Tezos cryptocurrency trades up $0.008, approximately 0.7% higher this afternoon

Tezos goes up to $1.13 after dipping down to $1.1 earlier.

Tezos USD's lower Bollinger Band® is at $1.06, indicating that the market is oversold and fertile for new buyers. Despite this, Tezos could be slowing down soon as it approaches resistance at $1.12. Of course, crossing it might suggest further gains are ahead.

Overall, looking at the technical analysis landscape, it seems Tezos might continue pointing upwards in the short term.

Other markets are also showing gains as FTX Token surges 9.54% to trade around $1.36.

At the same time, Litecoin closed at $87.61 (down 2.56%). After ending today's session at $0.337, Cardano lost $0.005 and is trading around $0.332.

Elsewhere, United States Fed Chair Powell testimony scheduled to come out tomorrow at 15:00 UTC. United States EIA Short-Term Energy Outlook is expected tomorrow at 17:00 UTC.

Tezos has fallen back around 72.29% over the past 11 months, from a notable high of $4.04.