Is it the end of Tezos's rally? After three days of gains, it is down by 1.23% today

Tezos slides down from $1.16 to $1.14 today, losing $0.014 (1.23%).

Highly important Core Retail Sales data from United States beat analyst expectations of -0.3% with a reading of -0.8%. Retail Sales in United States fell short of market expectations (-0.4%) with a reading of -1%, continuing the decline from the previous figure of -0.2%.

While price action maintains a negative bias, United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -307,600, while the previous figure was -321,500.

As the day gets underway, chart analysis suggests Tezos USD could begin to recover as it approaches significant support, now 1 cents away from $1.13. Dipping below could be an indication that further losses are ahead. Technical analysis trend indicators suggest that investors are seeking long positions as Tezos price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Tezos's upper Bollinger Band® is at $1.16 which indicates a further downward move may follow.

With market volatility ebbing, the current technical outlook indicates Tezos will remain range-bound for the immediate future.

In the meantime, negative performances are also seen in other markets, after ending today's session at $0.089, Dogecoin lost $0.001 and is trading around $0.088. NEAR Protocol is down to $2.19, losing $0.036, after closing at $2.22 in the preceding trading session.

Positive performances can be seen by looking at other markets as FTX Token is up 9.54% to $1.36.

Registering some good gains for about a month now. Tezos reached a significant high of $3.28 around 11 months ago but has lost 64.8% since then.