Tezos Price Prediction for Today, July 20: XTZ/USD Keeps the Price Above $0.85

Updated: 20 July 2023

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The Tezos price prediction shows that XTZ is currently pushing higher with 3.34% gains as the coin manages to face the north.

Tezos Prediction Statistics Data:

Tezos price now – $0.86
Tezos market cap – $820.5 million
Tezos circulating supply – 945.6 million
Tezos total supply – 966.8 million
Tezos Coinmarketcap ranking – #50

XTZ/USD Market

Key Levels:

Resistance levels: $1.00, $1.05, $1.10

Support levels: $0.75, $0.70, $0.65

Tezos Price Prediction for Today, July 20: XTZ/USD Keeps the Price Above $0.85 — XTZUSD – Daily Chart

Looking at the daily chart, XTZ/USD manages to reach a daily high of $0.92 as the market opens today. During the European session, the Tezos price moves to cross above the upper boundary of the channel. Meanwhile, the push to the upside allows the Tezos price to climb back to the positive side. This bounce above the 9-day and 21-day moving averages shows that buyers are likely to dominate the market.

Tezos Price Prediction: Tezos Price May Be Ready for the Upside

At the time of writing, the Tezos price may begin to follow the uptrend if the bulls increase the buying pressure. However, if XTZ/USD needs to see a shift in momentum, the bulls may need to push the price above the channel as the nearest resistance level could be established around the resistance level of $0.90. Therefore, a bullish breakout above the barrier could take XTZ to the potential resistance levels of $1.00, $1.05, and $1.10 as the technical indicator Relative Strength Index (14) moves to cross above the 60-level.

Nevertheless, XTZ/USD is likely to create additional gains as all the technical indicators confirm the upward movement. In other words, if the market dives below the moving averages, a bearish movement toward the lower boundary of the channel may cause the Tezos price to revisit the downside which could hit the support levels at $0.75, $0.70, and $0.65 respectively.

Against Bitcoin, Tezos (XTZ) continues to demonstrate some positive signs across the market and the coin is likely to maintain the bullish movement in the long term, moving within the channel could take the coin to higher levels. Meanwhile, XTZ/BTC is currently changing hands at 2900 SAT which is above the 9-day and 21-day moving averages.

However, the resistance level could be located around 3300 SAT and above but any bearish movement below the moving averages may bring the coin to the closest support level at 2500 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is moving to cross above the 60-level, suggesting a bullish movement for the market.

Alternatives to Tezos

At the time of writing, the Tezos price may continue to follow the uptrend if the bulls increase the buying pressure. However, if XTZ/USD needs to see a shift in momentum, the bulls may need to push the price above the channel as the nearest resistance level could be established around the resistance level of $0.95.

However, Wall Street Memes ($WSM) has emerged as one of the most talked-about projects in the space as the meme coin market has exploded in popularity in the past two months. Meanwhile, the token has raised almost %17 million so far in the presale.

New OKX Listing - Wall Street Memes

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