Tezos Price Prediction: Long-term (XTZ) Value Forecast – July 13
- The support of the low of $0.918 is likely to hold as the bulls make an upward move.
- The bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $0.918
XTZ/USD Long-term Trend: Bearish
- Resistance levels: $1.6000, $1.8000, $2.0000
- Support levels: $1.2000, $1.0000, $0.8000
The XTZ/USD pair was still in a downward correction. The 12-day EMA and the 26-day EMA are trending southward. The price of Tezos was below the moving averages indicating that the price is falling. On May 20, the bulls were resisted at the $1.800 price level and the XTZ market was on a downward correction to the low of $0.918 on July 1.
The bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $0.918 price level. The crypto’s price is below the 12-day EMA and the 26-day EMA which suggest that price may further depreciate. However, the support of the low of $0.918 is likely to hold as the bulls make an upward move.
The bulls have broken above the EMAs, the XTZ price is likely to rise to retest the $1.80 overhead resistance level. Today, the price of Tezos is now in a bullish trend. The stochastic is in the overbought region but below the 40% range which indicates that the price of Tezos is in a bearish momentum and a sell signal.
Live Tezos (XTZ) Price:
1 XTZ/USD =$2.4208 change ~ -10.54%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.