Tezos (XTZ) price movement reflects substantial improvement. The growth has almost doubled the price of the coin. At the beginning of the month, the XTZ price was trading around $1.5, and now it is at $2.9. However, the surge seems to face interruption due to the recent correction.
Tezos Price Analysis
Tezos price was at $1.56 on April 1, and on the next day, it dropped to $1.50. Then, the currency marked escalation, and the price touched $1.69 on April 3. After that, the XTZ price hovered around the same level till the next three days, and by April 7, the price escalated to $2.09. With a slight plunge to $1.96, the price escalated to $2.17 on April 09. Later, Tezos again faced correction and slipped to $1.96 on April 11.
Further, the currency hovered around the same level until April 16 with moderate fluctuations. Then, the coin escalated to $2.14 on April 17, and later, it faced a steep hike, which took the price to $2.3 on the next day. Tezos coin remained at the same level till April 20, and then, it dribbled to $2.09 after two days. Thereafter, the currency reflected heavy improvement, which took the XTZ price to $2.8. However, it faced corrective pullback, and after hitting a low at $2.5 on April 27, the coin again marked immense growth. At the time of writing, Tezos price spotted at $2.95, but it initiates a price correction.
The RSI of XTZ is at 50.76, which reflects no extremities. The MACD indicator is reflecting a bearish signal as the signal line, and the MACD line formed a bearish crossover. As per the current trend, the chances of falling to the immediate support level at $2.8 is relatively high.