Tezos (XTZ) Prices Are Committing An Impressive Up-Surge, Reaches The Level Of $2.70

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 are climbing up and facing heavy slight volatility due to the level of $2.70.
  • XTZ prices acquire a resistance level of $2.50 due to a massive surge.
  • The XTZ/BTC pair is performing well as there is a major gain of 5.96%  bringing the level to 0.00035444.

XTZ  prices lose the resistance level of $2.50 and now they are trying to achieve stability above the level of $2.70. The resistance line of $2.70 is providing heavy pressure to the current upsurge of the cryptocurrency as prices acquired a slight negative divergence.

Prices are moving with heavy bullish momentum and they did recover its current loss as Tezos prices reach the highest point in the recent month.

The price level of $2.50 is supporting the price so that they can acquire a positive divergence. Prices need to maintain dominance at their current level in order to continue their gradual rise.

Currently, the prices are above the level of $2.65. The market capital is at $1,890,771,260 USD with volume traded of $356,732,265 USD and circulating supply of 708,142,181 XTZ.

Tezos XTZ Price Analysis

tezos1
Source:tradingview

The technical chart indicates that prices are developing a sharp positive trade. There is a major positive divergence in the prices as they are overcoming the loss they bear and they might be caught up with the level of $2.80

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 a massive increase in the buying volume and they are rejecting the major dominance of selling volume. As bulls are finally parting their ways as there is a sharp positive divergence.

The 24-RSI  is trading near the level of 70 in the slight negative momentum, it had a sharp positive divergence but again it acquired a slight negative momentum and continuing its trade in it and might hit the level of 65.

The 24hr-CCI  is trading at the heights of the over buying region with a slight negative divergence in it.

Resistance Level: $2.75

Support Level: $2.60

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