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March 14, 2023
After closing the previous trading day at $1.09, Tezos is up to $1.22, which makes for a move of 11.67%/$0.128 today.
Tezos is currently trading at $1.22 following the release of Consumer Price Index data from the United States.
Meanwhile, United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
With regards to technical trend indicators, chart analysis show that the MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. Analysis based on the asset volatility indicates that Tezos's upper Bollinger Band® is at $1.3, this is a slight indication of a slowdown.
Overall, while Tezos has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Other markets are also showing gains as Bitcoin is up 6.23%. FTX Token is up 9.54%. Cosmos USD gained 7.96% and is now trading at $12.98.
Furthermore, the market is looking at United States Retail Sales expected to decline to -0.3% while its preceding data was 3%, data will be available tomorrow at 12:30 UTC. Tomorrow at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 2.3%. Tomorrow at 12:30 UTC data for United States Producer Price Index will be released, with an expected decline to 0.3% from the preceding figure of 0.7%.
11 months ago Tezos reached a significant high of $4.04 but has consequently lost 72.94% since then.
