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July 03, 2023
After closing at $0.836 today, Tezos began today at $0.836 with significant bullish sentiment driving Tezos's price action higher. So far today, price action has drawn out a distinct $0.831 to $0.844 range.
Despite posting gains so far today, Tezos USD slid below its 50 day Simple Moving Average at $0.832 in earlier trade — an early indicator that a negative trend could be emerging. Tezos's upper Bollinger Band® is at $0.862, this is a slight indication of a slowdown. Tezos is 1 cents away from testing key resistance at $0.853. Peaking above this level could inspire market bulls and open the path to further gains.
Technical analysis of Tezos price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.
Tezos shows positive signs, other assets are also on par: FTX Token leaps up 9.54% to trade around $1.36. Having closed the previous session at $5.57, UNICORN Token USD is up 2.21% today to currently trade at around $5.69. TRON is up 0.63%.
Elsewhere, United States ISM Manufacturing PMI (Jun) is expected today at 14:00 UTC.
Pointing downwards for around 3 months. Tezos has fallen back around 56.6% from the significant high of $1.93 set 10 months ago.
