Tezos blockchain network is not too different from Ethereum. Although, the biggest difference is Tezos aims at a better infrastructure without endangering its hard fork. Both Bitcoin and Ethereum were not able to finish off this part. It provides a secure, upgradable, and built-to-last open-source platform to its customers. The XTZ technical analysis is as follows:
<h2><b>Past Performance</b></h2>
<a href="https://www.cryptoknowmics.com/news/xtz-technical-analysis-price-may-fall-below-levels-of-732-704-and-659/">In the past week</a>, XTZ has traded between $2.45 and $4.17, the price has surged roughly 70% this week. In the last 24 hours, XTZ has traded between $3.59 to $4.17, the total change in price stands at $0.2307.

<img class="shrinkToFit" src="https://s3.tradingview.com/snapshots/s/SyUPocN4.png" alt="https://s3.tradingview.com/snapshots/s/SyUPocN4.png" width="805" height="558" />

<a href="https://www.tradingview.com/x/SyUPocN4/">https://www.tradingview.com/x/SyUPocN4/</a>
<h2><b>Day Ahead And Tomorrow</b></h2>
At the time of press, XTZ was trading at $3.82, which is 5.07% higher in the past 24 hours. Thus, the market looks positive.

Although the long-term bullish trend of the crypto market has turned 360 degrees. If the price breaks the trend line with good volume and the key resistance of $4.5898 is broken, then the bullish trend will be back on the track. Till then, traders should trade as per the trend.

The <strong>MACD line</strong> is in the bearish zone on the daily chart, although a strong buying pressure has changed the direction of the MACD line. If it crosses from below then we can see a bull run towards the zero levels.

The <strong>Relative Strength Index</strong> is at 42% which is close to the oversold zone. This means that the selling pressure is high in the market.
<h2><b>XTZ Technical Analysis</b></h2>
An entry can be made if the XTZ price level breaks the support and trades between the $3.683 and $3.5481 range for a few hours. However, any leverage should be avoided to minimize the losses and the ideal stop loss should be $4.1698.

XTZ Technical Analysis: Bullish Trend Will Be Back on Track

An entry can be made if the XTZ price level breaks the support and trades between the $3.683 and $3.5481 range for a few hours. However, any leverage should be avoided to minimize the losses and the ideal stop loss should be $4.1698.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

XTZ Technical Analysis: Bullish Trend Will Be Back on Track

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