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. FTX Token has just crossed the lower Bollinger Band® at $1.39, indicating a downward correction could occur..
Overall, looking at the technical analysis landscape, it seems FTX is likely to reverse course and start pointing down in the short term.
Other markets are also showing gains as Chainlink USD gained 3.07% and is currently trading at $7.95. Polkadot increases 1.85% to trade around $7.32.
Meanwhile, UNICORN Token USD is trading around $6.43 (down $0.197).
FTX Token has fallen back around 97.61% from the significant high of $51.96 set 10 months ago. FTX Token is currently trading with a market cap of 447.86 million with an average daily volume of 19.60 million.