XTZ/USD Long-term Trend: Bearish

Resistance levels: $1.350, $1.400, $1.450
Support levels: $1.200, $1.150, $1.100

On September 1,the XTZ/USD pair has an opening balance of $1.478 while in a bullish trend . The digital currency reached its high of $1.809 but closed at $1.418 after a bearish trend at the end of the month. The price of Tezos lost about 4% of its capitalization. On October 1, the digital currency has an opening balance of $1.364 but the crypto’s price fell again to the low of $1,240.

Presently, the digital currency is now in a range bound movement as the bulls and the bears are undecided about where price will go. Nevertheless, the price of Tezos is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 40 which indicates that price is in the sideways trend zone.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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