Tezos Price Prediction for Today, December 22 – XTZ Technical Analysis

Over the past few days, Tezos price predictions have been showing incredible intraday gains, rising to $1.01.

Tezos prediction statistical data:

• Current Tezos price – $0.98
• Tezos market cap – $150 million
• Tezos circulating supply – 767.5 million
• Tezos total supply – 1 billion
• Tezos Coinmarketcap Ranking – #287

XTZ/USD Market

Main level:

Resistance levels: $1.10, $1.15, $1.20

Support levels: $0.80, $0.75, $0.70

XTZ/USD is pushing the market price above the 9-day and 21-day moving averages. Moreover, the price of Tezos is hovering above $0.95 to trade at $0.98 at the time of this writing. However, XTZ appears to be gathering bullish momentum following a sustainable breakout above a critical technical level.

Tezos Price Prediction: XTZ Price Is Heading North

On the other hand, if Tezos price breaks above the upper boundary of the channel, the price may touch the nearest resistance level at $1.05. Meanwhile, technical indicators show that the bulls are still in play, especially when the 9-day moving average continues to move above the 21-day moving average. A further upward move above the channel could push the price towards the resistance levels of $1.10, $1.15 and 1.20.

On the other hand, if the price falls below the moving average, the market may be range-bound or in a downtrend. When this happens, it can be a huge blow to market sentiment as traders may interpret it as a sign of underlying weakness. The nearest support level is $0.95, which could be followed by $0.80, $0.75, and $0.70 support levels.

XTZ/BTC may begin a bullish move

Compared to Bitcoin, Tezos (XTZ) is hovering around the SAT 2288 level. Meanwhile, if the price falls, sellers can pose an additional threat to buyers, thus bracing for a downtrend in the coin, which could reach the nearest support level of 2100 SAT, where the nearest target is located. However, if the current market value of 2000 SAT is likely to fall, the coin may collapse.

So, in case of an upward move, the key resistance level would be above 2500 SAT, while a negative peak could test the key support level below 1900 SAT. Nonetheless, the 9-day MA remains above the 21-day MA, allowing new buyers to enter the market.

Tezos Alternatives

For now, the Tezos price could maintain its upward trajectory if bullish activity intensifies. Nonetheless, for XTZ/USD to experience a change in momentum, bulls may need to push the price above the current channel, considering significant resistance levels within the market are near the $1.00 level.

Meanwhile, Bitcoin Minetrix is ​​emerging as a dynamic and innovative token that differentiates itself from Tezos (XTZ). Tezos boasts a significant market presence with a market capitalization of $150.4 million, but its massive market cap may leave it with no opportunities to earn more. Bitcoin Minetrix is ​​introducing a new approach with its decentralized cloud mining platform, with surprising success, including raising nearly $5.8 million in its ongoing pre-sale phase.

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