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. 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.
FTX shows positive signs, other assets are also on par: Tezos USD climbs 1.09% to trade around $1.04.
Meanwhile, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.
Having set a significant high of $41.46 10 months ago, FTX is trading 97% lower. With an average daily volume of 19.60 million.