114.23.

Having soared to a high of $41.46 approximately 11 months ago, FTX is now trading 97% lower. With an average daily volume of 19.60 million.