Tezos (XTZ) Again Fall Apart Against Price Level Of $1.80

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Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • Tezos prices facing heavy resistance from the price level of$ 1.80, global market conditions are also not favoring XTZ  and prices are unable to maintain sustainability in the prices.
  • The XTZ/BTC pair performing negatively with the overall loss of -2.17%  bringing the level to 0.00025715.

XTZ  prices suffering heavy resistance from the price level of $1.80. Prices acquired bearish momentum, as Tezos prices are struggling to make a gradual rise.

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The price level of $1.40 is holding on to the prices to support them to make a gradual rise, XTZ prices need to make a support level near the level of $1.60. If they don’t find a support level near this, they will be exposed to price volatility.

Currently, the prices are at the level of $1.70. The market capital is at $1,197,305,453 USD with volume traded of $158,755,259 USD and circulating supply of 704,850,603 XTZ. With a negative change of  -1.56 in the price.

Tezos price Analysis

tezos
Source:tradingview

The technical chart indicates that prices are exposed to bears but bulls are not backing off and developing a make or break situation for XTZ prices.

The technical indicators and oscillators are showing an increase in the selling volume but yet there is some positive movement showing that there is still positive trade occurring for the cryptocurrency.  

The MACD levels are at the neutral ground as both buying and selling volume of cryptocurrency met up with each other. Whoever comes out at 1st place will be deiced the nature of upcoming trading.

The 24-RSI  is trading above the crucial level of 50, it suffered a fall but showing positive signs as it started climbing upwards.

The 24hr-CCI went to the overbuying region but then suffered fall due to the decrease in the buying volume of cryptocurrency.

Resistance Level: $1.80
Support Level: $1.45

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