Tezos price analysis: XTZ rebounds to $0.7836 as bulls continue to lend their support.


tezo price The analysis shows an increase in the price over the last 24 hours, jumping from $0.7562 to the current price of $0.7836. Tezos is recovering from yesterday’s loss when the price turned down from $0.7562 as the bulls managed to push the price feature down to the $0.7836 level. Currently, the coin is pulling back again, but a further recovery is also expected later today when the price function moves higher towards the $0.7873 resistance.

The 24-hour chart shows that the coin is trending higher, and the bulls have been able to hold support at the $0.7562 level. The market capitalization of XTZ is currently $723,066,215 and the volume traded in the last 24 hours is $11,338,631.

XTZ/USD 1-day price chart: Bulls aim for next resistance at $0.7873

the 1 day tezo price Analysis shows that the bulls have taken the lead once again and are trying to push the price higher. Overall, XTZ/USD has gained 3.68 percent in value over the past 24 hours, but bearish pressure is still there and a further breakout cannot be ruled out.

XTZ/USD 1-day price chart, Source: TradingView

The volatility is decreasing for the XTZ/USD pair as the Bollinger bands continue to converge, the upper Bollinger band being at the $0.8294 level and the lower band being at $0.7051. The moving average (MA) is at the $0.7483 mark. The Relative Strength Index (RSI) is in the upper half of the neutral zone and continues to rise to a score of 30.05 after dipping slightly in the lower half. The indicator hints at buying activity in the market.

Tezos Price Analysis: Recent Developments and Other Technical Indications

The 4-hour Tezos price analysis indicates difficult times for the bulls as they are pushing the price higher, but selling pressure is building for the XTZ pricing feature. The bears are hampering the bullish momentum, and the price has declined for the past few days, but the coin is still in the green for today.

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XTZ/USD 1-day price chart, Source: TradingView

The moving average has traveled to $0.7747, below the price level, indicating a bullish crossover due to the bullish activity seen up to four hours ago. The volatility is quite high, which could provide an opportunity for the bulls again in the next few hours. The Bollinger Bands are diverging, with the upper band present at the $0.788 mark and the lower band present at the $0.7472 mark. The average of the Bollinger bands is at the $0.7680 mark. The Relative Strength Index (RSI) is at the 61.81 level, indicating that the market is in neutral territory.

Tezos Price Analysis Conclusion

Overall, Tezos price analysis is gaining bullish momentum and may continue to rise in the coming days. The 24 and 4 hour chart shows that the bulls are taking control of the situation and may continue to push the price higher. However, the bears are still trying to step in and could stall the bullish momentum.

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