XTZ Price Analysis Prepared by Josh Olszewicz. Technicals for the XTZ/USD pair are strongly in favor of a definitive bullish trend. Upside resistance sits at the psychological resistance of US$3.00 as the asset is currently in price discovery mode.
The high percentage of staked circulating supply, at nearly 80%, may suggest there is not much else to do with XTZ currently, as smart contracts and dapps have yet to take hold. The high staking percentage is likely directly related to several exchanges and custody services allowing for staking participation. Currently, just over 15% of the XTZ circulating supply is held by exchange bakeries. Worldwide Google Trends paints an extremely bullish picture for the asset.
Read the full technical analysis here
https://bravenewcoin.com/insights/tezos-price-analysis-price-discovery-following-consistent-gains
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