Tezos (XTZ) Price Movement Indicates Looming Price Drop
Tezos seems to be heading south. As of this writing, XTZ trades at $1.61 following a 3.10% boost in price seen overnight. XTZ’s relative strength index and volume have declined and isn’t showing any signs of bullish movement. As of press time, XTZ movement ceases to be dubbed as an impulse wave. This means that Tezos is now moving towards a back slide. Related Reading | BNB Basks In The Green As Price Glows 5.84% In Fields Of Red Tezos Hints At Bearish Movement The bearish streak has been obvious in Tezos price last week with early signs that the coin’s price will have the tendency to....
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XTZ’s price shows a spark of strength as price breaks out from a descending triangle as price eyes $2 with good volume. XTZ continues in a range-bound downtrend movement as the price aims to breakout. The price of XTZ continues to trade below the 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe. Despite market uncertainties that have affected the prices of many altcoins in recent weeks, the price of Tezos (XTZ) has remained strong. Tezos (XTZ) has held firm ahead of a breakout from its long downtrend, with the price indicating a possible rally to $2. Bitcoin (BTC)....
While the rest of the crypto market is in a state of frenzy, Tron (TRX) price dominance is on for the second day in a row as its price swerves away from the support line. Tron has had a swift recovery so far. TRX/USD swished to a 3% jump and intraday high of $0.06631 today in contrast to yesterday’s low that registered at $0.06383. The rebound was seen after TRX has been moving in the red zone for several days now. The cross signals seen in the daily chart usually hint a downtrend but it somehow triggered a bull run. Related Reading | Tezos (XTZ) Price Movement Indicates Looming Price....
Recent developments suggest that Tezos and its native coin, XTZ, may have placed itself in a precarious scenario. XTZ price reveals a bullish trend Key resistance spotted at $1.48 Tezos price support present at $1.44 On August 25, a group of network contributors under the name Baking Bad claimed that the cryptocurrency exchange Binance had wrongfully frozen over $1 million in assets. Meanwhile, authors further urged the Tezos community to stop supporting the Changpeng Zhao (CZ)-led group by withdrawing their funds from the exchange. Related Reading: Flow Monitoring: Why This Price FLOW....
So far, the doomsayers are proven wrong, yet that situation could change at any given moment. The Bitcoin halving is almost upon us, and many people believe the Bitcoin price will be affected by this milestone. A lot of people seem to think the price will go down, and some of them even expected it to go down before the halving itself. But that does not seem to be the case, despite a small dip on the charts after a strong climb. Influencing the Bitcoin price on the free market is not as straightforward as most people want to believe. Granted, there is the age-old game of bulls and bears....
Tezos NFTs are among the trendy collectibles recently. The popularity of the Tezos BFT ecosystem has grown due to its low mining cost and energy efficiency. The NFT space is receiving more attention over the years. Many companies have dived into the sector as businesses and individuals develop an increasing interest in NFT collectibles. While […]