A slow down? After four days of going up, Tezos is flat today, hovering around $1.13.

Tezos recovers back to $1.13 today after dipping down to $1.12, in a session that follows a previous closing value of $1.13.

This uncertain state for Tezos is reflected by published market data as United States Crude Oil Inventories released earlier showed a marked improvement to -3.74 million from the preceding data of -7.49 million, but fell short of the -2.33 million figure forecast by a consensus of market analysts. United States ISM Non-Manufacturing PMI (Mar) released yesterday at 14:00 UTC with a figure of 51.2, while the previous figure was 55.1. United States ADP Nonfarm Employment Change (Mar) came out at 145,000, while a consensus of analysts was expecting 200,000.

Tezos USD made an initial break below its 200 day Simple Moving Average at $1.13, a possible indication of a forthcoming negative trend. Tezos's upper Bollinger Band® is at $1.2, suggesting that a downward move may follow. On the other hand, note that Tezos is approaching key support, around 2 cents away from $1.11. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite the market lacking direction, technical chart analysis strongly suggests Tezos is positioned for a downward move in the near term.

While Tezos is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. Ripple is down to $0.5, losing $0.005, after closing at $0.505 in the preceding trading session. NEAR Protocol is down to $2, losing $0.027, after closing at $2.03 in the preceding trading session.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as tomorrow at 12:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 240,000 from the preceding figure of 311,000. United States Initial Jobless Claims expected to decline to 200,000 while its preceding data was 198,000, data will be available today at 12:30 UTC. United States Unemployment Rate is expected tomorrow at 12:30 UTC.

Approximately 11 months ago, Tezos reached a significant high of $3.38 but has struggled to hold onto its gains and declined 66.46% since then.