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June 17, 2023
After closing at $0.717 today, Tezos began today at $0.717 with significant bullish sentiment driving Tezos's price action higher. So far today, price action has drawn out a distinct $0.713 to $0.734 range.
Meanwhile, United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 15,700, while the previous figure was 8,800. United States CFTC S&P 500 speculative net positions came out at -331,400. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 155,100, while the previous figure was 172,400.
Tezos USD made an initial breakout above its 5 day Simple Moving Average at $0.723, a potential indicator of a newly emerging bullish phase. Despite this, Tezos reversed direction at $0.737 resistance zone and retreated back 1 cents below it.
Examining the technical analysis landscape, Tezos might continue its downtrend in the short term.
Other markets are also showing gains as FTX Token soars 9.54% to trade around $1.36. Binance Coin improves 2.41% to trade around $244.59. MaticNetwork USD added 4.22% to its value, now trading at $0.614.
Trending downwards for around 2 months. Tezos is now trading 39.21% below its 3-month high of $1.93.
