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 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. Visit here our Tezos price prediction post to get an in-depth review of the coin.