Mixed sentiment leads Tezos cryptocurrency to trade sideways; establishes tight $1.14 to $1.15 range

Tezos is now trading at $1.14 after tracing out a steady $1.14 – $1.15 range today.

Tezos's state is reflected by market data as United States ISM Non-Manufacturing PMI (Feb) came out at 55.1, while a consensus of analysts was expecting 54.5. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 224,200, while the previous figure was 243,800. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 128,800, while the previous figure was 160,300.

Tezos USD's upper Bollinger Band® is at $1.33 and the lower is $1.03. Tezos is approaching key support, around 7 cents away from $1.08. 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.

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 is up 9.54% to $1.36. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

Approximately 10 months ago, Tezos reached a significant high of $4.04 but has struggled to hold onto its gains and declined 71.66% since then.