Price Analysis

XTZ Price Escalation Spikes Hope for Upcoming Price Rally; Coin Hovers at $1

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Tezos (XTZ) has been anchored to a high level. The past 7 days have been quite a roller coaster experience for the traders. The coin has dropped with a huge number. Well, the good news is that the crypto market has worn the recovery robe and is expected to help the drowning coins to save themselves.

Tezos seems to take up the opportunity and regain the trust of the traders. The coin is currently dealing with the market cap of $656,887,680. Out of 801,312,599 XTZ coins, 660,373,612 XTZ is circulating in the market. The intraday trading XTZ is likely to bring huge profit. The day seems flourishing for the traders. Let’s see what the intraday chart if XTZ is trying to explain.

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Tezos (XTZ) Price Chart:

XTZ Price chart

The chart is taken from Trading View on September 15, 2019, at 03:50:35 UTC for price analysis. Yesterday, Tezos started the day at $0.98. The currency slipped at $0.95 by 2.83%. Later, the price recovered and touched $1.01. The escalation was of 6.02%. Tezos closed the day at $1 with an intraday progression of 1.93%. Today, the currency opened with a slight fall of 1.20%. The price counters changed from $1 to $0.99.

Tezos Price Prediction and Conclusion:

Tezos (XTZ) is dealing with the 19th position in the crypto market. The 24hr volume of Tezos is at $7,774,132. However, the volume on yesterday’s chart was at $8,114,227. The token was seen dealing at a high $1.01 and at a low $0.961925 in yesterday’s chart. The counters are likely to be breached by the currency today.

Tezos is expected to close the ongoing year around $1.5. In the coming years, there is a high possibility for the currency to deal at 6% or 7% profit. The currency seems best for short term investors. It is anticipated that the given time frame would bring the maximum result.

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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