Tezos News

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.

Tezos (XTZ) Price News
XTZ/USD Chart By TradingView

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

Edward Nash

Edward Nash is an editor and analyst with over 10 years of financial market experience. Prior to joining CoinNewsSpan, he worked in several famous financial institutions. He has been active in the cryptocurrency market since 2011, specializing in technical analysis of current crypto trends and offering analytical opinion-based pieces.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button