Bearish Tezos currently $0.027 lower after trading as low as $1

Tezos slides down from $1.03 to $1 today, losing $0.027 (0.71%).

A study of Tezos's chart reveals various key levels to watch: Tezos USD could begin to recover as it approaches significant support, now 1 cents away from $1. Dipping below could be an indication that further losses are ahead. Trend-focused traders would be interested to note that Tezos made an initial break below its 10 day Simple Moving Average at $1, a possible indication of a forthcoming negative trend. According to asset volatility analysis, Tezos's lower Bollinger Band® is at $0.941, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

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

Other assets are showing positive performances as FTX Token added 9.54% to its value, now trading at $1.36. Cosmos USD improves 1.89% to trade around $11.93. Solana is up 2%.

Furthermore, United States ISM Manufacturing PMI (Apr) is scheduled for tomorrow at 14:00 UTC.

Pointing downwards for around a month. Over the past 11 months, Tezos has retreated 62% from a noteworthy peak of $2.7.