Tezos’ native token XTZ is steadily trending upwards against Bitcoin since October 2019.
A medium-term ascending trendline is offering strong support to the said uptrend.
Favorable fundamentals and technicals could lead XTZ to establish an all-time high in bitcoin-enabled markets.
Tezos blockchain’s native asset XTZ could register a historic high against Bitcoin in 2020 despite facing the risks of deeper dives.
The tenth-largest cryptocurrency surged by circa 313 percent after bottoming out near 7,963 sats in October 2019. At its highest, XTZ was trading at 38,644, but a Coronavirus-induced sell-off led it lower towards a fresh 2020 low of 24,596. Nevertheless, it has since rebounded impressively, marking one of the best recoveries among the top crypto assets.
XTZBTC rose steadily, supported by a medium-term ascending trendline | Source: TradingView.com, Binance
XTZ’s uptrend received ample technical support from a medium-term ascending trendline, as illustrated in the chart above. Each of the cryptocurrency’s downside correction since October 2019 landed at the purpled line. Traders used the level as their cue to accumulate, giving prices the much-needed bounce back.
So it appears, the market is looking forward to repeating the bullish fractal. XTZ last bounced from the trendline April 6 – and has since extended its rebound by 36.52 percent.
Pullback before Gains
Popular Crypto Youtuber Quentin Francois sees the Tezos price testing resistance near 34,202 sats and then falling back to retest the trendline. But the trader seems convinced that XTZ’s long-term price target is way beyond its all-time high of 40,495. Excerpts from his statements:
“A very good-looking chart is that of Tezos’s XTZ. Currently sitting at resistance, it looks like it wants more though. A possible pullback towards 29600 sats before another attempt to break the resistance and attack the all-time high vs BTC.”
XTZ’s likelihood to fall below its ascending trendline support is also high. The reason lies in the macroeconomic sector that is seeing investors dumping risk-on assets for cash. That is due to the fast-spreading novel Coronavirus that has locked down economies all around the globe.
Investors, most likely, could utilize XTZ’s impressive gains to go back into the bitcoin or US dollar market. Nevertheless, holding the ascending trendline support would preserve the altcoin’s long-term bullish target above 40,495 sats.
Favorable Tezos Fundamentals
XTZ’s price rise also came on the back of a string of positive developments in the Tezos blockchain ecosystem. First, it bagged new clients in the Digital Transfer Agent platform Vertalo and trading system tZero. They want Tezos ledger to tokenize $300 million worth of real estate properties.
Second, Ethereum developer Truffle announced that it would allow its users to develop and deploy apps on the Tezos blockchain.
Photo by Christopher Burns on Unsplash origin »
Tezos (XTZ) price is down 2% this past week as cryptocurrencies struggle for direction. XTZ trades near $0. 80 and risks declines to $0. 65 if bears take control. However, network metrics suggest a resurgence in activity after recent upgrades – which could catalyse upside momentum.
Activities under the Tezos DeFi protocol and NFT interest have been the major pilot of the blockchain.
XTZ staked supply increased as more validators joined the ecosystem.
Tezos [XTZ] has seThe post Will Tezos [XTZ] continue to depend on NFT and DEX activity appeared first on AMBCrypto.
Tezos proceeded with the Lima upgrade, pushing efforts to improve block propagation
XTZ traders remained hesitant in enhancing volume across board
The turbulent happenings around the crypto The post Tezos’ 12th protocol goes live but why is XTZ languishing in pessimism appeared first on AMBCrypto.
Tezos (XTZ) price is still trading close to its lower long-term support level at the $1.30 mark; But with developments happening in its ecosystem, XTZ investors are hopeful of a breakout.
The post Tezos (XTZ) Price Struggles, Can Rising TVL Help? appeared first on BeInCrypto.
Tezos [XTZ] may have put itself and its native cryptocurrency, XTZ, in a problematic situation as per recent events. On 25 August, a group of contributors on its network (Baking Bad) accused crypto exThe post XTZ plunges after Binance 'receipt' proves Tezos is the bad apple. What's next? appeared first on AMBCrypto.
