Tezos down to $0.937, its lowest value in 3 months

Tezos reaches its lowest point in 3 months after dropping $0.022 to $0.937.

Tezos USD pushed below the $0.954 support level and extended 1 cents beyond it. The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. A crossing of the lower Bollinger Band® at $0.958 suggests further losses may follow for Tezos.

Looking forward, Tezos is poised to extend its strong downtrend and continue declining.

In the meantime, negative performances are also seen in other markets, Ripple is down $0.012 from the beginning of the session and now trades around $0.437. After ending today's session at $0.173, Algorand USD lost $0.006 and is trading around $0.167.

Positive performances can be seen by looking at other markets as FTX Token soars 9.54% to trade around $1.36.

Furthermore, United States EIA Short-Term Energy Outlook will be released tomorrow at 16:00 UTC.

On a negative trend for around a month. Tezos has fallen back around 62.36% from the significant high of $2.56 set a year ago.