CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$22,816.00
  • ethereum
    ETH$1,630.66
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Tezos Price Analysis: Below $1.50, XTZ Worst Perfoming Top 10 Cryptocurrency Over The Last Week

    Tezos Price Analysis: Below $1.50, XTZ Worst Perfoming Top 10 Cryptocurrency Over The Last Week

    Author: Yaz Sheikh

    Last Updated Dec 24, 2019 @ 16:13
    • Tezos fell by a steep 10% this week, making it the weakest performing altcoin out of the top 10 projects.
    • Against Bitcoin, the cryptocurrency remains above strong support at 0.0002 BTC.
    • Tezos still has surged by a total of 42% over the past three months as it climbs into the 10th ranked position.

    Key Support & Resistance Levels

    XTZ/USD

    Support:  $1.50, $1.42, $1.29.

    Resistance: $1.64, $1.80, $1.88.

    XTZ/BTC:

    Support: 0.000189 BTC, 0.00018 BTC, 0.000167 BTC.

    Resistance: 0.00022 BTC, 0.00025 BTC, 0.000262 BTC..

    XTZ/USD: Tezos Finds Strong Support At $1.50

    xtzusd_dec24

    Tezos continued to fall beneath the support at the $1.60 level after rolling over from the resistance at $1.80. The cryptocurrency continued to drop until support was reached at $1.50, and the bulls started to defend the area. 

    Tezos is now on the bearish footing after dropping by a total of 18% over the past 12 days. If the sellers would continue to push Tezos beneath $1.50, the bearish trend would continue further lower. Alternatively, to turn bullish, it must rise and close above the $1.80 resistance level. 

    Tezos Short Term Price Prediction

    If the bearish pressure persists and XTZ falls beneath $1.50, initial support is located at $1.42 (.382 Fib Retracement) and $1.29 (.5 FIb Retracement). Beneath this, additional support is found at $1.24 (100-days EMA) and $1.15 (.618 Fib Retracement and 200-days EMA). On the other hand, if the buyers defend the $1.50 region and push higher, an initial resistance is located at $1.64, $1.74, and $1.80. Beyond $1.80, higher resistance is found at $1.88 and $2.00.

    The RSI has recently slipped beneath the 50 level for the first time in 2 months which shows that the sellers are starting to take control over the market momentum. However, the Stochastic RSI is trading within overbought conditions as we wait for a bullish crossover signal to send the market higher.

    XTZ/BTC – Tezos Rolls Over From 0.00025 BTC Resistance.

    xtzbtc_dec24

    Against BTC, Tezos failed to climb over the resistance at the 0.00025 BTC level, causing it to roll over and fall. It dropped beneath 0.00020 BTC to find support at 0.000193 BTC – where the market rebounded.

    If the sellers were to push Tezos further beneath the support at the 0.000193 BTC level, then it would be considered as a bearish market. Alternatively, to turn bullish, it must rise and break above the resistance at 0.00025 BTC.

    Tezos Short Term Price Prediction

    If the buyers manage to allow Tezos to climb higher from this area of support, an initial resistance is located at 0.00022 BTC and 0.00025 BTC (bearish .886 Fibonacci Retracement level). Above this, resistance lies at 0.000262 BTC 0.000271 BTC, and 0.00028 BTC. On the other hand, if the selling pushes XTZ beneath the support at 0.000193, additional support is found at 0.000189 BTC, 0.00018 BTC, and 0.000167 BTC.

    Similarly, the Stochastic RSI is trading in extreme oversold conditions as we wait for a bullish crossover signal to send the market higher.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Tags: Tezos (XTZ) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Yaz Sheikh
    More posts by this author

    Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potentials of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.

  • bitcoin
    BTC$22,816.00
  • ethereum
    ETH$1,630.66
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!