Tezos price According to the analysis, the price is currently testing a resistance of $ 1.6. The XTZ / USD pair is currently trading at $ 1.55, down 3.82 percent. Market trends are bearish and prices are expected to fall below the $ 1.45 support level in the short term. Tezos price Analysis shows that the current rebound has lost momentum and the bear is regaining control. The market is expected to decline in the short term as bulls struggle to maintain profits.
Tezos Price Fluctuations Over The Last 24 Hours: Bearish Trendline on Daily Charts
The last 24 hours of Tezos price analysis reveals bearish market trends. The XTZ / USD pair is down 3.82% and prices are trading in the range of $ 1.54 to $ 1.6. XTZ has a trading volume of $ 81,282,169.17 and a market capitalization of $ 1.3 billion. The market trend is bearish as prices have been unable to sustain rebounds and have fallen below the $ 1.6 support level. Tezos is currently ranked at 36th place, slightly down from the previous ranking in the last two weeks, and currently accounts for 0.15% of the total market.
The moving average of the XTZ / USD pair is sloping downwards. The moving averages of the XTZ / USD pair are sloping downwards, indicating that the market trend is bearish. A 50-day MA is $ 1.75 and a 200-day MA is $ 2.15. These levels are expected to act as strong resistance levels in the short term. Tezos prices are currently trading below both moving averages, which is a sign of bearishness.
The RSI indicator for the XTZ / USD pair is 36.86. The RSI index for the XTZ / USD pair is 36.86, which indicates that the market is oversold. As the RSI index rises from these levels, prices are expected to be revised higher in the short term.
The MACD indicator on the XTZ / USD pair is bearish. The MACD index for the XTZ / USD pair is bearish, indicating that prices are likely to fall in the short term. The market is expected to be revised lower as the MACD indicator falls from these levels.
The volatility of the XTZ market is high, indicating that prices are likely to remain fluctuating in the short term. The Bollinger Bands look wide, but they look shrinking. This indicates that prices may reach a time of consolidation in the short term. Tezos prices are expected to fluctuate between $ 1.45 and $ 1.6 in the short term.
Tezos price analysis on 4-hour chart: bearish trend is likely to continue
A Tezos price analysis on the 4-hour chart shows that the price is below the support level of $ 1.6 and is currently trading at $ 1.55. Prices are expected to fall further in the short term as market trends are bearish and bears remain in control. The price is supported at $ 1.45, and below this level the price may fall towards the $ 1.35 level.
Technical indicators show a bearish signal. The RSI line is currently in the oversold area while the MACD line crosses the red signal line from above. This indicates that the market is likely to remain bearish in the short term as prices seek lower levels of support.
The Bollinger Bands appear to be contracting, which is a sign of integration. Prices are expected to continue to fluctuate as the market awaits fresh catalysts. The XTZ ATR is currently 0.0494, indicating that prices are likely to remain fluctuating in the short term.
Conclusion of Tezos price analysis
Tezos’ price analysis summarizes that prices are currently trading on a bearish trend line and further price losses are imminent. Bears appear to be sticking to pushing prices down below the $ 1.55 level, which is expected to act as the closest support level. However, as witnessed on the daily chart, the Bulls came out to defend the $ 1.5 level.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
