- Tezos price rockets to new yearly highs at $3.44.
- Tezos must find support above $3.0 to allow the bulls to focus on achieving new highs above $3.50.
Tezos continues to fly the bullish flag pattern above the cryptocurrency horizon. In the last couple of months, Tezos has been able to close consecutive weeks with impressive gains. Besides, new yearly highs have been posted week after week.
In the last 24 hours, Tezos has advanced greatly growing more than 23%. Tezos managed to clear the resistance at $3.0. The move opened the door for more gains towards $3.5. However, the momentum lost momentum, forming a high at $3.44.
XTZ/USD daily chart
Tezos has corrected to $3.24 (market value) at the time of writing. In spite, of the adjustment, the Relative Strength Index (RSI) is still trending upwards. Therefore, Tezos could hold on the gains a while longer.
If support is established above $3.0, the bulls will have the time to focus on higher levels ranging from $3.50 towards $4.0. As long as the gap between the 50-day SMA and the 200-day SMA continues to widen, the buyers’ confidence will not waver.
XTZ/USD daily chart:
Spot rate: $3.26
Relative change: 0.3328
Percentage change: 11.37%
Trend: Bullish
Volatility: High
Support: $3.20 and $2.80
Image from TradingView
Follow CoinGape on social media handles and stay updated!
Telegram | Twitter
Congratulations @coingape! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit