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XTZ Price Analysis: Tezos Continues Uptrend Amidst Staking

Tezos had an effective year so far with a 185% YTD return. XTZ has been listed on many exchanges this year so far. Recently, Binance has added zero-fee Tezos staking on its exchange. Even Coinbase announced Tezos staking. As a result, the Tezos (XTZ) price has gained a surge since the announcement.

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Tezos Price Analysis:

Tezos is currently 11th in the Coinmarketcap list as per market capitalization. The XTZ is trading at $1.44 USD with an 11% price hike as of writing. The XTZ/BTC price is 0.00018988 BTC with a 9.02% hike. The 24 hr volume has reached $46,233,412 USD as compared to $38,711,970 a day earlier.

The XTZ price one day chart shows steady growth from $1.30 USD to $1.44 as of writing.

XTZ Technical Analysis

Technical analysis shows that the XTZ/USD pair is still technically bullish. With an increased interest in Tezos all over the crypto space, XTZ tends to continue the uptrend.

  • RSI – According to the RSI indicator, Tezos price is nearing 70-level and is seeing a bullish surge
  • MACD – The MACD indicator also shows surging above the 0 level depicting its uptrend.

Tezos shows tremendous upside potential over both the short and medium-term. Bulls now need to stabilize the cryptocurrency to secure further gains.

Do you think XTZ price will continue its uptrend? Let us know on Facebook and Twitter pages.

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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