Tezos (XTZ) began the ongoing year on a low note, but later it started going with a steady upward momentum even with volatility. If we look at the price movement of the past seven days, XTZ coin has reflected heavy fluctuations, with the price being traded in the range of $2.80 – $3.51.
Tezos Price Analysis
XTZ has been trying to push itself out of the bearish momentum as visible from the price movements of the past seven days. The coin was trading at $3.0545 on February 14, and then it marked an upward rally on the next day at $3.5137 showing an upswing of 15.34%. The price of Tezos coin again corrected down on the same day and reached a low of $3.0844 showing a downward movement of 12.11%. The coin continued to withstand bear pressure at regular intervals and moved up to $3.2561 on February 16, and the recovery was to the extent of 5.75%. On the same day however, there was a momentary hiccup when Tezos price dropped to $2.8342 showing a fall at 12.90%.
With the volatility continuing in the crypto market, the price of XTZ moved up to $3.2356 on the same day, the upward movement being at 14.16%. On February 17, the currency had again fallen to $2.8025 by a massive drop of 13.39%. On the next day, Tezos coin marked a sharp upward move to the extent of 25.45% and reached $3.5156. The volatility in the crypto market has again affected the coin as the price has again slid to $3.4205 today.
XTZ coin is trading under the rising channel and as per Trade99’s analysts, the currency may trade with upward momentum and will reach new heights. Investors should continue to hold on to their investments from a long-term perspective. Day traders can continue to trade by having a cautious approach.