Tezos is growing its four-day winning streak and is trading at $1.14, gaining $0.028.

Tezos went up to $1.14 only to drop back some of the way and is now trading at $1.14.

United States ADP Nonfarm Employment Change (Mar) is next today at 12:15 UTC.

At the same time, United States JOLTs Job Openings (Feb) released yesterday at 14:00 UTC with a figure of 9.93 million, while the previous figure was 10.56 million. United States API Weekly Crude Oil Stock came out at -4.35 million, while a consensus of analysts was expecting -1.8 million. United States Factory Orders released earlier showed a marked improvement to -0.7% from the preceding data of -2.1%, but fell short of the -0.5% figure forecast by a consensus of market analysts.

Tezos USD made an initial breakout above its 200 day Simple Moving Average at $1.13, a potential indicator of a newly emerging bullish phase. Crossed the $1.12 Fibonacci level, next level is at $1.15. Tezos broke through the $1.13 resistance and climbed above it 1 cents; next resistance level is at $1.14. In contrast, Bollinger Band® analysis indicates that current price action is approaching the upper band at $1.21, thereby suggesting that Tezos is becoming overvalued.

With all probabilities considered, today's gains in Tezos have only added further momentum to existing technical factors favoring greater bullish sentiment in the days to come.

Other markets are also showing gains as FTX Token leaps up 9.54% to trade around $1.36. Dogecoin is up 2.59%. Having closed the previous session at $1,870, Ethereum is up 2.1% today to currently trade at around $1,909.

Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Crude Oil Inventories is projected to outperform its last figure with -2.33 million. It previously stood at -7.49 million; data will be released today at 14:30 UTC.

Elsewhere, United States ADP Nonfarm Employment Change (Mar) scheduled to come out today at 12:15 UTC. United States ISM Non-Manufacturing PMI (Mar) is scheduled for today at 14:00 UTC.

Having set a significant high of $3.67 a year ago, Tezos is trading 69.63% lower.