• The price of the coin was stable as the bulls reached a high of $1.800.
• The bulls have broken above the EMAs,and  the XTZ price is likely to rise to retest the $1.80 overhead resistance level.

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 bullish trend in the previous month. The price of the coin was stable as the bulls reached a high of $1.800. On May 20, the bulls were resisted and the XTZ market was on a downward correction. The bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $1.18 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 $1.18 is likely to hold as the bulls make an upward move.

The bulls have broken above the EMAs, and 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 above the 80% range which indicates that the price of Tezos is in a bullish momentum and a buy signal.

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