- Tezos token price move consolidates below $4.0 on intraday session
- The 24-hour trading volume in XTZ is $162.57 Million
- XTZ/BTC pair is trading negative by 7.28% at 0.00009163 BTC
The daily technical chart of Tezos token price shows weakness and accumulates above $2.55. According to pivot points, XTZ’s vital support level is $2.55. Whereas if it heads up, the critical resistance to watch is $4.80. Besides, the chart also features a Doji candlestick pattern displaying a sideways trend with high dependability.
The Ichimoku Cloud, consisting of lead 1 & lead 2 with a displacement value of 1. It operates as a pivot level and a leading indicator in the asset price change. Investors may witness the price break below the green Moku Cloud and now float below the red Moku Cloud, so until the price resides below the red Moku Cloud, it will assure a bearish trend in XTZ.
The Schaff Trend Cycle indicator (Bearish) with a 29 represents a sell signal in the coin, projecting a downtrend. Additionally, Investors can see a red sell signal and a downward slope in the index.
The volume of (100.315K) showcases a low volume below the Volume MA (694.19K) of 20-days. Investors may also observe low volume is being directed and a decline of volume bars in the chart, indicating a decreasing volume in the coin.
Tezos (XTZ) Token Lost Buying Pressure On Intraday
XTZ token price was trading at $3.41 with 0.50% neutral daily and 11.1% negative returns in the weekly period. In contrast, market capitalization stands at $2.88 billion. Technically, the price is accumulating below the red Moku cloud. Hence, Indicator STC signals sell in the coin. Low volume is being directed, and the price may remain sideways in upcoming trading sessions.