Tezos (XTZ) seems to be taking the bullish strides since the beginning of this month. The coin was seen trading mostly in the higher range over the past seven days, even under ongoing volatile movement. The price of XTZ coin was seen fluctuating in the range between $2.11 – $2.57 over the seven-day timeframe.
Tezos Price Analysis
If we look at the price movement of XTZ/USD over the past seven days, the currency was trading at $2.3696 on April 18, and it was trading under the bearish influence. From this price point, it corrected down to $2.2213 by 6.26% decline over the next day. This setback did not deter the price of Tezos coin from moving again in the upper range to reach a high of $2.3486 on April 20.
However, the currency faced rejection above $2.34 and, the price once again traded downwards with tremendous pace & touched $2.1120. Later, for almost the next 24 hours, the XTZ price managed to trade stably above $2.11 mark, and on April 22, it reached $2.1435 with a spike at $2.20 mark.
Further, Tezos started trading in the upward direction and managed to reach a high of $2.5642 on April 23; the upward rally was to the tune of 19.63%. Today, the XTZ price has again gone up slightly to $2.5780. Tezos price continues to surprise the crypto market with its continual positive moves for the past three days.
If Tezos continues to trade with similar momentum, according to the Tezos predictions, it might cross the major resistance $3 in the upcoming days. However, on the downside, it may find the next support around $2.20.