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Price Analysis

Tezos (XTZ) Moved Back to the Red Zone; V2.2.0 of Tezos Ledger App is Released

Tezos Foundation recently rolled out the latest version 2.2.0 of the XTZ Ledger applications. It can be downloaded from Ledger Live. Additionally, Tezos Wallet is now available for the Nano S and Nano X. On top of that, the banking option of XTZ is only available for the Nano S.

XTZ Price Comparison:

On August 23, Tezos (XTZ) was trading around 1.204 USD. However, today after 25-days, it went down by a margin of 13.45%. Nonetheless, In the weekly chart, the coin moved up by 2.8% from the market price of 1.014 USD on September 12. However, the bullish action has washed away and the coin is moving back in the red zone. The prequel of it can be seen in yesterday’s trading, where the crypto, after opening up at 1.09 USD, declined by a margin of 0.35% and wrapped the day at 1.09 USD.

Tezos Price
Tezos Chart By TradingVierw

Tezos Price Prediction:

Tezos is a strong coin and will soon surpass the negative trends. For now, the immediate resistance is at 1.13 USD. Additionally, the support level for XTZ is at 1.01 USD.

Conclusion:

As we predicted earlier, there will be some brief moment of selling in the near future and the moment has passed away. If you are interested in buying wait for the further bottoming down of the coin. As of now, Tezos supporters may have to wait for another upward spike for selling.

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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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