Tezos Price Analysis: XTZ Regained Back Its Composure, Anticipate Better Returns By Tomorrow

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Tezos (XTZ) has shown growth over the past few months, and currently, it was reflecting volatility. On 27th June, the price of the coin saw a sharp fall. However again it managed to gain back its momentum and reached as high as $1.08 on 28th June as per 9:30 UTC. Today again, the coin saw a fall in the price; however, at the time of writing, the coin has managed to gain back the uptrend and seems to be stable now.

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

Tezos Price Chart - 1 July
Tezos Price Chart

Current Statistics of XTZ:

  • Market Cap of the Tezos was 625,382,756 USD.
  • Price of the coin today as per 7:48 UTC is 0.95534000 USD
  • 24-hour volume is 6,337,078 USD
  • 660,481,405XTZ coins are currently in circulation.
  • ROI of the coin is more than 100% at present.

Tezos Price Analysis & Future Forecast:

If we compare the prices of the coin since 28th June and today, wherein the price was 1.08 USD, the current movement of the coin shows a price drop by around 12%. Looking at the present scenario, the price of the coin may go upwards by tomorrow. After a period of six months, the price may reach its resistance level of $1.12 if it continues with the same movement.

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Conclusion:

As per the MACD indicator, we can see that the movement will be a positive one with trends being in an upward movement. Looking at the RSI Indicator, which is above 50 and the movement of the coin shows an upward trend & slightly overbought condition, and it may reach its major resistance level of $1.17. Looking at the price movement of the coin, we suggest holding your existing coins right now.

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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