Bitcoin
BTC$28 035.57

1.66%

Ethereum
ETH$1 775.07

1.02%

Tether
USDT$1.000976

-0.19%

Binance Coin
BNB$323.46

-0.40%

USD Coin
USDC$0.999601

0.01%

XRP
XRP$0.428645

-4.23%

Buyers will try to push the XTZ/USDT pair above the downtrend line


18 Feb 2022

#Tezos

Tezos (XTZ) turned down from the downtrend line on Feb. 10, indicating that bears continue to sell on rallies. The bears will now attempt to pull the price to the uptrend line. The uptrend line has been acting as a strong support since March 2020. Hence, the bulls are likely to defend the uptrend line aggressively. If the price rebounds off this support, the buyers will try to push the XTZ/USDT pair above the downtrend line. If they succeed, the pair could signal a possible change in trend. This positive view could invalidate if the price breaks and sustains below the uptrend line. Such a move could open the doors for further downside.

The 4-hour chart shows the pair is in a firm bear grip. The price has dropped to the 61.8% Fibonacci retracement level at $3.32, which is an important level for the bulls to defend. A break and close below this support will increase the possibility of a drop to the 78.6% Fibonacci retracement level at $2.98 and later to the uptrend line.

The first sign of strength will be a break and close above the 20-EMA. Such a move will indicate that the selling pressure could be reducing. A possible short-term trend change will be signaled on a break and close above the 50-SMA.


Related

Tezos co-founder Arthur Breitman discusses the untapped potential of DeFi
Tezos co-founder Arthur Breitman discusses the untapped potential of DeFi
Why Tezos (XTZ) price broke its downtrend with a 50% rally
Why Tezos (XTZ) price broke its downtrend with a 50% rally
Tezos risks correction below record high with XTZ rallying 250 per cent since July
Tezos risks correction below record high with XTZ rallying 250 per cent since July
4 Best Tezos (XTZ) Wallets in 2019
4 Best Tezos (XTZ) Wallets in 2019
Tezos Will Tokenize British Luxury Property
Tezos Will Tokenize British Luxury Property

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 69.6% 54 $28 035.57 1.66% 4.95% $541 839 096 808 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78% 39 $1 775.07 1.02% 1.84% $217 221 883 335 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000976 -0.19% -0.14% $78 562 701 230 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 76.4% 51 $323.46 -0.40% -2.95% $51 071 426 316 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 94.4% 2 $0.999601 0.01% -0.01% $34 392 573 197 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 85.2% 21 $0.428645 -4.23% 14.37% $21 839 846 254 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 58.8% 82 $0.096384 -19.91% 10.66% $16 714 004 185 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 76% 43 $0.362541 -2.33% 6.05% $12 588 135 268 ADA 7 days price change
9 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 74% 51 $0.075059 -2.95% 0.21% $9 958 117 300 DOGE 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 76.4% 48 $1.11 -1.01% -7.45% $9 708 811 453 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 74.4% 52 $21.67 -0.29% 6.07% $8 316 110 713 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 92% 1 $0.996930 -0.27% -0.39% $8 039 266 757 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 71.6% 49 $6.16 -0.32% -4.71% $7 244 608 987 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 68% 58 $91.86 0.28% 9.72% $6 664 265 906 LTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2023 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.