Tezos Price Analysis: XTZ/USD continues to moon in tandem with Bitcoin’s surge past $10k
- Tezos price spiked by over 15% cementing XTZ’s tenth position on the market.
- Tezos bulls desire to see the price above $0.28 and $0.30 for the first time in the token’s history.
Tezos (XTZ) has been one of the best performing cryptocurrencies in the industry. The price has broken various barriers to achieve new all-time highs around $2.7561. XTZ for the first time in its history made it into the top ten bracket.
At the time of writing, XRZ is doddering at $2.6809 after increasing in value by over 15% in the last 24 hours. As Bitcoin broke above $10,000 hurdle over the weekend, Tezos aimed for the barriers at $2.8 and $3.0 respectively. However, the price fell short of the all-time high on hitting a snag at $2.7260.
Tezos is sitting comfortably in the tenth position according to the data provided by CoinMarketCap. It has a market capitalization of $1.8 billion. In the last 24 hours, $208 million in trading volume has been exchanged. Tezos has a circulating supply of 694,191,974 XTZ tokens.
Tezos price technical picture
Tezos is strongly in the hands of the bulls, who have no plan of stopping the bullish action. The MACD’s bullish divergence signals that price movements upwards could continue throughout this week. The main focus is on breaking the resistance at $2.8 and $3.0 in that order. While the momentum is bullish, pullbacks cannot be ignored. Therefore, support is expected at $2.2, $1.6 and $1.2. The 50 SMA and 200 SMA in the daily range will also function as key support lines.
XTZ/USD daily chart
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Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