Tezos [XTZ] may have put itself and its native cryptocurrency, XTZ, in a problematic situation as per recent events. On 25 August, a group of contributors on its network (Baking Bad) accused crypto exThe post XTZ plunges after Binance “receipt” proves Tezos is the bad apple. What's next? appeared first on AMBCrypto.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
Tezos [XTZ] has performed decently well overThe post As Tezos [XTZ] pushes past $1.
The Decentralized Finance chain has been gradually recovering from June's losses. But in the process, an interesting pattern has been revealed, which might hint at XTZ’s course of action over the neThe post Tezos: Assessing if XTZ holders will witness another crash in July appeared first on AMBCrypto.
Tezos XTZ/USD is a blockchain network based on smart contracts, one which aims to offer an infrastructure that is more advanced and can evolve and improve over time without endangering itself through a hard fork.
XTZ price has traded above a key bullish trendline since December 2020 Tezos (XTZ)…
The post Tezos Price Analysis: XTZ Liftoff Buoyed by 10% Upside appeared first on Coin Journal.
Tezos (XTZ) has declined by about 14% since its all-time high of $7.21 on…
The post Tezos price analysis: XTZ remains bullish despite 14% pullback appeared first on Coin Journal.
Tezos (XTZ) has advanced from $2. 76 above $5. 5 since the beginning of February, and the current price stands around $3. 56. The cryptocurrency market is losing its value this trading week, and XTZ also remains under pressure.
The recent boom for DeFi related coins, and the related Tezos on-chain growth, has likely temporarily sucked buy-side demand away from XTZ in the near term. However, technicals for both the XTZ/USD and XTZ/BTC pair show bearish trend metrics.
The Tezos (XTZ) price has been decreasing since it was rejected by an important Fib resistance level. While short-term increases could occur, it seems that the long-term trend is bearish. The XTZ price reached a high of $4.
Tezos (XTZ) has been one of the best-performing cryptocurrencies of the past few days. The cryptocurrency surged approximately 15% this weekend once it cracked the pivotal $3. 40 resistance. XTZ now trades for $3.
Криптовалюта Tezos (XTZ) в этом году показывает очень хорошие результаты. Эта монета вместе с Chainlink (LINK) оказалась в списке криптовалют, которые смогли пробиться в топовую десятку альткоинов.
One of the hottest cryptocurrencies in the crypto sphere, Tezos (XTZ) has been enjoying a rally throughout 2020. In mid-February, XTZ jumped 183% YTD only to fall 65% during the March sell-off. Since then, the 10th largest cryptocurrency has risen 113% and is now trading at $2.
Альткоин Tezos (XTZ) в 2020 году приятно удивил многих в криптосфере, так как взлетел в стоимости примерно на 80%. Восхождение XTZ началось еще в середине декабря прошлого года. Тогда монета смогла пробиться в топовую десятку криптовалют по версии сервиса CoinMarketCap.
Альткоин Tezos (XTZ) в 2020 году приятно удивил многих в криптосфере, так как взлетел в стоимости примерно на 80%. Восхождение XTZ началось еще в середине декабря прошлого года. Тогда монета смогла пробиться в топовую десятку криптовалют по версии сервиса CoinMarketCap.
Crypto exchange CEX. IO, today announced it will be listing XTZ, the crypto asset token of the Tezos blockchain platform. On February 5, the exchange will enable Tezos deposits and begin XTZ/USD trading.
The Tezos (XTZ) rally may end up putting the coin among the top 10 based on market capitalization. XTZ is closing in on Stellar (XLM), possibly achieving a “flippening”. Tezos Project Gains Popularity The XTZ market price awakened in the past weeks, boosting the expectations for future appreciation.
Tezos (XTZ) seems to be immune to the recent crypto market slide, continuing its rally from the past weeks. XTZ was up to as high as $1. 33, gaining momentum and potentially signaling a successful quarter.
Tezos has a bullish short-term bias, with the XTZ / USD pair recovering to its highest trading level since May 2019 The four-hour time frame shows that bulls are trying to invalidate a bearish pattern The daily time frame shows that a bullish breakout is currently underway Fundamental Analysis XTZ spiked after Coinbase announced integration […]
The post Tezos Price Analysis XTZ / USD: Jump Start appeared first on Crypto Briefing.
