XTZ/USD Long-term Trend: bullish Resistance levels: $1.2000, $1.3000, $1.4000 Support levels: $0.4000, $0.3000, $0.2000

The XTZ/USD pair had been in a bearish trend since January. The crypto’s price traded and its price fell from the high of $0.4661 to the low of $0.3747 in the month of January. In other words, the crypto lost 19.6% of its capitalization in the month of January. In the month of February, the crypto price has been in a bullish trend.

On February 14, the bulls broke the 12-day EMA and the 26-day EMA as the crypto reached the bullish trend zone. The price if Tezos is now trading at $0.4467 as at the time of writing. The crypto’s price is expected to rise as the price is in the bullish trend zone.

Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates price is in the bullish trend zone. The stochastic is approaching the overbought region but below the 80% range which indicates that the XTZ price is in a bullish momentum and a buy signal.

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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