Price Analysis

Tezos Price Analysis: Tezos (XTZ) Prices Jumps To $1.06, Bright Future Ahead For The Coin

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Tezos (XTZ) has shown consistent performance over the past few months. The price trend was bullish earlier. On 27thand 28th June, the movement of the coin saw a drop in the prices of the coin with prices reaching the level of $0.91 as on 27-June-19 as per 20:18 UTC. Post 28-June-19, the coin gained back its performance and started reflecting an upward trend. XTZ price seemed to be stable, however again the coin saw a drop in the price from 30-June-19 till 2-July-19. Since yesterday, the coin has managed to pick up back its momentum and is slowly started reflecting bullish trends. At the time of writing, the movement of the coin was bullish.

Let us look at how the coin has performed: –

Tezos Price Chart - 3 July
Tezos Price Chart

Current Statistics of XTZ:

  • As per 03:54 UTC today, Market Cap of the coin was 705,233,052 USD.
  • Price of the coin today as per 03:45 UTC is 1.06 USD
  • 24-hour volume is $8,774,152.
  • 659,215,223 XTZ coins are currently in circulation.
  • ROI of the coin is more than 126%.

Tezos Price Comparison and Future Forecast:

If we look at the price of the coin since 27th June wherein price was 0.91 at 20:18 UTC and the current prices, the price of the coin reflects an upward trend by 16%. The price of XTZ may trade higher by tomorrow. According to analysis & historical data, in the next few months, the coin may reach $1.2, and by the end of the year, it has the potential to reach $1.5.

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Conclusion:

As per the price analysis of XTZ, it is advisable to wait for a few weeks before you wish to invest in the new coins. The MACD indicator also points to the fact that the coin is reflecting an upward trend at the moment. Experts anticipate that the coin will continue with the same growth pattern and the next major resistance level of XTZ coin can be seen at $1.41.

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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