Is it the end of Tezos's rally? After three days of gains, it is down by 4.13% today

Tezos is down to $1.15, after ending today at $1.2. Overall, a 4.13% loss or $0.05 today.

Tezos is currently trading at $1.15 following the release of Crude Oil Inventories data from the United States.

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.

Despite suffering losses in today's session, technical analysis is indicating that Tezos will undergo a significant bounce in the immediate term.

In the meantime, negative performances are also seen in other markets, Litecoin closed at $77.53 (down 8.06%). Dogecoin falls 7.52% to trade around $0.069. EOS drops 6.26% to trade around $1.05.

Some optimism can drawn from the fact that United States Initial Jobless Claims is projected to outperform its last figure with 205,000. It previously stood at 211,000; data will be released tomorrow at 12:30 UTC.

Furthermore, United States Philadelphia Fed Manufacturing Index (Mar) will be released tomorrow at 12:30 UTC. United States Building Permits (Feb) is scheduled for tomorrow at 12:30 UTC.

Tezos is now trading 70.29% below the significant high of $4.04 it set around 11 months ago.