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- Tezos prices facing heavy resistance from the price level of $ 2.05, after pulling out a sign upsurge, XTZ prices came short against a resistance level.
- The XTZ/BTC pair performing positively with the overall profit of 0.67% bringing the level to 0.00028573.
XTZ prices suffering heavy resistance from the price level of $2.50. Prices acquired bearish momentum, as Tezos prices struggled to continue its gradual rise against it.
The price level of $1.90 is supporting the prices so that they can have halted on this negative divergence.XTZ prices broke down the crucial resistance levels like $2.00. Prices were unable to find any support level in this upsurge, as they got exposed to price volatility and bears.
Currently, the prices are at the level of $1.95. The market capital is at $1,381,747,165 USD with volume traded of $203,242,181 USD and circulating supply of 706,664,462 XTZ. With a slight positive change of 0.67% in the price.
Tezos (XTZ) Price Analysis
The technical chart indicates that prices are exposed to bears but bulls are trying to compete and trying not to back off yet bears are establishing heavy dominance.
The technical indicators and oscillators are showing an increase in the buying volume but the yet there a strong negative movement is present in the chart showing that there are very fewer chances prices can recover this.
The MACD levels are showing an increase in the selling volume after a slight positive trade in the buying volume of a cryptocurrency. This is an indication that bulls are still 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 went to the normal region after suffering the overselling region. There is a decrease in the demand for the cryptocurrency.
Resistance Level: $2.00
Support Level: $1.90
