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Price Analysis

Tezos (XTZ) maintains a Levelled Movement Amidst the Bearish Outlook

Tezos recently announced its global summit, Tquorum, that will be hosted between September 29 to October 1. The foundation aims at bringing together the business community, developers, researchers, and validators through this summit. The important topics that will be discussed include the state of the global blockchain ecosystem and paths to its adoption.

Tezos Price Analysis:

On August 24, Tezos (XTZ) was trading around 1.1471 USD. Nevertheless, today after 25-days, it went down by a nominal 6.26%. However, in the weekly chart, the coin marked a hike of 10.23% from the market price of 0.9755 USD, where it was trading on September 13. Yesterday’s trading in the coin was a bit flattish; it showed a slight hike of 0.92%. The coin opened at 1.09 USD; it closed at around 1.10 USD.

Tezos Price
Tezos Chart By TradingView

Although Tezos showed an intraday strengthening, the strong upward surge has faded away. Moreover, as per our speculation, the crypto might trade around $2 in the long term. Additionally, the immediate resistance for the coin is at 1.136 USD and the support level is at 1.04 USD.

Every blockchain now and then organize its annual summit. This gathering is a way for the blockchain developers to interact with the community and that’s the true meaning of decentralization. Meanwhile, the movement is horizontal and it is time for holding on in the crypto.

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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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