| 
May 02, 2023
Having lost $0.196 over 17 days, Today is looking a bit better: Tezos is now trading at $0.986 after tracing out a steady $0.981 – $0.987 range today.
This uncertain state for Tezos is reflected by published market data as United States ISM Manufacturing PMI (Apr) released yesterday at 14:00 UTC with a figure of 47.1, while the previous figure was 46.3. United States ISM Manufacturing Prices (Apr) came out at 53.2, while a consensus of analysts was expecting 49. United States ISM Manufacturing Employment (Apr) came out at 50.2, while a consensus of analysts was expecting 47.9.
Tezos USD is approaching key support, around 2 cents away from $0.964. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Tezos's upper Bollinger Band® is at $1.18 and the lower is $0.915.
Despite muted price action in Tezos, chart analysis indicates it is positioned for a bullish run in the short term.
Meanwhile, mixed performances are seen elsewhere as FTX Token is up 9.54%. TRON is down to $0.067, losing $0.001, after closing at $0.068 in the preceding trading session.
Furthermore, the market is looking at United States Crude Oil Inventories is projected to outperform its last figure with -1,000,000, having previously been at -5 million. The figure will be published tomorrow at 14:30 UTC. United States Interest Rate is expected tomorrow at 18:00 UTC. United States ADP Nonfarm Employment Change (Apr) will be released tomorrow at 12:15 UTC.
Trending downwards for around a month. Having set a significant high of $2.7 11 months ago, Tezos is trading 63.6% lower.
