XTZ/USD Long-term Trend: Bearish Resistance levels: $1.200, $1.300, $1.400 Support levels: $0.400, $0.300, $0.200

The XTZ/USD pair was in a bearish trend as the price fell to the low of $0.48382. The crypto's price has broken the 12-day EMA and the 26-day EMA but the 12-day EMA was acting as a support for the price of Tezos. From the support at the 12-day EMA, the bulls have broken the 26-day EMA and were attempting to reach the previous high of $0.600 which was a resistance level.

Today, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto’s price is likely to rise if the bulls sustained hold above that level. Meanwhile, the stochastic indicator is out of the overbought region and it is at the 60% range. The stochastic is moving horizontally and making a U-turn from the earlier bearish momentum. The crypto’s price is in bullish momentum.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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