- Tezos price is trading under the bullish trend while forming the higher high and lows sequence, with slightly lower volume action.
- The crypto asset is trading above its vital DMA lines of 50, 100, and 200-day while struggling near its short-term moving average line of 20-day.
- The pair of XTZ/BTC is trading at 0.0001285 BTC with an intraday gain of +9.04%, and the ratio of XTZ/ETH is CMP at 0.002048 ETH with an intraday rally of +4.14%.
Tezos price at the monthly chart is projecting a bullish move while creating the higher highs and lows pattern. Meanwhile, the coin is also placed above its major moving averages of 50, 100, and 200-day lines. At the same time, the coin also witnesses a strong pullback from the higher levels and now struggling to hold its 20-DMA line. Volume activity over the monthly chart is lower and recorded slightly below its average volume line, which needs improvement in upcoming sessions. The overall trend is still in favor of bulls until the coin sustains above its 100 and 200-DMA lines, with supportive volume activity. Support on the lower side is $6.24 and $5.39, whereas resistance on the higher side is $8.09 and $9.20.
Tezos price at the 4-hour time frame is showcasing a bullish momentum
Tezos price at the 4-hour time frame is showcasing a bullish momentum, while the coin is rebounding successfully from its rising support line. Volume over the weekly chart is lower and needs to grow strongly for the next lap of bullish momentum. The technical parameters are indicating slightly sideways action, with no sign of clear momentum. Tezos price is trading at $7.05 with an intraday gain of +5.92%, and the volume to market cap ratio is 0.09372.
Relative Strength Index (NEUTRAL): Tezos price RSI is trading sideways, with a slight recovery from the lower levels. The coin is trading sideways near its major support line with no sign of significant move and RSI at 47.
Moving Average Convergence Divergence (NEUTRAL): The daily chart indicates a mixed trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) and the seller’s line overlap each other.
Support levels: $6.24 and $5.39
Resistance levels: $8.09 and $9.20.