Tezos Price Analysis – 1st December 2021
Tezos Price Analysis - 1st December 2021
Tezos Price Analysis – 26th February 2021
On the daily chart for XTZ/USD, the 50-day and 200-day Exponential Moving Average bullishly crossed in January, leading price to new all-time highs.
Tezos Price Analysis – XTZ/BTC near all-time lows
XTZ/BTC sits near all-time lows with growing bullish divergence, which is suggestive of waning bearish momentum. Mean reversion targets could slingshot XTZ/BTC 3x over the next few months.
Tezos Price Analysis – Active addresses continue to make record highs
Monthly active addresses have continued to increase since January 2019 and have repeatedly made all-time highs.
Tezos Price Analysis – Bearish exhaustion on the horizon
Technicals for both the XTZ/USD and XTZ/BTC pair show bearish trend metrics with spot prices far below the 200-day EMA and daily Cloud.
Tezos Price Analysis – Technicals heavily bearish despite strong on-chain growth
The recent boom for DeFi related coins, and the related Tezos on-chain growth, has likely temporarily sucked buy-side demand away from XTZ in the near term. However, technicals for both the XTZ/USD and XTZ/BTC pair show bearish trend metrics.
Tezos Price Analysis – Smart contracts and dapps have yet to take hold
The recent boom for DeFi related coins has likely temporarily sucked buy-side demand away from XTZ in the near term. Nonetheless, announcements this week that the French Central Bank plans to experiment with Tezos for a Central Bank Digital Currency have bouyed the project - and network fundamentals reflect a nascent chain with rising daily transactions and increasing active addresses over the past year.
Tezos Price Analysis – A bullish but comparatively sluggish market
The XTZ/USD market saw a 75% drawdown from the all-time high in March, which mirrored the wider crypto markets. Thus far, the upside recovery has been relatively sluggish compared to other high cap coins, despite the nearly 200% bounce from the bottom.
