Tezos Price Analysis: XTZ Price is recovering with a +6.09% change in 24H

Tezos Price Analysis: XTZ Price is recovering with a +6.09% change in 24H

Tezos Price Analysis: The trend line of the token has recovered itself during the last five days and the coin is holding the mark of $0.96 with a solid positive change of 6.09% in 24 hours. The coin hopes to continue this recovery until it reaches the bullish zone.

Coin Statistical data

Following is the statistical data of Tezos:

  • The market capitalization of the coin is covering the mark of $631,609,075 USD out of the total crypto market cap.
  • $15,878,865 USD is the 24 hour volume of the token.
  • Circulating supply of Tezos is 660,373,612 XTZ While 801,312,599 XTZ is the total supply of the coin.

XTZ Price Value

Currently, at the time of writing the coin is standing at the mark of $0.96 and 0.00011452 BTC.

Tezos Price Forecast

The coin is trying to come out of the bearish zone as the token has shown a slight recovery from during the last five days. After studying the support levels, we can predict that If the coin continues to show such satisfactory performance in the upcoming days then it will be possible for the token to leave the bearish zone behind.

Last 5-day Performance of the coin

The trend line of the coin has corrected itself during the last five days. XTZ was trading at the mark of $0.811 on 26th Sep 2019 showing the bearish trend. But from that point onward the coin has started to recover itself, as the price of the coin jumped to the mark of $0.89 on Sep 27, 2019. On the same day, it went down at $0.76 but only for a short time. After that, the fluctuating price of the coin has been in the upward direction and it has moved up by 10.95% during these days.

The last 5-day performance chart of Tezos is given below:

Conclusion

The coin has been in the bearish trend for some days but from 26th Sep the token has improved its performance and is flowing in the upward direction with a fluctuation in its price. It seems that this recovery of the coin will remain to continue until it comes out of the reddish zone.

Hassan Mehmood

Hassan is currently working as a news reporter for Tokenhell. He is a professional content writer with 2 years of experience. He has got a degree in journalism.

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