- 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
