Tezos (XTZ) could hit $2.4 after a steady relief rally

2022-5-26 00:05

Tezos (XTZ) has managed to establish a decisive upward trend as we end a troubled May in the crypto market. The coin appears to have significant upward momentum and will likely report more gains over the coming days. Here are some of the highlights:

Tezos has managed to regain the crucial $2 support

Consolidation around this price is happening right now.

XTZ will likely surge past $2.4 before any significant pullback

Data Source: TradingView 

Can XTZ maintain this uptrend for long?

A rise above $2 is a clear sign that indeed a prolonged recovery runs for XTZ could be possible. In fact, if bulls can push the price action above $2.4 and keep it there for a few days, we could see XTZ add nearly 50% in early June. Besides, XTZ is coming from a period of intense sell-off during the first half of May. At one point, the coin bottomed at $1.4, the lowest it has been in 2022.

But we are seeing incredible recovery. XTZ has gained around 50% from its lowest price this year and appears to be headed for another 50% bounce. Nonetheless, this steady uptrend also suggests that XTZ is due for a correction. 

However, we do not think this will happen anytime soon. In fact, XTZ will likely surge past $2.5 before some dip buyers start to cash out. The coin will however need to keep the price above $2 for this bullish setup to remain relevant.

XTZ – The short-term play

There is decent short-term play for XTZ buyers right now. The coin is hovering slightly above $2 which is an ideal entry point. 

Buyers who enter at this price can hold XTZ for a few days and exit when the price nears $2.4. However, if the coin fails to close the day at $2 or above, wait for the next consolidation phase.

The post Tezos (XTZ) could hit $2.4 after a steady relief rally appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Tezos (XTZ) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $1.0795
Капитализация $0 Rank 99999
Цена в час новости $ 2.1126 (-100%)

tezos xtz relief steady rally could hit

Источник: coinjournal.net

tezos xtz → Результатов: 126


Фото:

Should you buy Tezos (XTZ) after it hit its latest all-time high value?

Tezos XTZ/USD is a blockchain network based on smart contracts which aim to offer infrastructure on a higher level. It can evolve and improve over time without any dangers of a hard fork. The decentralized application space momentum as a catalyst for growth Tezos is a self-amending layer-2 proof-of-stake (PoS) blockchain that can upgrade itself […] The post Should you buy Tezos (XTZ) after it hit its latest all-time high value? appeared first on Invezz.

2021-10-4 20:32


Фото:

Should you buy Tezos (XTZ)? Banking on social impact

Tezos XTZ/USD takes advantage of what is known as liquid proof-of-stake (LPoS), and this is important to know when evaluating the value of its cryptocurrency. You see, LPoS is an algorithm that is used by the computers running the Tezos software and is used to secure the network, validate the transactions and distribute newly minted […] The post Should you buy Tezos (XTZ)? Banking on social impact appeared first on Invezz.

2021-6-15 18:52


Альткоин Tezos с октября 2019 года взлетел более чем на 300%

С октября 2019 года цифровая валюта Tezos (XTZ) подскочила в цене примерно на 313%. Если осенью она держалась в районе $0,846, то уже в середине апреля XTZ находился на уровне $2,47. На протяжении последних нескольких месяцев Tezos стабильно движется вверх по отношению к биткоину.

2020-4-24 18:09


В Tezos создали призовой фонд для борьбы с коронавирусом

Сообщество криптовалюты Tezos объединилось и учредило приз в криптовалюте XTZ за помощь в борьбе с коронавирусом. 2 марта разработчик Tezos Иоганн Танзер опубликовал статью на Medium, в которой призвал пользователей Tezos использовать вычислительные мощности для поощрения исследований в области коронавируса взамен на потенциальное вознаграждение в XTZ.

2020-3-4 10:47


Tezos Price Analysis XTZ / USD: Breaking Resistances

Tezos now has a bullish short-term and medium-term trading bias The four-hour time frame shows that large inverted head and shoulders pattern has formed The daily time frame highlights and an even larger bullish pattern Tezos has made major strides this week, with the cryptocurrency rallying to its highest trading level mid-August and gaining well-over […] The post Tezos Price Analysis XTZ / USD: Breaking Resistances appeared first on Crypto Briefing.

2019-11-8 18:05


Фото:

Инвестиции в криптовалюту: Tezos (XTZ)

Представляя первый в мире саморазвивающийся блокчейн, можно смело утверждать, что Tezos (XTZ) — это умная контрактная платформа, похожая на Ethereum. По мере развития инноваций крипта прогнозирует, что их блокчейн останется на переднем крае.

2019-4-23 17:18


Tezos (XTZ) Price Prediction 2019 – Are The Turbulent Times Behind XTZ?

Tezos is a novel blockchain, another “Ethereum killer” that was first proposed in a paper released in Aug. 2014 with more specifics announced in a whitepaper released in Sept. 2014. The Tezos blockchain is designed with a focus on on-chain governance, allowing token holders to vote for proposed changes to functionality in order to avoid […] The post Tezos (XTZ) Price Prediction 2019 – Are The Turbulent Times Behind XTZ? appeared first on CaptainAltcoin.

2019-3-18 20:11


Инвесторы Tezos избавляются от токенов проекта после листинга на бирже

Инвесторы Tezos ждали почти год, чтобы получить свои токены. И сразу же избавились от своих XTZ, как только их получили. Об этом пишет Coindesk. По крайней мере, об этом говорят рыночные данные, показывающие волну продаж, которая прошла после запуска беты платформы Tezos в начале недели. Согласно да...

2018-7-7 12:27


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Tezos price prediction: a look at XTZ and network metrics

Tezos (XTZ) price is down 2% this past week as cryptocurrencies struggle for direction. XTZ trades near $0. 80 and risks declines to $0. 65 if bears take control. However, network metrics suggest a resurgence in activity after recent upgrades – which could catalyse upside momentum.

Tezos Releases Nairobi, XTZ Bulls Unmoved As Bears Dominate

Tezos, the self-amending proof-of-stake blockchain, and an Ethereum competitor, recently implemented its latest upgrade via Nairobi. In a release, the 14th network improvement went live at block #3,760,129, tagging along platform enhancement and the simultaneous unveiling of the Tezos Ecosystem DAO.

XTZ price outlook as Mumbai upgrade goes live on Tezos

Tezos price is poised between key suppport around $0. 97 and major resistance at $1. 28. XTZ bulls could target $2 in April if price breaks higher, or seek support at $0. 70. The Tezos blockchain welcomed its 13th network upgrade dubbed Mumbai.

Tezos Activates Mumbai, Introduces Smart Rollups

Tezos, a self-amending proof-of-stake blockchain, has activated its 13th core protocol upgrade, Mumbai, introducing Smart Rollups, a Layer-2 scaling solution, for faster transaction processing speeds.