Tezos Price Prediction for Today, January 17 – XTZ Technical Analysis

The Tezos price prediction renews the bullish trend after crossing above the 9-day and 21-day moving averages to touch the daily high at $1.19.

Tezos Prediction Statistics Data:

• Tezos price now – $1.15
• Tezos market cap – $1.1 billion
• Tezos circulating supply – 967.3 million
• Tezos total supply – 988.3 million
• Tezos Coinmarketcap ranking – #61

XTZ/USD Market

Key Levels:

Resistance levels: $1.30, $1.35, $1.40

Support levels: $0.95, $0.90, $0.85

XTZ/USD is currently following an upward roll as the coin moves to cross above the upper boundary of the channel. The Tezos price is hovering above the 9-day and 21-day moving averages. However, a possible bullish cross above the channel may keep the coin on the higher side.

Tezos Price Prediction: Tezos (XTZ) Could Move into the Higher Side

At the time of writing, the Tezos price is recovering toward the resistance level of $1.20. Meanwhile, the initial break above the 9-day and 21-day moving averages boosted the price up; the Tezos (XTZ) could create additional highs if the coin crosses above the channel. From above, more hurdles may come into play, and of course, the nearest resistance level may be located at $1.20.

However, the trend remains in the hands of the bulls which could be supported by the 9-day moving average, if it crosses above the 21-day moving average to confirm the bullish movement, Meanwhile, a break above $1.20 and $1.30 resistance levels could push the coin to hit the potential resistance levels of $1.30, $1.35, and $1.40 while a break below the lower boundary of the channel could lead to the supports of $0.95, $0.90, and $0.85 respectively.

XTZ/BTC Heads to the North

Against Bitcoin, the Tezos price is consolidating to the upside and trading above the 9-day and 21-day moving averages. However, if the market price slides below the moving average, the bears are likely to bring the price towards the lower boundary of the channel; moving near the lower boundary of the channel could take the price to the support level of 2109 SAT and below.

However, if the coin decides to follow the uptrend, crossing above the upper boundary of the channel could bring it to the potential resistance level of 3100 SAT and above. Meanwhile, the 9-day moving average is likely to cross above the 21-day moving average, suggesting more bullish signals in the market.

Tezos Alternatives

According to the daily chart, XTZ/USD achieved a peak of $1.19 at the market’s opening today. In the European session, Tezos demonstrates strength toward the upper boundary of the channel. Meanwhile, this upward momentum enables Tezos to regain positive ground. The rebound above the 9-day and 21-day moving averages suggests a potential dominance of buyers in the market.

On that note, Bitcoin Minetrix is emerging as a dynamic and forward-looking token, setting itself apart from Tezos (XTZ), a cryptocurrency with a significant market presence boasting a $1.1 billion market cap. While Tezos’ growth potential may be restricted by its substantial size, Bitcoin Minetrix introduces a novel approach through its decentralized cloud mining platform. The token has garnered substantial success in its presale, amassing an impressive sum of nearly $8.7 million during the current presale phase.