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 could be headed for a downward correction.

Examining the technical analysis landscape, FTX is likely to reverse course and start pointing downward in the short term.

FTX shows positive signs, other assets are also on par: Polkadot gained 0.86% and is now trading at $5.46.

Meanwhile, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.

FTX Token is now trading 97% below the significant high of $41.46 it set around 11 months ago. With an average daily volume of 19.60 million.