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. FTX has just crossed the lower Bollinger Band® at $1.39, indicating a downward correction could occur..
Examining the technical analysis landscape, FTX Token is likely to reverse course and start pointing downward in the short term.
FTX Token shows positive signs, other assets are also on par: having closed the previous session at $1,877.66, Ethereum is up 2.84% today to currently trade at around $1,931. TRON gained 1.33% and is now trading at $0.07.
Meanwhile, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.
FTX traded as high as $41.46 before shedding 95.04% lower over the past six months. With an average daily volume of 19.60 million.