Slightly weaker but mostly flat: FTX is currently trading at $3.27 as it maintains an active range between $2.71 and $3.67.
Despite being in the red so far in the current trading session, FTX Token peaked above its 3 day Simple Moving Average around $3.65 — typically an early indicator of a new bullish trend beginning to emerge. FTX Token's lower Bollinger Band® is at $3.38, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
Overall, looking at the technical analysis landscape, although technical indicators are mixed and pointing in different directions, it seems FTX Token is set to appreciate despite today's setback.
In the meantime, negative performances are also seen in other markets, MaticNetwork USD is down to $1.06, losing $0.072, after closing at $1.13 in the preceding trading session. Binance Coin is down $9.77 from the beginning of the session and now trades around $293.66. After ending today's session at $0.09, Dogecoin lost $0.003 and is trading around $0.087.
Having set a significant high of $59.36 2 days ago, FTX is trading 77.46% lower. FTX Token has a market cap of 435.58 million with an average daily volume of 120.38 million.