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- XTZ Coin projects positive retracement after a fall from $3.14
- XTZ coin price today is $3.1725 ; with a loss of 0.48% in the last 24 hours and 8.36% up from last week
- The XTZ/BTC pair performs positive with an overall gain of 0.46%, gravitating the present level to 0.00009479 BTC
After making a new high of $3.404 on 20 JAN 2021, the Coin Price projected a negative retracement but again came back to positive level. The XTZ/BTC pair is currently trading below the resistance of 0.00012129 and it marked bullish momentum while gaining a value of 0.8%.It is now heading to the next resistance zone .
XTZ TECHNICAL Analysis
The weekly technical chart of XTZ highlights that ‘Bulls Are Roaring’ in today’s trading session. The XTZ coin current Price is $3.15; with a resistance of $3.4, and support of $2.4668. The price is above 50 and 20 Day Exponential Moving Average (EMA). The 50-EMA red line at $2.4968 and 20 EMA line is at $2.7563 making a temporary support. As XTZ coin price has made a bullish pattern in the last few trading sessions, a further upward correction can be anticipated. The volume of XTZ has seen a loss of 22.49% and the market capitalization down by 1.06%.
MACD (Bearish): The levels showcased a bullish signal in the previous trading session. Moreover MACD indicator reflects bullish momentum in coin; which made XTZ coin price surge.Though, a slight correction in the coin price can be seen as the bars of the histograms are showcasing very lower length
RSI (Bullish ): It is trading with a value of 61.56; indicates that the coin is going towards the overbought zone.The slope observed in the RSI is positive indicating an bullish momentum.
CONCLUSION
XTZ coin showcased a bullish momentum from the past few days and hopefully can move upwards. Furthermore, XTZ/BTC pair is in a consolidation zone and can start the bearish momentum soon .Investors should be careful while investing as it can retrace back to its lower levels.
TECHNICAL LEVELS:
Major Support:$2.6897
Major Resistance:$3.4907
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
