Tezos Price Prediction Today: Daily (XTZ) Value Forecast – July 17
- The price of Tezos had been trading below the $1.300 overhead resistance.
- The coin has reached the oversold region of the market.
XTZ/USD Medium-term Trend: Ranging
- Resistance Levels: $1.20, $1.25 ¸ $1.30
- Support levels: $1.15, $1.10, $1.05
Yesterday, July 16, the price of Tezos was in a range bound move below the EMAs. On July 16, the bears reached the previous low of $0.8500. The price of Tezos also reached the oversold region of the market suggesting that buyers are likely to emerge. Traders are to lookout to buy setups so as to initiate long trades in anticipation of a bullish trend.
Today the price of Tezos was resisted at the $1.25 price level. The crypto’s price is below the EMAs which indicates a further depreciation of the coin. The XTZ coin is falling and approaching the low of $1.365. Meanwhile, the price of Tezos is has reached the overbought region of the daily stochastic but below 40% range. This indicates that price is in a bearish momentum and a sell signal.
XTZ/USD Short-term Trend: Ranging
On the 1-hour chart, the XTZ price is in a bullish trend. The 12-day EMA and 26-day EMA are trending horizontally. The crypto’s price is ranging below the $1.000 resistance level. On July 17, the crypto's price fell to the low of $0.8400 and commenced a bullish trend above the EMAs. Meanwhile, the price of Tezos is has reached the overbought region of the daily stochastic but above 80% range. This indicates that price is in a bullish momentum and a buy signal.
Live Tezos (XTZ) Price:
1 XTZ/USD =$4.1010 change ~ 3.76%
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