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. Having crossed its lower Bollinger Band® at $1.39, FTX Token could be headed for a downward correction.
FTX is likely to reverse course and start pointing downward in the short term.
FTX shows positive signs, other assets are also on par: having closed the previous session at $1.13, MaticNetwork USD is up 1.88% today to currently trade at around $1.15.
At the same time, Algorand USD is trading around $0.22 (down $0.006). EOS is trading around $1.19 (down $0.019).
FTX has fallen back around 97.61% over the past 11 months, from a notable high of $51.96. FTX Token has a market cap of 447.86 million with an average daily volume of 19.60 million.