Tezos cryptocurrency trades up $0.015, approximately 1.65% higher this afternoon

Tezos trades at $0.91 after gaining $0.015 (1.65%).

Tezos USD made an initial breakout above its 21 day Simple Moving Average at $0.898, a potential indicator of a newly emerging bullish phase. Tezos broke through the $0.896 resistance and climbed above it 1 cents; next resistance level is at $0.9. On the other hand, note that Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.917, thereby suggesting that Tezos is becoming overvalued.

Tezos continues to move higher with technical analysis indicating the trend will continue in the short term.

Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $0.883, EOS is up 2.41% today to currently trade at around $0.905. Cardano added 2.87% to its value, now trading at $0.377.

Pointing downwards for around 2 months. Having set a significant high of $2.23 11 months ago, Tezos is trading 59.77% lower.