Tezos Price Analysis: XTZ/USD pushes to all time highs once again

Tezos trades 2.36% higher on Thursday as it hits another all-time high.
The altcoin is one of the best performers this year and 2.2489 is the next target for the bulls.

Rajan Dhall, MSTA FX Daily

XTZ/USD 1-Hour Chart

Tezos holders must be happy at the moment as the XTZ/USD price made another all-time high again today.

The hourly chart below shows the buyers came in once again ahead of the 2.100 level to push the price higher.

Now a break of 2.2489 is the level to beat for another all-time high to be created.

If we do get a pullback, support could come at 2.0806 and below that 1.9000.

The market seems to be backing this move as the volume at the bottom of the chart looks strong.

The daily chart below shows the break higher after the old highs were breached. Interestingly, look at the volume increase, it shows how bullish this market is at the moment.

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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