Tezos Price Analysis: Tezos (XTZ) Prices Fall, Touch $1.06; Seems To Be A Temporary Phenomenon

Since 23-June-19 wherein the prices reached around 1.29 USD at 3:40 UTC Time, the prices have continued to fall till date. While writing this analysis also, the movement of the coin was reflecting a downward trend as compared to the said date. However, analysts predict that the coin will begin to show some growth by the end of the day today.

Let us look at how the XTZ coin has performed: –

Current Statistics of XTZ:

• As per 7:00 UTC today, Market Cap of the Tezos coin was 730,621,805 USD.
• Price of the coin today as per 06:45 UTC is 1.068 USD
• 24-hour volume figures are $9,153,636
• 658,480,217 XTZ coins are currently in circulation.
• The XTZ coin’s ROI is greater than 132%.

XTZ Price Comparison:

Over the past days, post the price rise on 23-June-19, Tezos price has continued to fall. However, it is expected that price will rise by the end of the day today, based on past efficiency and historical data.

• If we compare the price of the XTZ on 23-June-19 and today, the current movement of the coin reflects a downward trend by 17%, which is however temporary as per analysts.

Tezos Price Prediction & Conclusion:

The XTZ price may touch $1.12 by the end of the day today and post 6 months; it may reach around $1.3. If we observe the movement of the coin, presently it shows a bearish trend. As per the Chaikin money indicator, it shows bullish divergence as it crosses baseline. Hence, based on short-term Tezos Prediction, the currency might start trading upwards and thus, it is advisable to accumulate coins. As per the current market trend anticipated, the next resistance levels of the XTZ coin, R1, R2 & R3 are $1.16, $1.22 and $1.27 respectively.