Price Analysis

Will the Current Flattish Trend Continue to Reign Over Tezos (XTZ)?

Tezos (XTZ) is trading below the baseline and in a flattish range for the most part of the last five days. XTZ coin had a good price rally during the first six months during the year. With the crypto market reeling under bear pressure since July, there have been mostly downward fluctuations for the coin. The last 5-day price movement is no exception as it was mostly below the baseline except on November 07, when it showed an upward momentum.

Tezos Price Prediction:

XTZ’s price was continually trading under market pressure. On November 06, the price was at a low of $0.9052. There was some respite from the bears when Tezos price shot up to $1.7697, showing an upward rally. However, with the bears once again continuing to put pressure, the price went down to $1.1333 by 35.96% drop.

With the price of XTZ coin being still below the baseline, there was a slight upward movement on the same day to the tune of 17.24% at $1.3287. From here, it was a flattish movement for the coin, and on November 10, it was reached at $1.1922. The price of Tezos is still in the same range today at $1.2108 showing a movement of 1.56%.

XTZ Price Chart
XTZ Chart By TradingView

Tezos price is still under bear control, and the short-term trend looks bearish for the coin. If the crypto market volatility stabilizes, then some positive happenings may come around for the coin. Investors should wait for the crypto market to show stability and hold on to their current holdings from a long-term viewpoint. Day traders may not gain much in this flattish price movement of the coin.

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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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