After three consecutive days of gains, Tezos is down $0.04 today

Tezos is down to $1.21, after ending today at $1.25. Overall, a 3.23% loss or $0.04 today.

With regards to technical trend indicators, chart analysis show that despite drifting lower in the trading session, the short-term outlook has turned positive after the MACD moved above its signal line — typically a bullish indicator. According to asset volatility analysis, Tezos's upper Bollinger Band® is at $1.3 which indicates a further downward move may follow.

Notwithstanding Tezos's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

In the meantime, negative performances are also seen in other markets, Cosmos USD closed at $12.5 (down 5.1%). TRON stumbles 2.33% to trade around $0.066.

Positive performances can be seen by looking at other markets as FTX Token is up 9.54% to $1.36.

11 months ago Tezos reached a significant high of $4.04 but has consequently lost 69% since then.