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. FTX Token has just crossed the lower Bollinger Band® at $1.39, indicating a downward correction could occur..
Overall, looking at the technical analysis landscape, it seems FTX is likely to reverse course and start pointing down in the short term.
At the same time, MaticNetwork USD retreats 3.67% to trade around $0.953. EOS closed at $1.03 (down 2.16%). Bitcoin Cash is down to $117.19, losing $2.11, after closing at $119.3 in the preceding trading session.
FTX Token is now trading 97% below the significant high of $41.46 it set around 10 months ago. With an average daily volume of 19.60 million.