Tezos Price Prediction: XTZ Trades Below $2.50 Critical Level

Tezos Price Prediction – May 15
The XTZ/USD financial book of records shows that the crypto economy trades below the $2.50 critical level as price features between the high and low of $1.91 and $1.77 value lines at a positive percentage rate of 1.27.

Tezos (XTZ) Statistics Data:
XTZ price now – $1.86
XTZ market cap – $1.7 billion
XTZ circulating supply – 8.9 million
XTZ total supply – 916.2 million
Coinmarketcap ranking – #40

Tezos (XTZ) Market
Key Levels:
Resistance levels: $2.50, $3, $3.50
Support levels: $1.50, $1, $0.50
XTZ/USD – Daily Chart
The daily chart reveals the XTZ/USD market operation trades below the $2.50 critical level. The trading line was breached southward during the 9th trading session, pushing more dipper in the following days until the price got to a lower-support trading spot. The 50-day SMA indicator is above the 14-day SMA indicator. The Stochastic Oscillators have recently dipped into the oversold region. And they now try to cross northbound slightly against the range of 20.

Will the XTZ/USD market survive rebounding from the $1.50 support trading level?

It currently appears the XTZ/USD market has dumped to get a reset of having to build up all over from the scratches while firm support lines found as depicted by the current trading condition as price trades below the $2.50 critical level. In the near trading future, there’ll be a rise in the crypto’s trending capacity against the valuation of the US Dollar from or around the support points that have been provided in this analytics sentiment.

On the downside of the technical analysis, the UST/USD market bears have to maintain the sell signal side of the 14-day SMA trend line that is closely respected over time. A short pull-up motion is required around the $2 to allow bears to spot a quick correction to have a decent sell entry positioning afterward. A series of smaller pushes from the current point of trading could be tricked to get long-position takers whipsawed for some time especially if traders do not intend to be on the market for a long-term basis.

XTZ/BTC Price Analysis

Texas’s trending capacity against Bitcoin is in a bearish outlook. The cryptocurrency pair economy trades below the SMA trend lines at a deep-down trading area around the lower bearish channel trend line. The 14-day SMA indicator is underneath the 50-day SMA indicators that have moved down into the ranges of 40 and 20. They are now trying to cross northbound from within those range lines. Some variant candlesticks have formed to denote the situation has been gradually turning against getting sustainable downs in the near business activities.

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