Price Analysis

Tezos (XTZ) Continues to Struggle; Loses 4% in a Day

  • Tezos loses 4% value in the last 24 hours
  • XTZ may have the next support at $1.09

Tezos has faced a decline in the value of 4% over the last 24 hours. The three price variations have pushed the XTZ price to 1.1254 USD from 1.1731 USD. The market cap of Tezos also has witnessed a decline in these hours.

Tezos Price Prediction

XTZ coin opened the day at 1.1731 USD, and in the next 4 hours and 28 minutes, it fell by 2.28% to be placed at 1.1436 USD. The next variation happened between 05:08 UTC and 18:21 UTC, and in these 13 hours, Tezos lost a whopping 5.89% value to touch 1.1104 USD. At 18:21 UTC, the currency started showing signs of strength and experienced a major hike of 2.31% that helped XTZ price to scale as high as 1.1360 USD.

Tezos Price
XTZ Chart By TradingView

Tezos has experienced a decline in the market cap, as well. Between November 13 and 14, the market cap has fallen to 745.056 million USD from 746.750 million USD.

Tezos has its 20 days average at 1.1247 USD, and it’s 50 days average stands at 1.1227 USD. Its current price at 1.1254 USD is 0.24% and 0.062% more than the 50 days and 20 days moving averages, respectively. XTZ coin may have its next resistance at 1.16 USD. However, as per the current near-term trend, it may face next support around $1. Investors are advised to hold on to their investments until Tezos makes any significant gains.

Tezos (XTZ)Resistance & Support Levels
1st Resistance$1.16
2nd Resistance$1.19
3rd Resistance$1.21
1st Support$1.11
2nd Support$1.09
3rd Support$1.06
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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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