Tezos eyes United States Average Hourly Earnings today at 12:30 UTC, trades at $1

Tentatively higher from an earlier low of $0.992, Tezos is up to $1 today, adding $0.006, or 1.35%, to today's closing price of $0.994.

• United States Average Hourly Earnings is next today at 12:30 UTC.
• In contrast to today's gains, Tezos has been on a 20 day bearish trend during which it lost $0.185 of its value.

Earlier data releases related to Tezos – following a previous reading of 229,000, Initial Jobless Claims in United States released yesterday at 12:30 UTC fell short of the 240,000 figure expected by analysts with an actual reading of 242,000. United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.50 trillion, while the previous figure was 8.56 trillion.

Technical analysis of Tezos before macro data is released:

Tezos USD made an initial breakout above its 10 day Simple Moving Average at $1, a potential indicator of a newly emerging bullish phase. Tezos's lower Bollinger Band® is at $0.933, indicating that the market is oversold and fertile for new buyers. Despite this, Tezos could be slowing down soon as it approaches resistance at $1. Of course, crossing it might suggest further gains are ahead.

Following today's unexpected gains, extensive multifactorial technical analysis forecasts Tezos to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the Tezos is expected to pick up significant bullish sentiment in the coming days.

Coming up for Tezos — today at 12:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 180,000 from the preceding figure of 236,000. United States Unemployment Rate expected to decline to 3.6 while its preceding data was 3.5, data will be available today at 12:30 UTC.

As the markets get ready for more data to be released — FTX Token rallies 9.54% to trade around $1.36. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43. TRON gained 1.2% and is now trading at $0.07.

On a negative trend for around a month. Having set a significant high of $2.56 11 months ago, Tezos is trading 61.17% lower.