After closing the previous trading day at $26.07, FTX is up to $26.36, which makes for a move of 1.11%/$0.29 today.
Trend-focused traders would be interested to note that investors are seeking long positions as FTX Token price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $26.34, thereby suggesting that FTX is becoming overvalued.
Overall, while FTX has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Other markets are also showing gains as having closed the previous session at $0.127, Dogecoin is up 15.76% today to currently trade at around $0.147. Ethereum is up 1.6% to $1,596.4.
At the same time, Ripple closed at $0.46 (down 0.9%).
Having set a significant high of $65.36 12 days ago, FTX is trading 16.31% lower. FTX Token has a market cap of 3.51 billion with an average daily volume of 12 million.