Tezos is on an 18 day downtrend Today is looking a bit better: without a clear-cut direction, Tezos is trading around $0.991 and ranging between $0.988 and $0.992.

Uncertainty around Tezos is reflected by published market data as United States JOLTs Job Openings (Mar) released yesterday at 14:00 UTC with a figure of 9.59 million, while the previous figure was 9.97 million. United States API Weekly Crude Oil Stock came out at -3.94 million, while a consensus of analysts was expecting -1,000,000. United States Factory Orders released earlier showed a marked improvement to 0.9% from the preceding data of -1.1%, but fell short of the 1.1% figure forecast by a consensus of market analysts.

Tezos USD is approaching key support, around 1 cents away from $0.984. 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's upper Bollinger Band® is at $1.17 and the lower is $0.918.

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 FTX Token surges 9.54% to trade around $1.36. UNICORN Token USD improves 1.62% to trade around $6.47.

Furthermore, the market is looking at United States Crude Oil Inventories is projected to outperform its last figure with -1.1 million. It previously stood at -5 million; data will be released today at 14:30 UTC. United States Interest Rate is expected today at 18:00 UTC. As things stand, upcoming United States Initial Jobless Claims data is projected to fall short of market expectations with newly published data of 240,000, following on from the preceding figure of 230,000. New data is set to be published tomorrow at 12:30 UTC.

On a negative trend for around a month. Tezos reached a significant high of $2.7 around 11 months ago but has lost 63.31% since then.