| 
June 24, 2023Tentatively higher from an earlier low of $0.793, Tezos is up to $0.823 today, adding $0.028, or 3.46%, to today's closing price of $0.796.
Meanwhile, United States Services PMI came out at 54.1, while a consensus of analysts was expecting 54. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 166,500, while the previous figure was 155,100. United States CFTC Gold speculative net positions came out at 163,000.
Tezos USD price action is currently oscillating around the $0.819 resistance level with prices moving above and below several times during the session. Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.87, thereby suggesting that Tezos is becoming overvalued. On the other hand, note that price action overcame a known Fibonacci resistance level at $0.8 by around $0.023 with prices hammering out a $0.793 – $0.826 session range.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Tezos is set for a reversal in the coming days.
Tezos shows positive signs, other assets are also on par: FTX Token gained 9.54% and is now trading at $1.36. Having closed the previous session at $181.14, Bitcoin Cash is up 6.3% today to currently trade at around $192.55.
Meanwhile, Binance Coin closed at $236.74 (down 3.06%).
Trending downwards for around 3 months. Tezos has shed 29.15% over the past three months.
