fbpx
Price Analysis

Tezos Price Declines by 4% with its Intraday Movement

  • Tezos (XTZ) is currently valued at around 0.9043 USD
  • Against BTC, it is marked at around 0.00011244 per chip

With the help of Nomadic Labs and Octo Technology, Equisafe is all set to launch the Nyx Standard in order to exchange financial instruments on the Tezos Blockchain. Further, a navigational structure and responsive menu improvements have been included in the tezblock MVP. On top of that, Simple Staking (Tezos Rust) rolled out a guide to explain the Tezos P2P layer. The guide sheds light on the technical detail on the handshaking and bootstrapping process.

XTZ to USD Price Analysis:

Tezos Price Chart
Tezos Chart by TradingView

On September 12, Tezos was trading around 1.0275 USD. Nevertheless, today after 25-days, it went down by a margin of 11.46%. However, in the weekly chart, the coin has made a flattish movement and strengthened by a small margin of 0.22% from the market price of 0.8974 USD where it was trading on October 01.

Although the weekly trading in Tezos is flattish, it declined by almost 4% in the intraday trading for now, the immediate resistance for the digital coin is at 0.9089 USD and the support level is at 0.8637 USD.

The foundation has worked on various fundamental issues of the coin in the month of September. Although the coin is having a negative trend and is in the red zone at present, we believe that the sentiments will wash off soon. Once the market becomes bullish again, a similar action can be expected in Tezos.

Tags

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.

Related Articles

Back to top button
Close