Tezos Price Prediction for Today, October 11 – XTZ Technical Analysis

The Tezos price prediction is rising with a gain of 6.05% over the past 24 hours as the coin rises above the $0.74 level.

Tezos Prediction Statistics Data:

• Tezos price now – $0.68
• Tezos market cap – $635.8 million
• Tezos circulating supply – 955.7 million
• Tezos total supply – 976.7 million
• Tezos Coinmarketcap ranking – #50

XTZ/USD Market

Key Levels:

Resistance levels: $0.80, $0.82, $0.84

Support levels: $0.55, $0.53, $0.51

XTZ/USD is trading above the resistance level of $0.65 as the coin heads to the upside. It could be possible that the more the support level of $0.64 is tested, the more it is likely to break higher. However, if the buyers fail to push the coin to the upside, traders could expect the market price to break beneath, and this may likely test the critical support levels of $0.55, $0.53, and $0.51.

Tezos Price Prediction: Can Tezos Head to the Upside?

According to the daily chart, the Tezos price is hovering around $0.68 with a bullish movement above the 9-day and 21-day moving averages. However, if the bulls put more pressure, the Tezos price may cross above the upper boundary of the channel to hit the resistance levels at $0.80, $0.82, and $0.84.

Moreover, the 9-day moving average may need to stay above the 1-day moving average as the coin is likely to create additional gains. In the meantime, the bulls may come into focus for a larger divergence if the upside is noticed.

XTZ/BTC Spikes to the Upside

Against Bitcoin, the Tezos price is hovering above the 9-day and 21-day moving averages after touching the resistance level of 2715 SAT. The Tezos (XTZ) retreats toward the lower boundary of the channel as the price begins to slowly ascend and it is currently trading around the 2507 SAT. However, the Tezos price is now contained within the channel as traders wait for the bulls to hopefully push the price above the moving averages.

On the upside, if the bulls can keep the coin above the moving averages, traders can expect the coin to reclaim the resistance level of 2700 SAT. Above this, higher resistance could be located at 2800 SAT and above. Alternatively, If the market crosses below the lower boundary of the channel, XTZ/USD may hit the critical support at 2200 SAT and below.

Alternatives to Tezos

At the moment, the Tezos price could begin to recover toward the resistance level of $0.75. Meanwhile, the initial break above the upper boundary of the channel could boost the price and the coin may create another high if the coin crosses above the resistance level of $0.75.

Nevertheless, the Bitcoin Minetrix presale has hit a major milestone, raising $1 million within the first few weeks. Hitting $1.5m is only a matter of time at this pace. However, with its innovative approach to cloud mining and current low entry point, the $BCTMTX token may become the next explosive crypto success story that creates tremendous wealth in the crypto world.