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Tezos Price Analysis: XTZ Coin Slips 17% Within 4 Days

Nikhil Ingole by Nikhil Ingole
December 3, 2021
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Tezos Price Analysis: The XTZ Shows A Decisive Breakout From The $6 Resistance
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  • The XTZ coin price sustains above the EMA-200 on the intraday session.
  • The 24-hour trading volume is at $156 million.
  • XTZ/BTC pair is trading positive by 0.2% at 0.00009129 BTC.
Source: XTZ/USDT on TradingView

Moving Average (EMA) containing 20,50,100,200 In the XTZ coin daily price chart, it is reliable support for currency price change. Investors can observe that price shows stability above the blue line and can guarantee a bullish trend as long as costs are above the 200 moving average.

The volume (2.512 M) is below the 20-day moving average (6.18 M). The volume is moderate, so the cost has been pumping for several days. Investors may also notice an incline in volume. This indicates that unusual changes are expected on the following trading days.

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XTZ Coin Price Struggles Below Pivot Points

Source: XTZ/USDT on TradingView

The daily price chart of the XTZ coin rebounds from the support zone. Depending on the price action, the support region is within $4.50. On the flip side, the resistance level to look for is around $6.55.  

The RSI showed a 47 (bullish) sign with a short-term buy signal. Investors may observe that the indicator’s RSI line is running upside. A surge can happen on upcoming trading days.

The MACD shows a (bullish) cross above the signal line on November 29, indicating a buy signal for the crypto. In addition, investors can see the beginning of green bars in the histogram indicator.

Conclusion

Tezos price today is $5.22 with a 24-hour trading volume of $156,565,224. XTZ price has been up 0.9% in the last 24 hours. It has a circulating supply of 870 Million XTZ coins and a total supply of infinite.

The RSI and MACD indicate a buy signal. Traders have directed moderate volume. In fact, the cost sustains around the support zone. A market overview also shows that this pattern will continue to surge in the coming trading days.

Resistance Level: $6.55

Support Level: $4.50

DISCLAIMER

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Tags: CryptocurrencyTezosXTZ Coin
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Nikhil Ingole

Nikhil Ingole

Mr, Nikhil Ingole is a Cheif Editor at TheMarketPeriodical with over seven years of technical analysis & trading experience in Forex and Indian stock market. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.

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