CryptocurrencyPrice Analysis

Tezos (XTZ) Price Analysis: Price value happens to be in a Sensitive Zone

Tezos, a self-amending cryptographic ledger, has three structural layers which are key layers as follows: the transaction layer, the network layers and the consensus layer. The Tezos Foundation is providing a versatile platform for research developers of blockchain, application develops for decentralization, and communities related to Tezos.

Tezos (XTZ) News and Events

The latest event happened on 5th August with focused sessions on Tezos’s protocol and research-based projects on a big industrial level. There came news on 2 August that Tezos foundation has decided to integrate with Truffle.

Before this granted permission to truffle, the foundation had also granted to Tulip Tools to generate a Tplus development environment for Tezos.

Tezos price statistics

The total market cap of the coin has reached to $916,212,240 USD and 80,623 BTC with a circulating supply of tokens is 660,373,612 XTZ in the markets out of total 801,312,599. The 24-hour volume of the token is happened to be at 801,312,599 XTZ.

Price of Tezos

The price value of Tezos (XTZ) at the time of writing is $1.39 USD and 0.00012209 BTC.

Tezos price  comparison

The trend line of Tezos (XTZ) has the strong support of Bulls form the last 30 days and continuously moving upward unless it marked the point of $1.59 USD. The given chart clearly states that the coin has achieved a good price value this month as compared to the last one where the bearish trend is the champion of the markets.

Tezos price prediction

The price value of Tezos (XTZ) is likely to move in an upward trend with the assistance of bulls. There is a strong support level at 1.344 USD which is difficult to breakdown. The support may push the price up to $1.6 USD or above this. On the other hand, there is an equal chance that value may drop up to $1.2 USD.

Conclusion

The technical analysis Tezos (XTZ) is giving us the signals that the price is hanging in a sensitive zone and it is very difficult to predict the worth of the coin in next coming days as the bearish trend is active from three days with the support of sellers.

The price analysis (price prediction) is our personal judgment without any personal gain or interest after surveying a detailed technical and fundamental analysis.

If you want a price analysis of any other coin comment below to let us know.

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Davis Byrne

Davis Byrne got into cryptocurrency world since 2013. He contributes technical chart-based price updates and price analysis on world's leading digital currencies.

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