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Tezos price forecast shows that XTZ will start a steady rise above the $1.10 resistance as it is currently rising and may rise further.
Tezos prediction stats:
- Tezos price now – $1.08
- Tezos market cap – $1 billion
- Circulating supply of Tezos – 965.5 million
- The total supply of Tezos – 986.5 million
- Tezos Coinmarketcap Ranking – #66
XTZ/USD market
Main levels:
Resistance levels: $1.20, $1.25, $1.30
Support levels: $0.90, $0.85, $0.80
XTZ/USD is trading in green today as the price hovers above the 9-day moving average. Meanwhile, a daily close above the upper limit of the channel could push Tezos price towards the $1.15 resistance level. However, traders should keep in mind that a consistent price increase can bring more buyers into the market as bulls increase their positions.
Tezos Price Prediction: Tezos price may move higher
According to the daily chart, if the Tezos price remains above the 9-day moving average, it is likely to break above the upper boundary of the channel. In that regard, the daily chart also shows that if the 9-day moving average remains above the 21-day moving average, it can confirm the presence of the bulls in the market.
On the contrary, if the bulls fail to push the coin upwards, the bears can take advantage and push the market price towards the lower limit of the channel. However, if Tezos price rises and breaks above the channel, touching the $1.15 resistance level can locate the potential resistance levels at $1.20, $1.25, and $1.30, but if the price falls below the lower limit of the channel drops, the price could end up at $0.90. , $0.85 and $0.80.
XTZ/BTC is trading positively
Against Bitcoin, Tezos price is hovering above the 9 and 21 day moving averages as the coin prepares for the bullish move. However, the coin may move above the upper limit of the channel, which could reach the resistance level of 2800 SAT and above.
On the contrary, if the sellers take the market south, traders can expect a bearish decline below the lower limit of the channel. If this barrier is crossed, support may be at 2200 SAT and below. Meanwhile, the 9-day moving average remains above the 21-day moving average, providing more bullish signals within the market.
Alternatives to Tezos
From the current moment, Tezos price could potentially continue its upward trajectory if the bulls intensify their buying activity. Nevertheless, bulls may need to push the price above the channel for XTZ/USD to experience a change in momentum, as the nearest resistance level appears to be near the upper boundary of the channel.
However, Bitcoin Minetrix is making waves as a vibrant and progressive token, standing out from Tezos (XTZ), which has a notable market position with a market cap of $1 billion. Its growth potential may be limited due to its size. Bitcoin Minetrix, on the other hand, offers a new perspective with its decentralized cloud mining platform. The pre-sale of the token has proven to be hugely successful, raising almost $7.5 million during the current pre-sale phase.
New Crypto Mining Platform – Bitcoin Minetrix
- Controlled by Coinsult
- Decentralized, secure cloud mining
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- Native token now on pre-sale – BTCMTX
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