- XTZ performed a negative momentum on Tuesday’s trading session
- Tezos price is $3.33, which is down by 23.60% in the last 24-hour time-frame and 32.74% down from the previous week
- XTZ/BTC pair is in a downtrend with 11.53% in Tuesday’s trading session (0.0000695)
Tezos had positive momentum on the weekly chart, and it went up to $5.58 on February 14, 2020, while breaking above the resistance zones created in the past. Whereas Tezos price set a mark of an All-time high. Meanwhile, the trading volume of $970,675,347 in the last 24-hour time-frame represents an increase in the value of 78.44%. The XTZ/ETH pair is in an uptrend with a value of (0.0022410) which is down by 6.59% on Tuesday’s market session.
Tezos (XTZ) Technical Chart Indicates a Negative Momentum
The technical chart of Tezos highlights a positive trend. In contrast, XTZ price is at $3.33. According to pivot points, the critical support level for XTZ is placed at $3.40. Whereas if it moves up, the key resistance level to watch is $4.62. While diving into the weekly chart of a 4-hour time-frame, it completes a bearish candlestick pattern, indicating the bears might have overwhelmed the bulls.
Volume indicator with the value (2.075M) reflects a selling volume in coin. Investors can further expect an decrease in selling volume in the upcoming trading sessions.
SMA-200, price is at $3.66, which acts as another strong support in the coin. The price is below the SMA, and investors can expect a bullish trend in the coin.
MACD indicator (BEARISH), bearish crossover over signal line spotted on February 23, 2021, indicated a sell signal in the coin during the trading session. Also, it denotes red bars on Histogram.
RSI indicator (BEARISH) with a value of 31 indicates a sell signal in the coin. One can observe an decrease in value in future trading sessions.
The XTZ price went down by 23.60% on Tuesday’s trading session. The price is below the SMA of $3.66, and investors can expect the movement of price towards the support level of $2.93. All technical indicators recommend a sell signal in the coin.