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 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.
Meanwhile, after ending today's session at $76.78, Litecoin lost $3.11 and is trading around $73.67. Bitcoin is down to $19,968, losing $387.1, after closing at $20,356 in the preceding trading session. UNICORN Token USD closed at $6.43 (down 2.98%).
Approximately 11 months ago, FTX Token reached a significant high of $51.96 but has struggled to hold onto its gains and declined 97.61% since then. FTX is currently trading with a market cap of 447.86 million with an average daily volume of 19.60 million.