Tezos Price Prediction: Long-term (XTZ) Value Forecast – June 29
- However, the support of the $1.18 price level is likely to hold as the bulls make an upward move.
- The price of Tezos was in a bullish trend and the bulls reached a high of $1.800
XTZ/USD Long-term Trend: Bearish
- Resistance levels: $1.6000, $1.8000, $2.0000
- Support levels: $1.2000, $1.0000, $0.8000
The price of Tezos was in a bullish trend and 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 is likely to fall. However, the support of the $1.18 price level is likely to hold as the bulls make an upward move.
On the upside, if the bulls break above the EMAs, the coin price is likely to rise to retest the $1.80 overhead resistance level. On the other hand, if the bulls fail to break above the EMAs, the crypto’s price is likely to continue its range bound move. The stochastic is in the oversold region but above the 20% range which indicates that the price of Tezos is in a bullish momentum and a buy signal.
Live Tezos (XTZ) Price:
1 XTZ/USD =$4.1274 change ~ 6.86%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.