Price Analysis

Tezos Price Analysis: XTZ Bulls On The Run, Next Resistance To Watch For Would Be $1.6

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Let us look at the price comparison of the coin since the past 5 days. Since 28-June-19, the price of the coin has remained steady and shown uptrend. From 30-June-19 till 2-July-19, the prices of the coin saw a moderate decline with prices reaching as low as $0.86 on 1-July-19 as per 18:50 UTC. Post second half of 2-July-19; the coin managed to retain back the uptrend with price beginning to rise rapidly. Looking at the movement of XTZ now, it is predicted that the same trend will continue for the coin.

The details of the performance of the coin are as mentioned below: –

Tezos Price Chart - 4 July
Tezos Price Chart

Current Statistics of XTZ:

  • As per 9:00 UTC today, Market Cap of the XTZ coin was 781,949,966 USD.
  • Price of the Tezos today as per 08:50 UTC is 1.17 USD
  • 24-hour volume figures are $14,469,743
  • 660,426,359 coins are at present in circulation.
  • ROI of the coin is more than 150%, which is 19% more than yesterday’s figures.

Tezos Price Prediction and Conclusion:

Comparing the price of the coin since 1-July-19 wherein price was 0.86923080 and today’s figure, the coin shows an upward trend by more than 34%. We anticipate that the movement of the coin would continue to remain bullish for tomorrow and prices may reach $1.2, after the end of this year the price of the XTZ coin can reach the level of $1.5.

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This is a great time to invest your money to purchase new coins and retain the same for a minimum of 5 and more years for better profitability and dividends. As per the MACD indicator, the movement of the coin seems fairly stable now and is expected to rise within a day. As per the RSI Indicator, Tezos seem to be moving towards an oversold trend. The way Tezos has performed in the past, it can be predicted that the investments made in the coin now will prove to be a great asset in the long run. As per the trend at the moment, the next major resistance can be seen at $1.6.

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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