Price Analysis

Will Tezos (XTZ) Be Able to Sustain Its Uptrend?

  • Tezos price was mostly under the bear radar in the ongoing bearish market, but there was a ray of hope on November 09, when the price surged by 46.85%

XTZ price has been trading under the market pressure since the bears set their foot in the crypto market after July. The price has not been able to prove itself and is continually below the baseline. The YTD price chart for Tezos shows the price mostly moving in the range of $0.86 – $1.58, though the price made a good recovery on November 09, when it shot up to $1.26.

Tezos Price Prediction:

On August 08, the price of the XTZ coin was at $1.5792. Due to bear pressure, the price continued to downslide and went below the baseline at $0.9949 by 37% on August 29. There seemed to be no escape from the volatility in the crypto market, as the Tezos price continued to fluctuate and showed a slight upward movement of 11.61% on September 17 at $1.1104.

This trend was just a momentary phase for the coin as the price again fell to $0.8600 on October 22, indicating a fall of 22.55%. After this, the price started showing some upward momentum and reached $1.2629 by a massive 46.85% hike on November 09. Today, the price of XTZ coin has lowered slightly at $1.1955.

XTZ Price Chart
XTZ Chart By TradingView

The coming days will be crucial for the Tezos and will decide whether this upward momentum could be maintained and sustained by the coin. The investor community will be eagerly watching the price movements over the next few days. Investors should wait and watch the way the Tezos price would move in the upcoming days. Day traders should be careful as the price is yet to show stability.

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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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