Tezos Price Analysis: Tezos (XTZ) Prices Continue To Fall; Coin Will Bounce Back Very Soon

The coin has shown bullish trends since past few months and had reached the price level of $1.70 on 30-May-19. Post the said date, the price of the coin has seen a downward trend with a sharp fall at the beginning of June 2019. At the time of writing, the movement of the coin was bearish.

 Let us look at how the coin has performed: –

Tezos Price Chart - 27 June
Tezos Price Chart

Current Statistics of Tezos:

  • As per 9:00 UTC today, Market Cap of the XTZ coin was 683,883,508 USD.
  • Price of the coin today is 1.02 USD
  • 24-hour volume figures are $9,845,048.
  • 659,577,561XTZ coins are currently in circulation.
  • The coin’s ROI is more than 120%.

XTZ Price Analysis & Forecast:

If we look at the price of the coin since 30-May-19 wherein the price was $1.70 as per 10:00 UTC. At present, the XTZ price is showing a downward trend by around 40%. The price of the coin may reach around $1.06 by tomorrow. As per the technical analysis and XTZ Price Forecast, it may touch $1.3 by the end of this year.

This is the right time to sell the coins at hand as per the price movement observed. As per the Chaikin money indicator also, the movement of the coin is currently bearish. However, we still believe and predict that the prices of the coin will regain its bullish trend by the end of the day tomorrow, keeping in mind the performance, growth patterns, and returns shown earlier.

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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