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 Token is likely to reverse course and start pointing down in the short term.
FTX shows positive signs, other assets are also on par: Ripple moves up 2.22% to trade around $0.477.
Meanwhile, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43. After ending today's session at $330.72, Binance Coin lost $2.86 and is trading around $327.85.
FTX traded as high as $41.46 before shedding 94.79% lower over the past six months. With an average daily volume of 19.60 million.