Tezos (XTZ) Price Prediction 2022
Tezos (XTZ) Price Prediction 2022
Tezos (XTZ) holds the 43rd position on CoinGecko right now. XTZ price prediction 2022 is explained below with a daily time frame.
The above chart of Tezos (XTZ) laid out the Descending channel pattern. Descending Channel. It is also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, Tezos (XTZ) is in the range of $1.790. If the pattern continues, the price of XTZ might reach the resistance levels of $4.014. If the trend reverses, then the price of XTZ may fall to $0.845.
Tezos (XTZ) Support and Resistance Levels
The chart below shows the support and resistance levels of Tezos (XTZ).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Tezos (XTZ).
Resistance Level 1 $1.840
Resistance Level 2 $2.250
Resistance Level 3 $2.931
Resistance Level 4 $4.097
Support Level 1.296
XTZ Support & Resistance Level
The charts show that Tezos (XTZ) has performed a bullish trend over the past month. If this trend continues, XTZ might run along with the bulls overtaking its resistance level at $4.097.
Accordingly, if the investors turn against crypto, the price of Tezos (XTZ) might plummet to almost $1.296, a bearish signal.
Fundamental :
Tezos (XTZ) Current Market Status
According to CoinGecko, the price of Tezos (XTZ) is $1.77 with a 24-hour trading volume of $43,215,813 at the time of writing. However, XTZ has decreased by nearly 7.4% in the last 24 hours.
Moreover, Tezos (XTZ) has a circulating supply of 896,925,598 XTZ. Currently, Tezos (XTZ) trades in cryptocurrency exchanges such as Binance, FMFW.io, Upbit, OKX, Coinbase Exchange and WhiteBIT.
What is Tezos (XTZ)?
Tezos (XTZ) is the native cryptocurrency of the Tezos. Tezos is an open-source, smart contract-based blockchain that facilitates the creation and development of smart contracts and dApps.
The blockchain is secured by a modified proof-of-stake (PoS) called liquid proof-of-stake (LPoS). Transactions are added onto the blocks and validated by group of validators called bakers and endorsers. Bakers are the ones who stake XTZ tokens and create new blocks. While endorsers validate the blocks.
Users can stake Tezos (XTZ) tokens to validate blocks and secure the blockchain. Token holders receive voting rights and participate in the network’s governance.
Tezos (XTZ) holds the 43rd position on CoinGecko right now. XTZ price prediction 2022 is explained below with a daily time frame.
The above chart of Tezos (XTZ) laid out the Descending channel pattern. Descending Channel. It is also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, Tezos (XTZ) is in the range of $1.790. If the pattern continues, the price of XTZ might reach the resistance levels of $4.014. If the trend reverses, then the price of XTZ may fall to $0.845.
Tezos (XTZ) Support and Resistance Levels
The chart below shows the support and resistance levels of Tezos (XTZ).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Tezos (XTZ).
Resistance Level 1 $1.840
Resistance Level 2 $2.250
Resistance Level 3 $2.931
Resistance Level 4 $4.097
Support Level 1.296
XTZ Support & Resistance Level
The charts show that Tezos (XTZ) has performed a bullish trend over the past month. If this trend continues, XTZ might run along with the bulls overtaking its resistance level at $4.097.
Accordingly, if the investors turn against crypto, the price of Tezos (XTZ) might plummet to almost $1.296, a bearish signal.
Fundamental :
Tezos (XTZ) Current Market Status
According to CoinGecko, the price of Tezos (XTZ) is $1.77 with a 24-hour trading volume of $43,215,813 at the time of writing. However, XTZ has decreased by nearly 7.4% in the last 24 hours.
Moreover, Tezos (XTZ) has a circulating supply of 896,925,598 XTZ. Currently, Tezos (XTZ) trades in cryptocurrency exchanges such as Binance, FMFW.io, Upbit, OKX, Coinbase Exchange and WhiteBIT.
What is Tezos (XTZ)?
Tezos (XTZ) is the native cryptocurrency of the Tezos. Tezos is an open-source, smart contract-based blockchain that facilitates the creation and development of smart contracts and dApps.
The blockchain is secured by a modified proof-of-stake (PoS) called liquid proof-of-stake (LPoS). Transactions are added onto the blocks and validated by group of validators called bakers and endorsers. Bakers are the ones who stake XTZ tokens and create new blocks. While endorsers validate the blocks.
Users can stake Tezos (XTZ) tokens to validate blocks and secure the blockchain. Token holders receive voting rights and participate in the network’s governance.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.