1 The price of Tezos (XTZ) is trading near the value of $0.813. However, the crypto’s price inclined by 0.25% in the last 24 hours (press time). 2 XTZ price decreased by -1.21% in the last 7 days. 3 The market capitalization of Tezos is $771.427 Million. XTZ crypto is struggling ...
- 1 The price of Tezos (XTZ) is trading near the value of $0.813. However, the crypto’s price inclined by 0.25% in the last 24 hours (press time).
- 2 XTZ price decreased by -1.21% in the last 7 days.
- 3 The market capitalization of Tezos is $771.427 Million.
XTZ crypto is struggling to break out of a descending pattern with two obstacles, a trendline and the 200-day EMA. The crypto’s next move will hinge on whether it can surpass or drop below the pattern.
The outlook is unclear at the moment. However, the price increased by 11.35% last week, showing that Tezos performed well recently. Tezos lost -90.34% of its value in 2 years after making its all-time high of $9.12.Tezo’s trading volume for the last 24 hours is 73.851K, and last 10 days, the average volume is 497.695K.
The current market sentiment is indecisive. There is no notable volume in crypto right now. The resistance line has rejected the price and is finding support on the 50-moving average.
XTZ Price Technical Analysis
The RSI line is heading toward the oversold zone. The RSI value is 46.45. The 14 SMA value is 54.16. However, XTZ price could drop sharply if it breaks the current support.
Currently, MACD is bearish. The MACD value is 0.003, and the signal value is 0.009, both above the zero line, but the signal line crosses below the MACD line and points downward.
Conclusion
Technical Levels:
- Support – The current support level is $0.825.
- Resistance –The current resistance level is $0.933.
Disclaimer
The analysis given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in crypto is a risky task. Please consider your circumstances and risk profile before making any investment decision.