Price Analysis

Tezos Price Analysis: Will Tezos (XTZ) Prices Fall, Or Will It Retain Its Position?

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Tezos (XTZ) had shown bullish trends in the past as well with price continuing to rise until 18-Nov-18 since when the prices began to fall, and this phase continued till the 16-Dec-18. Post this date, the coin gained back its recovery phase and began to show positive movement thereon. It has not shown any drastic fall since December till date.

Let us look at how the coin has performed: –

Tezos Price Chart - 29 June
Tezos Price Chart – 29 June

Current Statistics of XTZ:

  • The market cap of the coin was 663,894,455 USD.
  • Price of the ONT coin today is 0.99 USD
  • 24-hour volume figures are $6,746,173
  • 658,254,589 XTZ coins are currently in circulation.
  • The coin presently provides an ROI of more than 114%.

Tezos Price Prediction:

If we analyze the prices of the coin since 5-Dec-18 where the price of the coin was trading at 0.32 USD. Considering the present situation, the coin may reach a price of $1.10 by the end of the day tomorrow, and by the end of 2019, it may roam around $1.5.

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As per the price movement observed and the analysis, it is recommended to sell the existing coins at present. As per the Chaikin money indicator, the price of the coin reflects a bearish trend, which seems to be a short-term phenomenon. If the coin does fall which does not seem like a possibility to us, the next support levels of the coin, i.e., S1, S2, and S3 will be seen at $0.96, $0.92 and $0.86 respectively.

Experts strongly believe that the coin will begin to show further movement from tomorrow and will show further growth ahead. The next resistance levels of the coin, i.e., R1, R2, and R3 levels will be seen at $1.07, $1.13 and $1.17 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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