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- Tezos prices again climbing with a massive positive divergence.
- XTZ prices easily acquired the resistance level of $2.80 due to this upsurge.
- The XTZ/BTC pair performing positively with the overall gain of 3.39% bringing the level to 0.00027831.
Tezos XTZ prices manage to surpass the level of $2.08 and now going against the heavy resistance level of $2.24 that is providing heavy resistance to the current and previous upsurge of the cryptocurrency.
Prices can acquire a heavy bullish momentum that can recover its all previous losses if Tezos prices able to break the resistance level of $2.40
The price level of $2.80 is supporting the price so that they can maintain a positive divergence. Prices need to maintain dominance at their current level to maintain a gradual rise upfront. If XTZ is unable to do so the resistance line of $2.24 will push the down again.
Currently, the prices are above the level of $2.10. The market capital is at $1,505,356,712 USD with volume traded of $207,360,717 USD and circulating supply of 707,346,085 XTZ. With a positive change of 6.26 in the price.
The technical chart indicates that prices are developing a positive sharp trade and bulls are back in business. There is no major negative trade present in the prices currently which means prices can pull off an impressive recovery.
The technical indicators and oscillators are showing the heavy increase in the buying trade as it is turning blue indicating the strong buy of the commodity.
The MACD levels are finally showing an increase in the buying volume after a major dominance of selling volume. As bulls are finally parting their ways with the negative trade.
The 24-RSI is trading near the level of 70 in the heavy bullish momentum, it had a sharp negative divergence but again it acquired a slight flatted momentum and continuing its trade.
The 24hr-CCI is trading above the top of the normal region with a slight negative divergence in it.
Resistance Level: $2.20
Support Level: $2.05
