After closing the previous trading day at $0.934, Tezos is up to $0.945, which makes for a move of 1.18%/$0.011 today.
United States Consumer Confidence data will be released today at 14:00 UTC, with an expected decline to 99.
Concerning technical analysis and more specifically, trend indicators, investors are seeking long positions as Tezos USD price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.939, thereby suggesting that Tezos is becoming overvalued.
Notwithstanding Tezos's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Tezos shows positive signs, other assets are also on par: FTX Token added 9.54% to its value, now trading at $1.36. Having closed the previous session at $20.58, Solana is up 2.52% today to currently trade at around $21.1.
Meanwhile, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.
Furthermore, the market is looking at United States Consumer Confidence expected to decline to 99 while its preceding data was 101.3, data will be available today at 14:00 UTC.
Also worthy of note, United States JOLTs Job Openings (Apr) is expected tomorrow at 14:00 UTC.
On a negative trend for around 2 months. Tezos reached a significant high of $2.23 around 11 months ago but has lost 58% since then.