• The crypto’s price is fluctuating between the levels of $1.20 and $1.30 in a tight range.
• On June 7, the XTZ market reached a high of $1.400 overhead resistance level.

XTZ/USD Medium-term Trend: Ranging

• Resistance Levels: $1.30, $1.35 ¸ $1.40
• Support levels: $1.20, $1.15, $1.10

Yesterday, June 11, the price of Tezos was in a sideways trend. The crypto’s price was fluctuating between the levels of $1.20 and $1.30 in a tight range. The 12-day EMA and the 26-day EMA are contracting and trending horizontally indicating that price is in a sideways trend. On June 7, the XTZ market reached a high of $1.400 overhead resistance level. However, the bulls were resisted and the market fell to a low at $1.300 price level.

However, the bearish pressure continues as the price fell into the range bound zone. At the upper range, the bulls tested the $1.300 price level on three occasions. The lower price range of $1.200 had been tested by the bears only on two occasions. Meanwhile, the price of Tezos has reached the oversold 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: Bearish

On the 1-hour chart, the XTZ price was in a bearish trend. The 12-day EMA and 26-day EMA are sloping horizontally indicating a sideways trend. On June 11, the crypto’s price fell to a low at $1.22 price level. The price of Tezos also faces resistance at the $1.29 price level. 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.

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