Tezos is growing its four-day winning streak and is trading at $1.19, gaining $0.035.

After closing the previous trading day at $1.15, Tezos is up to $1.19, which makes for a move of 3.07%/$0.035 today.

Tezos is currently trading at $1.19 following the release of Building Permits (Feb) data from the United States.

Technical analysis trend indicators suggest that the MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $1.3, thereby suggesting that Tezos is becoming overvalued.

Notwithstanding Tezos's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Tezos shows positive signs, other assets are also on par: FTX Token is up 9.54%. Having closed the previous session at $24,400, Bitcoin is up 1.76% today to currently trade at around $24,835. Litecoin climbs 2.52% to trade around $78.6.

Tezos is now trading 71.54% below the significant high of $4.04 it set around 11 months ago.