• Tezos price prediction shows that XTZ is currently pushing higher with 9.04% gains as the coin manages to face the north.
• The Tezos price may continue to follow the uptrend if the bulls increase buying pressure, pushing it above $1.40 resistance level.
• If the market dips below moving averages, a bearish movement could hit the support levels at $1.00, $0.90, and $0.80 respectively.
Tezos Price Prediction
The Tezos price prediction shows that XTZ is currently pushing higher with 9.04% gains as the coin manages to face the north.
XTZ/USD Market Key Levels
Resistance levels: $1.60, $1.70, $1.80 Support levels: $1.00, $0.90, $0.80
XTZ/USD Daily Chart Analysis
Looking at the daily chart for XTZ/USD, it manages to reach a daily high of $1.41 as the market opens today.
During European session hours, Tezos price moves to cross above upper boundary of channel which pushes it back to positive side and this bounce above 9-day and 21-day moving averages shows that buyers are likely to dominate in market.
Tezos Price Prediction May Be Ready for Upside
At time of writing, Tezoz price may continue following uptrend if bulls increase buying pressure however if shift in momentum is needed then bulls may need push price above channel and nearest resistance level could be established around resistance level of 1$.40.
Therefore bullish breakout above barrier could take XTZ to potential resistance levels of 1$ .60 , 1$ .70 and 1$ .80 as technical indicator Relative Strength Index (14) moves cross into overbought region.
Nevertheless XTZ/USD is likely create additional gains as all technical indicators confirm upward movements.
If market dives below moving averages then bearish movement towards lower boundary of channel may cause Tezoz price revisit downside which could hit support levels at 1$, 0$.90 and 0$.80 respectively..
Tezoz (XTZ) continues demonstrate some positive signs across market and coin is likely maintain bullish movement long term ,moving within channel could take coin higher levels.