XTZ prices consolidate below $2.50 amid bearish market conditions


Tezos price analysis indicates XTZ prices are still in a bearish trend. Tezos prices have been consolidating below the $2.50 level over the past few days as the overall cryptocurrency market remains in a bearish state. Tezos price analysis shows that support for XTZ prices is present at around the $1.70 level, but there is significant resistance around the $2.

Tezos prices have been trading around $1.77 to $2.0 over the past few days. Tezos prices are currently facing resistance at around $2.0, and if prices can break above this level, it would be a bullish sign. However, if prices fail to break above $2.0, it is likely that we will see further downside in XTZ prices. The overall cryptocurrency market has been in a bearish state over the past few days, and this has been weighing on XTZ prices.

XTZ/USD price analysis on a 1-day price chart: Bears adamant as XTZ prices remain below $2

The XTZ/USD pair is currently trading at around $1.78, and it looks like the bears are still in control of the market. Tezos prices have been falling over the past few days, and it seems like the bears are not done yet. The trading volume is currently low, which indicates that the market is not very active at the moment. The RSI indicator is currently at around 30, which shows that the market is oversold. However, the bulls need to gain some momentum if they want to take control of the market.

image 526
XTZ/USD 1-day price chart, source: TradingView

The MACD indicator is currently in bearish territory, and it looks like the bears are still in control of the market. The bulls need to gain some momentum and push XTZ prices above $2.0 if they want to take control of the market. The main support levels for XTZ prices are $1.70, $1.60, and $1.50. The main resistance levels are at $2.0, $2.10, and $2.20.The Bollinger bands are currently wide apart, which indicates that there is a lot of volatility in the market.

Tezos price analysis on a 4-hour price chart: Tezos prices fall below $2.0

Tezos price analysis in the last 4 hours shows the bulls have been struggling to take control of the market. Tezos prices have fallen below $2.0, and it looks like the bulls are losing steam. The RSI indicator is currently at around 40, which shows that the market is oversold. However, the bulls need to gain some momentum if they want to take control of the market.

image 525
XTZ/USD 4-hour price chart.source: TradingView

The MACD indicator is currently in the negative zone, and the bears are still in control of the market. The market is experiencing some volatility at the moment, and it is difficult to say where prices will go next. The Bollinger bands are currently extremely wide apart, which indicates that there is a lot of volatility in the market.

Tezos price analysis conclusion

Tezos price analysis illustrates the market is currently trying to make a comeback after a major sell-off. However, the market is still in a bearish state as prices have failed to break above $2.0. The market is expected to remain volatile in the near term, and it is difficult to say where prices will go next.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Comments (No)

Leave a Reply