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. Having crossed its lower Bollinger Band® at $1.39, FTX could be headed for a downward correction.
Overall, looking at the technical analysis landscape, it seems FTX Token is likely to reverse course and start pointing down in the short term.
FTX shows positive signs, other assets are also on par: UNICORN Token USD soars 44.76% to trade around $0.001. Bitcoin Cash added 6.72% to its value, now trading at $145.58. Solana is up 6.21% to $26.47.
Approximately 10 months ago, FTX Token reached a significant high of $51.96 but has struggled to hold onto its gains and declined 97.61% since then. FTX Token is currently trading with a market cap of 447.86 million with an average daily volume of 19.60 million.