Tezos Recovers From the Opening Fall; Exhibits Positive Signs for Intraday Trading

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Tezos started the day with a downtrend but looks like it recovers from that. The market also indicates a similar trend. The day seems to end with a positive digit. The intraday traders could go for XTZ with an outlook of profit. 

XTZ coin is drawing profit from the last couple of days. There is a strong indication that price rally would soon embark. Looking at yesterday’s price movement, Tezos touched a high at 1.01 USD and a low at 0.985511 USD. 

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Tezos Price Analysis & Predictions

Yesterday, XTZ coin opened the day at $1. The level was kept tight for almost half of the day but eventually fell. The fall was of 2.70% from $1.00501 to $0.97763. The currency immediately recovered and went back to $1.01259 by 3.58%. The day closed at $1.002056 with an intraday loss of 0.14%. Today, Tezos started with a slight drop of 0.79%. XTZ price counters switched from $1.002056 to $0.994178. The recovery took the coin back to $1.0019 and we are anticipating that it would bring a profitable closing. 

Tezos price chart
Tezos Price Chart by TradingView

Tezos is indicating some recovery after the fall and it might climb up and break all yesterday’s counters. The future of the coin holds a high prospect of improvement. The traders can go for XTZ with a viewpoint of profit. Today, the Market Cap of Tezos stands at $659,916,524. The 24-hour volume is marked as $6,933,116. The ROI is noted as 112.62%. 

By the end of this year, XTZ might hover around its 30-Day high of $1.24. The price momentum of the Tezos suggests that the investors should opt for long-term investment as it would bring a massive profit to them. 

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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