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- Tezos prices are falling and facing heavy volatility at the level of $2.16.
- XTZ prices lose the resistance level of $2.16 due to a massive plummet.
- The XTZ/BTC pair is not performing well as there is a loss of -1.68% bringing the level to 0.00031212.
XTZ prices lose the support level $2.16 and now they are again trying to recapture this level. The resistance line of $2.20 is providing heavy pressure to the current upsurge of the cryptocurrency as prices acquired heavy negative divergence.
Prices can acquire a bullish momentum that can recover it’s current lose if Tezos becomes able to break the resistance level of $2.20
The price level of $2.10 is supporting the price so that they can acquire a positive divergence. Prices need to maintain dominance at their current level to maintain a gradual rise. If Tezos is unable to do so the resistance line of $2.20 will push the down again and make them blow away the level of $2.15 completely.
Currently, the prices are above the level of $2.10. The market capital is at $1,512,402,972 USD with volume traded of $236,458,465 USD and circulating supply of 707,800,436 XTZ.
Tezos Price Analysis
The technical chart indicates that prices are developing a negative trade. This is a major negative divergence but if prices didn’t overcome it they might end up falling hardly and continuously.
The technical indicators and oscillators are showing an increase in the buying trade as it is turning blue indicating the strong buy of the commodity.
The MACD levels are showing an increase in the selling volume and they might reject the major dominance of buying volume. As bears are finally parting their ways as there is a sharp negative divergence.
The 24-RSI is trading near the level of 45 in the flat momentum, it had a sharp negative divergence but again it acquired a slight flatted momentum and continuing its trade.
The 24hr-CCI is trading at the bottom of the normal region with a slight positive divergence in it.
Resistance Level: $2.20
Support Level: $2.10
