After three days of going down, Tezos is stable today, trading around $0.892

After dropping down to $0.888, Tezos recovers some losses and is currently trading at $0.892.

This uncertain state for Tezos is reflected by published market data as United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 191,500, while the previous figure was 216,600. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 179,800, while the previous figure was 195,800. United States CFTC Nasdaq 100 speculative net positions came out at 20,000.

Tezos USD is approaching key support, around 1 cents away from $0.887. 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. Tezos made an initial breakout above its 10 day Simple Moving Average at $0.895, a potential indicator of a newly emerging bullish phase. Tezos's upper Bollinger Band® is at $1 and the lower is $0.837.

Despite muted price action in Tezos, chart analysis indicates it is positioned for a bullish run in the short term.

While Tezos is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. TRON gained 2.66% and is now trading at $0.073. UNICORN Token USD goes down 2.98% to trade around $6.43.

Pointing downwards for around 2 months. Tezos is now trading 59.85% below the significant high of $2.23 it set around 11 months ago.