Tezos Price Prediction: Long-term (XTZ) Value Forecast – July 20
- On May 20, the bulls were resisted at the $1.800 price level.
- The price of Tezos was below the moving averages indicating that the price is falling.
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. On May 20, the bulls were resisted at the $1.800 price level. The 12-day EMA and the 26-day EMA are trending southwardly. The price of Tezos was below the moving averages indicating that the price is falling. The crypto’s price is below the 12-day EMA and the 26-day EMA which suggest that price may further depreciate. On July 1, the price of Tezos fell to a low of $0.91800 and commenced a bullish trend above the EMAs.
The bulls break the EMAs but were resisted at the bullish trend zone. On July 16, the price fell to the low at $0.008500 and made an upward move. Today, the price of Tezos is now in a bullish trend. The stochastic is in the overbought region but below the 20% range which indicates that the price of Tezos is in a bearish momentum and a sell signal.
Live Tezos (XTZ) Price:
1 XTZ/USD =$3.6170 change ~ -4.11%
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