XTZ/USD Touches the Daily High of $1.187

The Tezos price prediction renews the bullish trend after crossing above the upper boundary of the channel to touch the daily high at $1.18.

Tezos Prediction Statistics Data:

• Tezos price now – $1.13
• Tezos market cap – $1 billion
• Tezos circulating supply – 924 million
• Tezos total supply – 945 million
• Tezos Coinmarketcap ranking – #47

XTZ/USD Market

Key Levels:

Resistance levels: $1.40, $1.50, $1.60

Support levels: $0.90, $0.80, $0.70

XTZ/USD is currently following an upward roll as the coin moves to cross above the upper boundary of the channel. The Tezos price is hovering above the 9-day and 21-day moving averages. However, a possible bullish cross above the channel may keep the coin on the higher side.

Tezos Price Prediction: Tezos (XTZ) Could Move into the Higher Side

At the time of writing, the Tezos price is recovering towards the resistance level of $1.20. Meanwhile, the initial break above the 9-day and 21-day moving averages boosted the price up; the Tezos (XTZ) could create additional highs if the coin crosses above the channel. From above, more hurdles may come into play, and of course, the nearest resistance level may be located at $1.20.

However, the trend remains in the hands of the bulls supported by the technical indicator where the Relative Strength Index (14) crosses into the overbought region, Meanwhile, a break above $1.20 and $1.30 resistance levels could push the coin to hit the potential resistance levels of $1.40, $1.50, and $1.60 while a break below the 9-day and 21-day moving averages could lead to the supports of $0.90, $0.80, and $0.70 respectively.

Against Bitcoin, the Tezos price is consolidating to the upside and trading above the 9-day and 21-day moving averages. However, the bears are likely to bring the price towards the lower boundary of the channel; moving near this barrier could take the price to the support level of 4200 SAT and below.

However, if the coin decides to follow the uptrend, crossing above the upper boundary of the channel could bring it to the potential resistance level of 5700 SAT and above. Meanwhile, the technical indicator Relative Strength Index (14) is moving above the 50-level, suggesting more bullish signals in the market.

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