Tezos News

Tezos (XTZ) on the Verge of Recovery; Next Resistance to Look for $0.879

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Tezos price since the previous five days indicates the downside movement. It was priced at $0.8593 on October 30, 2019, post which the XTZ price continued to fall. It was being traded at the lowest trading price of $0.8289 on the same day. However, it picked up its efficiency and managed to reach $0.9184 with a massive 10% growth. The next day, Tezos managed to maintain its level and reached as high as $0.9233. Since the end of last month, XTZ coin has started to show signs of a gradual decline. On November 01, 2019, the trend of the currency was at the same pace, with the price being stable around $0.87 mark. While writing this piece, XTZ was exhibiting a slight recovery.

Tezos Price Analysis

Tezos is presently indicating a downtrend by 5.20% as compared to the trading price of October 31, 2019. As per the movement of the last 24 hours, XTZ price may surge and find next resistance around $0.879. However, if bears continue to dominate on XTZ coin, it may find next support around $0.85.

You can purchase coins now as per your discretion. Chaikin Money Flow indicator highlights that it is in the downtrend. Today it may cross its immediate resistance and might trade around $0.88. It is recommended to trade from a long-term in Tezos. To avoid any losses in near-term trading, traders should consider following levels:

Resistance and Support Levels

R1: $0.8790, R2: $0.8892 and R3: $0.9043

S1: $0.8538, S2: $0.8387 and S3: $0.8285

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