Price Analysis

Will Tezos (XTZ) Maintain the Uptrend Amidst Volatility?

eToro

Tezos was priced at $0.88684 on October 31, 2019, post which there was a drop in the price. On the same day, the XTZ coin managed to rise upwards and shows a growth of 6.05%. Since the beginning of this month, it has started to decline gradually. Tezos was being traded at the lowest trading price of $0.84987 on November 3, 2019. Though it has managed to raise upwards today, the movement indicates that the prices are likely to fall soon.

Tezos Price Analysis

XTZ coin indicates an uptrend as compared to the price drop of November 3, 2019, by 6.25%. However, as per the current trend, the price of Tezos may fall marginally soon and may face the next support at $0.86855.

eToro Crypto

As per the past performance and historical data, we suggest purchasing new coins and retain the same from a long-term perspective. XTZ can be traded today within the price of $0.87 and $0.91. The coin has seen many rises and falls over the past few days and has not been able to maintain its efficiency at any level. Hence, if being traded from the long-term, it can yield considerable returns.

Tezos Price
XTZ Chart By TradingView

Resistance & Support Levels

R1: $0.911086, R2: $0.93037 and R3: $0.953613

S1: $0.868559, S2: $0.845316 and S3: $0826032

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.

Related Articles

Back to top button