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 Token could be headed for a downward correction.
Overall, looking at the technical analysis landscape, it seems FTX is likely to reverse course and start pointing down in the short term.
FTX Token shows positive signs, other assets are also on par: having closed the previous session at $333.19, Binance Coin is up 4.88% today to currently trade at around $349.46. Litecoin added 4.93% to its value, now trading at $101.6. Having closed the previous session at $19.1, Avalanche is up 6.67% today to currently trade at around $20.37.
Approximately 11 months ago, FTX Token reached a significant high of $44.83 but has struggled to hold onto its gains and declined 97.23% since then. With an average daily volume of 19.60 million.