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May 04, 2023While on a 19 day downtrend Today is looking a bit better: Tezos trades at $1, after ending today at $1.
This uncertain state for Tezos is reflected by published market data as United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was five. Highly important Crude Oil Inventories data from United States beat analyst expectations of -1.1 million with a reading of -1.28 million. United States ISM Non-Manufacturing PMI (Apr) came out at 51.9, while a consensus of analysts was expecting 51.8.
Tezos USD's upper Bollinger Band® is at $1.15 and the lower is $0.918.
Despite muted price action in Tezos, chart analysis indicates it is positioned for a bullish run in the short term.
While Tezos is pretty flat so far today, mixed performances are seen elsewhere as FTX Token rallies 9.54% to trade around $1.36. UNICORN Token USD closed at $6.43 (down 2.98%).
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Non Farm Payrolls expected to decline to 180,000 while its preceding data was 236,000, data will be available tomorrow at 12:30 UTC. Today at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 240,000 from the preceding figure of 230,000. Tomorrow at 12:30 UTC data for United States Unemployment Rate will be released, with an expected decline to 3.6 from the preceding figure of 3.5.
Trending downwards for around a month. Tezos has shed $1.72 points and is languishing 63.25% lower over the past year, leaving its yearly highs around $2.7 in the rear-view mirror.
