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- Tezos prices again acquired the resistance price level of$ 1.60 After falling twice in a single day against it. Previously
- XTZ prices came short against maintaining a gradual climb above this level
- The XTZ/BTC pair performing positively with the overall gain of 1.87% bringing the level to 0.00025197.
XTZ prices finally re-acquire the prices level $1.60 that was providing heavy resistance to the upsurge of the cryptocurrency. Prices are still struggling to acquire a heavy bullish momentum, as Tezos prices failed to continue its gradual rise above this level many times.
The price level of $1.55 supported the prices so that they can have a positive divergence. Prices need to maintain dominance at their current level in order to maintain a gradual rise upfront. If XTZ is unable to do so, again they will be exposed to price volatility and bears.
Currently, the prices are at the level of $1.60. The market capital is at $1,130,756,180 USD with volume traded of $80,207,516 USD and circulating supply of 705,020,740 XTZ. With a positive change of -0.67 in the price.
The technical chart indicates that prices are exposed to risks but bulls are not backing off so does bears and there is both positive and negative trade present in the market.
The technical indicators and oscillators are showing an increase in the selling volume but yet there is a somewhat positive movement in the chart showing that there is still positive trade occurring for the price of the cryptocurrency.
The MACD levels are showing an increase in the buying volume and after trade-in selling volume of a cryptocurrency. This is an indication that bulls are still present in the market.
The 24-RSI is trading near the crucial level of 50, it had a sharp positive divergence but again it acquired the downward momentum and can hit the level of 50.
The 24hr-CCI is trading at the top of the normal region with a slight negative divergence in it.
Resistance Level: $1.61
Support Level: $1.58
