Tezos (XTZ) May Soon Witness Immense Growth; $3 Target Seems Reasonable Now
Tezos has just started a steady upward movement its after weeks of continued ups and downs. It has announced new associations with Vertalo and tZero a few days back. The association will deal with properties worth over 300 million USD. These strong fundamentals may help Tezos to retain a positive trend in the medium-term.
Tezos Price Analysis
XT/USD has made a tremendous journey over the last 30 days. It was being traded at $1.5 at the starting of the ongoing month and gradually lifted its value beyond $2 over the first ten days. From there, Tezos maintained stability till April 16 to rise significantly again. On April 26, the coin touched the monthly high point at $2.86. Then, it faced a moderate fall but again managed to regain its price level above $2.7.
Yesterday, Tezos price spotted at $2.75, and in the next 2 hours, it fell to $2.67 by 2.64% decline. It was followed by a 4.72% strengthening that took the XTZ price to $2.80 by 13:45 UTC. However, this upside momentum was soon lost as the coin took a downward shift to $2.72 by 22:30 UTC. Further, the currency gathered momentum back and started trading upwards, and at the time of writing this analysis, the price of Tezos spotted at $2.78.
The days ahead are likely to be bullish for the currency, and there are no visible obstacles on the way up to the resistance point of $2.87. Investors may expect a price beyond $3 in the upcoming weeks.
Resistances – $2.87, $2.94 and $3
Supports – $2.75, $2.67, $2.55