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- XTZ price is currently trading in the consolidation phase after making 52 week high of $5.58 on Feb 14 ,2021
- Tezos Price is currently trailing at the value of $3.57 with a gain of 3.29% in 24 hour time period and 7.48% gain in a week
- XTZ/BTC pair is currently trading at the value of 0.00007361 BTC with an intraday loss of 1.57%
The technical chart of XTZ highlights “Bulls Are On Rest” in today’s trading session. The current price of Tezos coin is at the level of $3.57 while the major support is at $3.00 and major resistance is at $4.50.The coin volume has seen a loss of 10.54% and is currently at the level of $385,651,595.The market capitalization is at the value of $2,720,002,948 with a gain of 3.77%.Tezos coin price is currently trailing in the consolidated channel. If the coin crosses below the channel then it will be very difficult to recover to a positive level.
Tezos (XTZ) Technical Analysis
Tezos current price has seen a gain of 3.81% in today’s trading session. The current scenario of XTZ coin depicts a consolidated rally.The coin forms a bearish pattern on today’s trading session,suggesting that the sellers are getting active in the coin
The coin is at 50 and above 200 Exponential Moving Average. The blue line of 50-EMA is currently at the level of $3.57 and making it temporary support. XTZ/BTC pair is forming a bullish candle which suggests that the price may see a uptrend.
MACD(Bearish): It has given a negative cross over signal in the daily chart on previous trading session. Bars of the histograms are also showing negative momentum. The overall sentiment of MACD is bearish.
RSI(Bearish): It is travelling at the value of 45.69, showcasing its presence in the oversold zone. A flat slope is formed in RSI, highlighting that the price may see a uncertain movement in upcoming days.
Conclusion
Tezos coin has seen a gain of 3.94% in today’s trading session and made a 52 week high on Feb,14 2021. XTZ/BTC is performing negatively and is below the resistance of 50-EMA. An Investor should do their due diligence before investing.
Technical Levels
Major Resistance:$4.5
Major Support:$3
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.
