Tezos

Momentum

The post <a href="https://coinpedia.org/price-analysis/will-xtz-price-maintain-bullish-momentum-as-tezos-bulls-display-huge-moves/">Will XTZ Price Maintain Bullish Momentum As Tezos Bulls Display Huge Moves?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The Tezos price has displayed a significant jump in its value recently, indicating a strong bullish sentiment in the crypto space. Further, the price has formed a bullish flag pattern, highlighting the possibility of a massive price action in the coming time. 
The <a href="https://coinpedia.org/price-prediction/tezos-xtz-price-prediction/">Tezos coin price</a> traded in a range between $0.90 and $0.946 for a while, following which the bulls lost momentum and the price experienced a correction of approximately 11% in valuation. 
After displaying neutral trends for a while, the bulls regained power and jumped over 18%, following which the price faced rejection at $1.0. The bulls constantly attempted to break out of the resistance level, but the bulls overpowered the market, resulting in the price trading sideways for a while. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/sB5KR5erOvJfiIMPkNzrVmEDR8DCTYNX7sSiYP8b5ILS7HXpJWIjuAWAw_ti3kWhnU4AgL5AZY98VfXZijQspuJVbxD29HIhz_tav5JAMombrNUK9rmsHUZtw9XgezV98QKD2c9zRKiGbqqJlhuYzQc" alt="Tezos Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: XTZ/USDT
 </figcaption>
</figure> 
After this, the XTZ coin price traded in a consolidated range between $1 and $1.121 for over a week, indicating mixed sentiments in the market. The price then recorded a correction of over 15% and traded in a closed range between $0.946 and $1 for a while. 
Following this, the XTZ price experienced another correction in its valuation of 10%, but the bulls held the price strong above the support level of $0.845, resulting in a bounceback. 
Recently, the bulls displayed a massive jump of 32% in its valuation, following which the price faced rejection at $1.121. Since then, the price has been traded sideways in a closed range between $1.044 and $1.121. 
<h2 class="wp-block-heading" id="h-will-the-xtz-price-continue-rising">Will The XTZ Price Continue Rising?</h2> 
The RSI displays a fall in its chart, indicating an increase in the selling pressure in the market. Moreover, the averages show a high possibility of a bearish convergence, suggesting the price will continue losing value in the coming time. 
If the bulls hold the price above the support level of $1.044, the price will attempt to test its resistance level of $1.121. Further, if the market maintains the price at that level, it will prepare to test its upper resistance level of $1.195 over the weekend. 
Negatively, if the bulls fail to hold the price above the support level, the XTZ price will fall to test its lower support level of $1. Moreover, if the bears continue to hold power, it will plunge and prepare to test its crucial support level of $0.950 by the coming week.

Will XTZ Price Maintain Bullish Momentum As Tezos Bulls Display Huge Moves?

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