After six days of going down, Tezos is flat today, hovering around $0.723

Without a clear-cut direction, Tezos is trading around $0.723 and ranging between $0.707 and $0.725.

Uncertainty around Tezos is reflected by published market data as United States Federal Budget Balance (May) released today at 18:00 UTC with a figure of -240 billion, while the previous figure was 176 billion. Fresh 10-Year Note Auction data from United States came out at 3.791. United States 3-Year Note Auction released today at 15:30 UTC with a figure of 4.202, while the previous figure was 3.695.

Tezos USD is oscillating around the $0.715 level serving as support. Tezos made an initial breakout above its 3 day Simple Moving Average at $0.726, a potential indicator of a newly emerging bullish phase. Tezos's upper Bollinger Band® is at $1 and the lower is $0.713.

With market volatility ebbing, the current technical outlook indicates Tezos will break higher above its recent ranges in the immediate future.

While Tezos is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. UNICORN Token USD gained 5.35% and is currently trading at $4.27. Having closed the previous session at $8.44, Cosmos USD is up 4.09% today to currently trade at around $8.79.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Consumer Price Index figure is projected at 4.1%. It previously stood at 4.9%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.

Trending downwards for around 2 months. Approximately 9 months ago, Tezos reached a significant high of $1.93 but has struggled to hold onto its gains and declined 62.54% since then.