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Tezos Price Gains 13.7% to $4.39 – Where to Buy XTZ

tezos xtz
tezos xtz

Tezos is among the best gainers in the crypto market. Despite a slight slump in crypto prices in the last 24 hours after BTC failed to maintain $50K, Tezos has shown great resilience and is headed towards creating new monthly highs. Whilst Tezos is not a top gainer in the past month; its current value is a 55% rise from what it was trading at during the July 20 lows.

XTZ is trading at $4.39 at the time of writing after a 13.7% gain in 24 hours.

Tezos Price Analysis

Tezos Price Analysis Aug 24
Source: Tradingview

Tezos is a leading gainer in the past 24 hours, and not just because of market support, but buyers have also come in to give the coin support. XTZ has managed to create a new monthly high with these gains, and traders are eager to see whether the coin will create a new all-time high if the bulls continue.

If XTZ bulls continue, the next resistance for the coin will be at$4.50. This will most likely be achieved in the short term, considering that bulls are currently strong. If it breaks past this level, the other resistance will be at$4.65. XTZ needs almost to double its value to create a new all-time high.

On the other hand, the market bulls could fail, and buyers could start selling, thus causing a dip in prices. If this happens, XTZ will head towards the lower support of $4.20. This support could be retested to determine whether the bulls are still strong. If bears jump in to reverse the trend, further dips could happen.

The gains made by XTZ in the past 24 hours have also been attributed to the bullish activity on the blockchain. The Tezos platform has gained adoption from Golden Goals, a football club NFT merchandising platform. The platform will launch on the Tezos network. The French Football Club, FC Nantes, will use Tezos to sell NFT merchandise, which is expected to positively affect XTZ prices in both the short term and the long term.

Where to Buy XTZ

If you want to buy XTZ, you can create a cryptocurrency exchange account on eToro. eToro is a social copy trading platform, which means that as a new trader, you can copy the strategies of expert traders. eToro also charges low trading fees and offers access to a wide range of user-friendly features.

Looking to buy or trade Tezos (XTZ) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provide.

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