• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Tezos Nearing a New High: What's Next for XTZ?

user avatar

by Giorgi Kostiuk

2 years ago

Tezos (XTZ) displays an upward recovery after a long downtrend. Can XTZ reach a new all-time high?

Current Price Dynamics of XTZ

Tezos is currently trading at $1.1803 following a 47% surge overnight. Starting a bullish turnaround from $0.594, XTZ has risen nearly 100%, reclaiming the $1 psychological mark and surpassing the 23.60% Fibonacci level at $1.119.

XTZ Technical Indicators

EMA: The uptrend in the 50-day EMA supports the chances of bullish crossovers. MACD: The MACD and signal lines regain positive alignment with an increase in green histograms.

Probability of a New All-Time High for XTZ

If the XTZ maintains a closing price above the 23.60% Fibonacci level, the bullish trend might exceed the 200-week EMA. Fibonacci levels suggest a potential price of $18 if it breaks past its previous all-time high of $9.145.

As the broader market recovers, XTZ might break through key resistance levels. Whether the reversal rally helps reach a new high remains to be seen.

chest
chest
chest

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Trump Asserts US Dominance Over Strait of Hormuz Amid Tensions

chest

US President Donald Trump claims total US control over the Strait of Hormuz amid tensions with Iran, despite a significant drop in maritime traffic.

user avatarAndrew Smith

Crypto Market Faces Layoffs and Shifts in Investment Trends

chest

The crypto market is currently facing significant layoffs, with firms like Coinbase and FalconX reducing their workforce. Retail investors are increasingly shifting their focus from cryptocurrencies to sports betting platforms and AI stocks.

user avatarZainab Kamara

Bitwise Asset Management Reduces Staff Amid Market Adjustments

chest

Bitwise Asset Management has reduced its staff by approximately 14 employees, bringing its total workforce to about 155, while maintaining that it is still the largest in the company's history.

user avatarJacob Williams

Arthur Hayes Outlines Yenquake Macro Thesis Impacting Bitcoin

chest

Arthur Hayes proposes a macro thesis called 'Yenquake', suggesting that supporting the Japanese yen could inject dollar liquidity into global markets, potentially benefiting Bitcoin.

user avatarSon Min-ho

Jupiter Introduces Smart Debt Feature to Boost DeFi Efficiency

chest

Jupiter has launched a new feature called Smart Debt through its Jupiter Lend platform, allowing users to deploy borrowed assets into DEX liquidity pools to earn trading fees.

user avatarAyman Ben Youssef

Three Indicators for Bitcoin's Return to $100k

chest

Experts identify three signs that may indicate Bitcoin's potential to reclaim the $100k price level.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.