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.
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..
Examining the technical analysis landscape, FTX is likely to reverse course and start pointing downward in the short term.
FTX shows positive signs, other assets are also on par: Ethereum improves 4.79% to trade around $2,109. Ripple moves up 3.12% to trade around $0.529. Having closed the previous session at $324.97, Binance Coin is up 2.52% today to currently trade at around $333.16.
Approximately 11 months ago, FTX 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.