Coinspeaker XTZ Surges Violently on the News that Tezos is coming to Coinbase ProAfter Coinbase Pro said that it will now support Tezos, XTZ jumped 16. 4% within an hour with trading XTZ against Bitcoin and USD expected to start on August 5 once a four-stage rollout is accomplished.
На торговой платформе Coinbase Pro в августе будет добавлена поддержка криптовалюты Tezos (XTZ). Так, 5 августа у пользователей появится возможность вносить депозиты в XTZ, а торги XTZ/USD и XTZ/BTC откроются после создания достаточной ликвидности.
By CCN. com: Tezos (XTZ) was off to a positive start this Wednesday after a couple of unsteady sessions at the beginning of this week to scale a market cap of $790 million at press time. The XTZ-to-dollar exchange rate surged 10-percent to establish its intraday high towards $1.
Tezos [XTZ] Tezos [XTZ] dominates the leading board of coins which are ranked by market capitalization with its double digit increase only in the last 24-hours. Reaching the price of $1. 44 against the US Dollar in the beginning of the week it counts 11.
XTZ tokens have so far been the big winner with a batch of positive Tezos news over the past week. Starting at $1. 22, the value of XTZ tokens – or ‘tezzies’ – grew throughout Monday to finish at $1.
CryptoNinjas
Bitcoin and cryptocurrency exchange Kraken today announced support for Tezos (XTZ). Trading starts Tuesday, October 16th. Margin trading will not be available at launch for XTZ but may be enabled in the future.
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 .
XTZ, the native token of the controversial Tezos blockchain, has entered a new phase on its road to redemption, recently launching its mainnet. Whether its experimental form of blockchain governance and transaction consensus actually works in practice, will now become more apparent — early signs appear to be mixed.
The Tezos mainnet was one of the most highly anticipated launches of the year, and the blockchain community kept waiting anxiously for it to go live. Ending the wait, Tezos Foundation announced on Monday, Sept, 17, that the mainnet is now live.
Evolve Markets has announced the addition of Tezos (XTZ) trading to its platform — which currently allows users to trade Bitcoin, emerging altcoins, and other currencies on the Metatrader 5 platform.
Tezos (XTZ) has officially launched their main network, putting an end to the ongoing beta phase. Contrary to what one might expect, the project saw $170 million erased from its market capitalization.
Tezos Foundation (CRYPTO: XTZ) launched on Monday its blockchain protocol which is now fully operational and managed by the Tezos community. The XTZ token rose to $1. 68 early Monday gaining 46% from a one-week low of $1.
Tezos (XTZ) has gone live on mainnet, ending more than a year of developing the platform following its ICO in the summer of 2017. The Tezos mainnet went live at just after 14:00 GMT on Monday afternoon, ending a more than two month beta period for the platform.
Despite some difficulties that have resulted in a serious delay, XTZ first MainNet is finally to be launched today, September 17.
The post Tezos Blockchain Finally Completes Testing and Goes Live Officially appeared first on CoinSpeaker.
In what seems like a flat weekend market, Tezos has gained roughly around 30 percent following the news of its mainnet launch on Monday, September 17. Mainnet Launch Announced, Prices React On Friday, September 14, Tezos (XTZ) announced the official launch of their mainnet the coming Monday.
During one of the most successful and largest ICOs ever held – Tezos Foundation raised over $232 mil bringing a new cryptocurrency in the market with a initial mode of the blockchain launched afterwards.
Tezos is the world's first self-evolving blockchain. Let's take a look under the hood in this beginner guide and see what makes it tick.
The post What is Tezos (XTZ)? | A Beginner’s Guide to the Controversy Coin appeared first on CoinCentral.
Made in the USA by former Morgan Stanley analyst Arthur Breitman, Tezos considers itself the last cryptocurrency you’ll ever need. Its ICO raised 66,000 BTC and 361,000 ETH in July 2017 on the back of this promise.
Tezos (XTZ) has cleared up some misconceptions about how its proof-of-stake (PoS) mechanism works. As it turns out, the Tezos model falls somewhere in between classical PoS and its more controversial counterpart, delegated PoS.
XTZ, the native cryptocurrency of the Tezos blockchain platform, recently defeated a long-standing Head & Shoulder pattern. If successful, the bearish technical indicator could have crashed XTZ to as low as 523 sats.
