• The price of Tezos appreciated by 6.96% of its capitalization in July 2019.
• The XTZ price is in a bullish momentum and a buy signal.

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 in a bearish trend in July 2019. On July 5, the pair reached a high of $1.3000 and was resisted. On July 1, the XTZ price has an opening balance of $0.9319 and a closing balance of $0.9968 as of July 27, 2019. The price of Tezos appreciated by 6.96% of its capitalization in July 2019.

On July 6, the bulls were resisted at the $1.300 price level. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. On July 16, the downward trend was corrected at the support of the $0.850000 price level. On July 17, the bulls made an upward move to break above the EMAs.

The bulls were resisted at the $1.100 price level and the price fell back to the bearish trend zone. Today, the price of Tezos is in a range bound move below the EMAs. The stochastic is in the overbought region but above the 40% range which indicates that the price of Tezos 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.