Tezos Price Prediction for Today, January 3 – XTZ Technical Analysis

According to the Tezos price prediction, XTZ is currently rising and could rise further, opening with a steady rise above the $1.10 resistance.

Tezos prediction statistical data:

• Current Tezos price – $1.08
• Paper market capitalization – $1 billion
• Tezos circulating supply – 965.5 million
• Tezos total supply – 986.5 million
• Tezos Coinmarketcap Ranking – 66th

XTZ/USD Market

Main level:

Resistance levels: $1.20, $1.25, $1.30

Support levels: $0.90, $0.85, $0.80

XTZ/USD is trading in the green today as the price remains above its 9-day moving average. Meanwhile, a daily close above the channel cap could push the Tezos price higher towards the $1.15 resistance level. However, traders should note that as bulls increase their positions, continued price increases may force more buyers to enter the market.

Tezos Price Prediction: Tezos Price May Start Rising.

According to the daily chart, if Tezos price stays above the 9-day moving average, it is likely to cross the channel upper limit. In that sense, the daily chart shows that if the 9-day moving average stays above the 21-day moving average, the presence of bullishness in the market can be confirmed.

Conversely, if bulls fail to push the coin higher, bears can take advantage and push the market price towards the lower boundary of the channel. However, if the Tezos price rises and crosses above the channel, touching the resistance level of $1.15, we will find potential resistance levels of $1.20, $1.25, and $1.30, but if it slides below the lower border of the channel, the price may reach the support level of $0.90. , $0.85, $0.80.

XTZ/BTC is trading positively

Compared to Bitcoin, Tezos price is hovering above its 9- and 21-day moving averages as the coin prepares for a bullish move. However, the coin may cross above the upper boundary of the channel, which could lead to resistance levels above 2800 SAT.

Conversely, if sellers take the market south, traders can expect a bearish decline below the lower boundary of the channel, a break of which could find support below 2200 SAT. Meanwhile, the 9-day moving average is hovering above the 21-day moving average, giving more bullish signals to the market.

Alternatives to Tezos

For now, the price of Tezos could potentially maintain an upward trajectory if buying activity intensifies. Nonetheless, for XTZ/USD to experience a change in momentum, bulls may need to push the price above the channel, considering that the nearest resistance level appears to be near the upper border of the channel.

However, Bitcoin Minetrix is ​​making waves as a vibrant, forward-thinking token that sets it apart from Tezos (XTZ), which holds a notable market position with a market capitalization of $1 billion, although its size may limit its growth potential. In contrast, Bitcoin Minetrix offers a new perspective through its decentralized cloud mining platform. The pre-sale of the token has proven to be very successful, currently amassing nearly $7.5 million in the pre-sale phase.

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