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

The XTZ/USD pair is currently in a bearish trend zone. The XTZ price was in a sideways trend at the beginning of January 2019. The crypto has an opening balance of $0.4661 in the month of January. On January 10, the bears broke the range bound movement, the 12-day EMA, the 26-day EMA, and the price fell to the low of $0.4556.

The crypto further depreciated to the low of $0.3944 to commence a range bound movement. Today, XTZ price is trading and being resisted by the EMAs at a price of $0.4201 as at the time of writing. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell 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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