Tezos (XTZ) Witnesses an Exceptional Week; Gained 22.74% Value

• Tezos has fetched a 22.74% price increment over the last week, and it is currently placed at $3.2112
• It may soon touch the next resistance point a $3.53

XTZ coin seems to have unscathed by the overall bearish momentum of the market. Over the last week, it has been soared by a whopping 22.74%, and it is currently being traded at $3.2112. It is likely to retain its gaining spree in the short-term.

Tezos Price Analysis

On February 11, Tezos price was at $2.6161, and in the next day, it was up by a massive hike of 42.96% that took the XTZ price to the monthly highest figure at $3.7399. From this high, the Tezos price started trading under the strong bearish impact, and in the next 4 days, it corrected down to $2.77 by 25.91% fall. Then, over the last 24 hours, Tezos coin has witnessed a strong price recovery to the extent of 14.41%, and this swing took the price to $3.1704 from $2.7710.

The current price of XTZ is at $3.2112, and it is trading above its short-term moving averages viz., 50 days MA and 20 days MA by a marginal difference. The RSI of Tezos coin is at 60. The currency may trade upwards in the near-term. As per our experts’ Tezos Price Forecast, it is likely to have its next resistance point at $3.53.