- XTZ coin is currently travelling in a consolidated zone after the long bull run which started from FEB 1,2021 and made a 52 week high
- Tezos price is currently at the level of $4.96 with a gain of 19.59% in 24hours period and 48.43% gain from the last week
- XTZ/BTC pair is currently trading at the level of 0.0001042 BTC with a loss of 1.80% in a 24 hour time period.
The technical chart of XTZ coin highlights “Bulls Are Coming To Rest” in today’s trading session. The current price of Tezos coin is at the level of $4.96 while the major support is at $4.00 and major resistance is at $5.50.The coin volume has seen a gain of 54.53% and is currently at the level of $1,457,700,287.The market capitalization is at the value of $3,793,907,658 with a gain of 20.48%.
Grayscale had incorporated six more trusts, with one of them being tied to the XTZ token, which was seen as strongly bullish news.
Tezos(XTZ) Technical Analysis
Tezos current price has seen a jump of 19.59% in today’s trading session. The current scenario of XTZ coin depicts a positive rally. The coin forms a doji candle on today’s trading session, telling that the investors are sceptical about the coin. The pivot point on the 4 hr chart indicates the resistance at the level of $5.3499 and support at $4.2866
The coin is above 50 and 200 Exponential Moving Average. The blue line of 50EMA is currently at the level of $3.9232 and making it temporary support.XTZ/BTC pair is forming a Doji candle which suggests that the price may see a downtrend.
MACD: It has given a positive cross over signal in the 4hr chart. Bars of the histograms are also showing positive momentum. The overall sentiment of MACD is bullish.
RSI: It is travelling at the value of 68.38, showcasing its presence in the overbought zone. A positive slope is formed in RSI, highlighting that the price may move further upwards before testing the lower levels.
Tezos coin has seen a gain of 14% and made a 52 week high on FEB,13 2021.XTZ/BTC is also performing well and breaking the resistance of 50 EMA. An Investor should do their due diligence before investing