18. abril 2024

XTZ Price Soars 9% as Bulls Take Control: Tezos Price Prediction

• Tezos (XTZ) is currently trading at $1.33 and has a market cap of $1.1 billion
• Technical indicators suggest that XTZ/USD may continue to follow the uptrend, with potential resistance levels of $1.60, $1.70, and $1.80
• Against Bitcoin, Tezos (XTZ) is likely to maintain the bullish movement in the long term

Tezos Price Prediction

The Tezos price prediction shows that XTZ is currently pushing higher with 9.04% gains as the coin manages to face the north. The push to the upside allows the Tezos price to climb back to the positive side, showing that buyers are likely to dominate the market.

XTZ/USD Market Key Levels

At this time of writing, XTZ/USD may continue to follow its uptrend if bulls increase buying pressure and break above its channel’s upper boundary around $1.40 resistance level. If successful, it could take XTZ towards potential resistance levels of $1.60, $1.70 and $1.80 as technical indicator Relative Strength Index (14) move into overbought territory. On other hand, if bears take control of market then XTZ/USD could be forced down towards support levels at $1.00, 0$.90 and 0$.80 respectively.

XTZUSD – Daily Chart

Looking at daily chart for XTZ/USD suggests that it has managed reach a daily high of $141 as market opened today during European session also allowing Tezos price climb back into positive territory while bouncing above 9-day and 21-day moving averages which shows buyers domination in market .

Tezos Price Prediction: Ready for Upside?

As per current trends in market , it looks like Tezos Price May Be Ready for Upside . As against Bitcoin , Tezos (XTZ) continues demonstrate some positive signs across markets and coin is likely maintain bullish movement long term while staying within channel boundaries will help take coin higher levels .

Conclusion

In conclusion , trend analysis suggests that Tezos (XTZ) is looking good both against USD & BTC with potential upside on cards however investors should exercise caution before investing in any cryptocurrency as prices can be volatile due to various factors such external news & regulations .