Tezos up $0.016 to $0.823 building up on its four days of gains

Marginally higher but lacking a clear-cut direction, Tezos is trading at $0.823 after ranging between $0.8 and $0.828 today.

Meanwhile, United States Core PCE Price Index (YoY) (May) came out at 4.6, while a consensus of analysts was expecting 4.7. United States Core PCE Price Index (MoM) (May) released yesterday at 12:30 UTC with a figure of 0.3, while the previous figure was 0.4. United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -208,300, while the previous figure was -239,300.

Trend-following investors would be interested to note that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Fibonacci-minded traders witnessed a key Fib resistance level of $0.826 holding firm – an indicator of highly concentrated supply around this level. Analysis based on the asset volatility indicates that Tezos's upper Bollinger Band® is at $0.845, this is a slight indication of a slowdown. Technical chart analysis shows Tezos could be slowing down soon as it approaches resistance at $0.832. Of course, crossing it might suggest further gains are ahead.

Overall, while Tezos has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Other markets are also showing gains as FTX Token gained 9.54% and is now trading at $1.36. EOS ascends 4.65% to trade around $0.787.

At the same time, Bitcoin Cash is down $17.56 from the beginning of the session and now trades around $289.15.

Pointing downwards for around 3 months. Tezos has fallen back around 58.08% from the significant high of $1.93 set 10 months ago.