After closing the previous trading day at $1.24, FTX Token is up to $1.36, which makes for a move of 9.54%/$0.119 today.
Trend-focused traders would be interested to note 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. Analysis based on the asset volatility indicates that FTX's lower Bollinger Band® is at $1.57, indicating that the market is oversold and fertile for new buyers.
With market volatility ebbing, the current technical outlook indicates FTX Token will remain range-bound for the immediate future.
FTX Token shows positive signs, other assets are also on par: having closed the previous session at $1.22, MaticNetwork USD is up 5.41% today to currently trade at around $1.29. Cosmos USD gained 3.02% and is now trading at $13.89. Bitcoin Cash gained 1.83% and is currently trading at $128.62.
FTX Token is now trading 97.61% below the significant high of $51.96 it set around 10 months ago. FTX has a market cap of 447.86 million with an average daily volume of 24.60 million.