After closing the previous trading day at $22.46, FTX is up to $22.51, which makes for a move of 0.26%/$0.058 today.
Technical analysis trend indicators suggest that 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. Japanese candlestick formations show '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. Analysis based on the asset volatility indicates that FTX Token's lower Bollinger Band® is at $22.09, indicating that the market is oversold and fertile for new buyers.
With market volatility ebbing, the current technical outlook indicates FTX will remain range-bound for the immediate future.
Other markets are also showing gains as having closed the previous session at $107.07, Bitcoin Cash is up 1.02% today to currently trade at around $108.16.
Meanwhile, after ending today's session at $1.07, EOS lost $0.01 and is trading around $1.06.
11 months ago FTX Token reached a significant high of $65.59 but has consequently lost 65.77% since then. FTX Token has a market cap of 3 billion with an average daily volume of 12.92 million.