您现在的位置是:What next as Tezos slips below a short >>正文
What next as Tezos slips below a short
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛31498人已围观
简介Tezos token XTZ has been bullish this month.The cryptocurrency has breached an ascending trendline a...
Tezos token XTZ has been bullish this month.
The cryptocurrency has breached an ascending trendline and is going lower.
XTZ could fall up to $1.3 as weakness develops.
Tezos XTZ/USD has been bullish since the start of July. The cryptocurrency recovered from the $1.3 bottom on July 1, rising to a high of 1.7 on July 11. The crypto weakness has caused a 2% drop in Tezos in the last 24 hours.
Tezos prides itself on being an open-source platform. It seeks to address the barriers that face blockchain adoption for assets and applications. It achieves the goal by ensuring that Web3 is user-governed. Users can directly interface with one another over the network and interact with various applications. Its native token XTZ is used to pay for fees and for staking. It also acts as the basic accounting unit on the blockchain platform.
Whereas the XTZ token surged massively in 2021, it crashed this year. The token currently trades at $1.5, significantly below the high of above $9 in October 2021. Investors could again be looking for an opportunity to snap the token at the bottom. But is Tezos currently a buy?
Tezos bearish breakout is currently underway
Source – TradingView
Technically, the MACD indicator is flashing a bearish market for Tezos. Previously, the cryptocurrency was trading in a system of higher highs and higher lows. Prices always recovered after hitting the 21-day moving average. However, with the recent weakness, Tezos broke below the ascending trendline and channel. It also trades below the 14-day and 21-day moving averages, which affirms the developing bearish move. We recommend a sell of Tezos as the price faces further declines. The cryptocurrency could proceed lower to touch the $1.3 support again.
Summary
Tezos is bearish after breaching an ascending trendline and channel. MACD indicators and moving averages are bearish. The cryptocurrency could fall back to $1.3.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/77591.html
相关文章
Goldman Sachs Group Inc. plans to provide OTC Ether options trading
What next as Tezos slips below a shortGoldman Sachs Group Inc. has announced plans to offer over-the-counter (OTC) Ethereum (ETH) options...
阅读更多
The best ZK
What next as Tezos slips below a shortFinding the perfect scalability solution for Ethereum has always been a huge challenge. But over the...
阅读更多
Bitget Wallet partners with Linea, aims to collaboratively develop the Layer 2 ecosystem
What next as Tezos slips below a shortVictoria, Seychelles, December 14th, 2023, ChainwireBitget Wallet (formerly BitKeep), a leading glob...
阅读更多
热门文章
- Study Shows Non
- Binance CEO says word of mouth trumps crypto ads in user adoption front
- Venezuela Deploys Bitcoin Satellite For Offline Transactions
- TokenFi (TOKEN) price is up 48% today: Here's why
- South Korea To Launch Blockchain Voting System For Elections
- Chiliz soared on Messi deal: here’s where to buy Chiliz
最新文章
These are some of the best performing coins in 2021 – But it's still not too late to buy
Here's an analyst's outlook for FTM, MATIC and ENJ tokens
An emerging bullish pattern could push AVAX past $98
Loopring (LRC) could rally to $1.2 in the near term
Zilliqa (ZIL) could accelerate gains by nearly 100% before any major sell
Solana (SOL) looks poised to break above $200