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 $1.43, indicating a downward correction could occur.. On the other hand, note that 'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end.
Overall, looking at the technical analysis landscape, it seems FTX is likely to reverse course and start pointing down in the short term.
Other markets are also showing gains as UNICORN Token USD is up 2,545,118%.
At the same time, Dogecoin is down $0.005 from the beginning of the session and now trades around $0.092. After ending today's session at $1.06, EOS lost $0.028 and is trading around $1.04.
FTX Token is now trading 95.11% below its 3-month high of $51.96. FTX Token is currently trading with a market cap of 447.86 million with an average daily volume of 42.68 million.