The Tezos price had a 20% correction down to $5.37 but has recovered well and is poised for a new leg up after defending a crucial support level. The digital asset remains in price discovery mode after establishing a new all-time high of $6.8 on April 6.
Tezos price aims to continue strong uptrend
On the 4-hour chart, the Tezos price held above the 50 SMA support level at $5.4, and it is trading at $5.92 at the time of writing. The strongest resistance point in the short term is located at $6, a psychological level, and the 78.6% Fibonacci retracement level.
xtz price
XTZ/USD 4-hour chart
A breakout above $6 should quickly drive the Tezos price toward the previous all-time high of $6.8. The RSI has cooled off significantly, which will allow bulls to push XTZ easily to new all-time highs.
xtz price
XTZ/USD 4-hour chart
At the same time, a rejection from the key level at $6 will push the Tezos price down to the 50 SMA at $5.4, which also coincides with several lows formed on April 7. A breakdown below this point has a price target of $5, a psychological level, and the 50% Fibonacci retracement point.
Related Post:
- Tezos Price Prediction 2023[tezos-tezos price prediction-tezos coin-tezos price-xtz-tezos crypto]
- Tezos Price Prediction UPDATED[tezos-tezos price prediction-tezos coin-tezos price-xtz-tezos crypto]
- ? Tezos Price – Tezos Ready To BREAKOUT? – XTZ Price Forecast – Tezos Price Analysis
- Tesoz [XTZ] Price Analysis Prediction Feb. 9 / Tezos XTZ is only one bump away from all-time highs
- BNB and CAKE Surge to New All-Time Highs! Is Ethereum Doomed?
- CRYPTO NEWS – Altcoins Surge to New All-Time Highs ?
- OMG!! MITT HYBRID-LAG FÖR 2 MILJONER COINS!! FIFA 19 Ultimate Team på Svenska
- XTZ (Tezos Xtz) Xtz Price Is Falling [The Tezos Xtz Breakout Explained Inside]
- Tezos XTZ is only one bump away from all-time highs
- #Tezos #XTZ Tezos (XTZ) buy ?, Tezos (XTZ) on 8$ ?