Tezos up $0.029 to $1.22 building up on its four days of gains

After closing the previous trading day at $1.19, Tezos is up to $1.22, which makes for a move of 2.47%/$0.029 today.

Trend-focused traders would be interested to note 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 Tezos's upper Bollinger Band® is at $1.3, this is a slight indication of a slowdown.

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: Bitcoin is up 5.75%. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Litecoin is up 5.76%.

Tezos is now trading 70.59% below the significant high of $4.04 it set around 11 months ago.