FTX Token slides down from $1.45 to $1.39 today, losing $0.06 (4.15%).
FTX Token made an initial break below its 3 day Simple Moving Average at $1.41, a possible indication of a forthcoming negative trend. In contrast, FTX Token could begin to recover as it approaches significant support, now 1 cents away from $1.39. Dipping below could be an indication that further losses are ahead.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts FTX Token to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the FTX Token is expected to attract significant bearish sentiment in the coming days.
In the meantime, negative performances are also seen in other markets, after ending today's session at $0.1, Dogecoin lost $0.004 and is trading around $0.096. Litecoin slides down 3.94% to trade around $76.65. Algorand USD is down $0.012 from the beginning of the session and now trades around $0.222.
FTX has shed 94.33% over the past three months. FTX has a market cap of 458.57 million with an average daily volume of 3.89 million.