Tezos Price Prediction Today: Daily (XTZ) Value Forecast – July 31

  • On the upside, if the price is sustained above the EMAs and the bulls break the $1.3000 resistance level; the crypto's price will rise and retest the $1.8000  overhead resistance.

XTZ/USD Medium-term Trend: Bullish

  • Resistance Levels: $1.20, $1.25 ¸ $1.30
  • Support levels: $1.15, $1.10, $1.05

Yesterday, July 30, the price of Tezos was in a bullish trend. The bulls broke the 12-day EMA and the 26-day EMA  to reach the bullish trend zone. The coin reached a high of $1.3000 and was resisted. On the upside, if the price is sustained above the EMAs and the bulls break the $1.3000 resistance level; the crypto's price will rise and retest the $1.8000  overhead resistance.

Meanwhile, the price of Tezos 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.

XTZ/USD Short-term Trend: Bullish

On the 1-hour chart, the XTZ price is in a bullish trend. The 12-day EMA and 26-day EMA are trending upward. The price of Tezos had a bullish break as the crypto reach a high of  $1.3000 price level. The $1.3000 is now overhead resistance.

Each time the bulls tested the $1.3000 price level, the price falls to the support of either the 12-day EMA or the 26-day EMA.   Meanwhile, the price of Tezos is has reached the overbought region of the daily stochastic but above 20% range. This indicates that price is in a bullish momentum and a buy signal.

Live Tezos (XTZ) Price:

1 XTZ/USD =$3.0756 change ~ -4.31%

Coin Market Cap

$2.27 Billion

24 Hour Volume

$88.5 Million

24 Hour VWAP

$3

24 Hour Change

$-0.1327

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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