Price Analysis

Will Tezos Price Pave A Recovery Path?

  • Tezos (XTZ) is showing an upward trend over the past week

XTZ coin’s unique features had held it in good stead during the first half of the year. The past one month’s price movement for the coin paints a bleak picture for the most part of the month, but it has picked up near the end of the month. This could be a new beginning for XTZ coin but only time will confirm the same. The price of Tezos has been trading in the range of $0.77 – $1.26.

Tezos Price Prediction

Tezos price seems to set on the road to recovery, where the price was mostly below the baseline for the most part of the month. Only during the last week, the coin showed a good recovery which is expected to continue. At the initial phase of the month, the XTZ price started with being below the baseline and was at $0.9345 on October 13. With the bears getting stronger, the price further fell to $0.77068 on October 24 by 18.77% drop.

There was a slight upward swing on October 26, when the price of XTZ coin reached $0.8910 at 15.24%. With the continuing volatility in the crypto market, the price again fell to $0.8388. Tezos price then started showing some positive upward movement and managed to get to a good upward swing of a gigantic 50.29% on November 07, at $1.2607. With the price continuing to be above the baseline, there is a slight downward movement at $1.1807, showing a variation of 6.35%.

Tezos Price
XTZ Chart By TradingView

Tezos price had its best moment in April and May, but the entry of bears took away all the fortune. Now the past week indicates a positive upturn for the XTZ coin. As per the current trend, it is anticipated that the price may trade upwards. Investors can make good of this upswing and start investing from a long-term perspective.

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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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