<h2>Past Performance</h2>
Tezos prices are trading at January 2022 lows, sliding below crucial support when writing. After sharp losses on April 26, XTZ buyers are yet to reverse losses and are pinned within the bear breakout bar, signaling weakness. Based on the current setup, XTZ may slide to new 2022 lows. As such, traders may find entries on every retest of $3 to unload in the immediate term.
<h3>Tezos Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/04/Tezos-XTZ-Daily-Chart-for-April-27.png"><img class="alignnone size-full wp-image-233598" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/04/Tezos-XTZ-Daily-Chart-for-April-27.png" alt="Tezos XTZ Daily Chart for April 27" width="1366" height="768" /></a>

Overall, sellers are in control and <a href="https://www.cryptoknowmics.com/news/tezos-meltdown-will-xtz-rest-q1-2022-lows-of-3/">XTZ</a> prices are within the bearish engulfing bar of April 26. From this setup, every high below $3 and yesterday's bear bar offers selling opportunities for aggressive sellers from an effort versus result perspective. As per the XTZUSDT candlestick arrangement, the immediate bear target is $2.5 marking the lows of January and February 24 pin bars. A high volume break above $3, on the other hand, would offer Tezos bulls a lifeline, possibly forming the base for a leg up towards $3.3.
<h3>What to Expect from Tezos?</h3>
The crypto market is under pressure, spilling over to XTZ. Sellers are in control as long as prices are below $3 and inside the wide-ranging bear candlestick of April 26.

Tezos Drops 10%, Will XTZ Prices Slide to New 2022 Lows?

Tezos is down 10 percent versus the USDT in the previous trading week. XTZ is within a bear breakout formation with a ceiling at $3.

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

Tezos Drops 10%, Will XTZ Prices Slide to New 2022 Lows?

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