After three days of going down, Tezos is flat today, hovering around $0.841

Tezos trades at $0.841, after ending today at $0.842.

This uncertain state for Tezos is reflected by published market data as United States Initial Jobless Claims published yesterday at 12:30 UTC came out at 261,000, falling short of the 235,000 projections and continuing its decline from the previous 233,000 figure. United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.39 trillion, while the previous figure was 8.39 trillion. United States Reserve Balances with Federal Reserve Banks released yesterday at 20:30 UTC with a figure of 3.31 trillion, while the previous figure was 3.21 trillion.

With regards to technical trend indicators, chart analysis show that 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. Asset volatility analysis shows that Tezos's upper Bollinger Band® is at $0.946 and the lower is $0.827.

All in all, the technical analysis suggests Tezos has no clear-cut direction.

Other markets show mixed performance as FTX Token surges 9.54% to trade around $1.36.

On a negative trend for around 2 months. Tezos has shed $1.38 points and is languishing 62.2% lower over the past year, leaving its yearly highs around $2.23 in the rear-view mirror.