FTX recovering almost all the way back to $1.49 today, after dipping down to $1.34.
FTX Token pushed below the $1.44 support level and extended 6 cents beyond it. FTX Token made an initial break below its 21 day Simple Moving Average at $1.34, a possible indication of a forthcoming negative trend.
Looking forward, FTX is poised to extend its strong downtrend and continue declining.
In the meantime, negative performances are also seen in other markets, Binance Coin is down to $267.59, losing $9.23, after closing at $276.82 in the preceding trading session. Tezos USD is down to $0.937, losing $0.025, after closing at $0.962 in the preceding trading session.
Positive performances can be seen by looking at other markets as Bitcoin Cash added 2.51% to its value, now trading at $109.08.
FTX is now trading 94.77% below its 3-month high of $51.96. FTX is currently trading with a market cap of 452 million with an average daily volume of 11.16 million.