Tezos Price Analysis: Tezos prices fall to $0.8, will it continue to fall further?

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Since 28th June, Tezos (XTZ) was booming towards further growth and prosperity. XTZ had seen several massive rises in the price with reaching as high as $1.04 on 30th June. Also saw a few sharp falls as well on the same date. On 1-July-19, the price continued with the bearish trend before beginning to gain some pace. Today while writing, the trend of the coin was bearish.

Let us look at how the coin has performed: –

XTZ Chart
XTZ Chart

Current Statistics of XTZ:

  • As per 9:34 UTC time today, Market Cap of the XTZ coin was 590,989,249 USD.
  • Price of the coin today as per 9:15 UTC is 0.89 USD
  • 24-hour volume is $6,361,765.
  • 658,391,479 XTZ coins are currently in circulation.
  • ROI of the coin at present is around 90%.

Tezos Price Comparison and Future Forecast:

The price of the coin has seen several ups and downs over the past couple of days. On 30-June-19, as per 13:40 UTC, the value of the coin reached the level of $1.04. Comparing the figures of the said date and today, the present movement of the coin reflects a bearish trend by 13%. The price of the coin may continue to fall and may reach a level of $0.87 by tomorrow. Analysts predict that the coin may start showing signs of recovery by the end of this week.

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Conclusion:

As per the price movement, experts suggest waiting till few days before you wish to invest in the new coins as the coin is expected to come back with its performance and it is anticipated that the prices will start reflecting an upward trend by the end of this week. The Chaikin Money indicator also reflects the bearish movement of the coin. If the coin manages to move with the same trend, the next major support levels, i.e., S1, S2, and S3, can be seen at $0.86, $0.81 and $0.76 respectively.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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