- Tezos price has shown its winning spree the last week with upward momentum
- The continuation of the current growth may push the TRX value to further $2.74, the next resistance point
Tezos coin has followed the market trend and achieved an almost 30% hike over the last week. However, the growth has not been very stable; it has shown four major price swings in this period. The current bullish spree is likely to stay with XTZ coin for the short-term.
Tezos Price Prediction
XTZ coin was trading at $2.02 on February 04, and in the next two days, the price was up by 10.90% and got placed at $2.24. Then, the currency traded moderately for some time and later faced a price correction of 10.05% that cost it $0.2250 and pulled the Tezos price down to $2.0130 by February 08. However, the coin couldn’t remain at this low for long, and over the 24 hours, the price increased steeply and reached the weekly high point at $2.91 by February 09. From the last two days, the price of Tezos coin has been dropped by another 11.50% and confined to $2.57.
At the time of writing, Tezos price analysis, the coin started downward correction, and as per Trade99’ analysts, the price may test its next support around $2.48. If we look at technicals, XTZ price is trading above its 50 days MA and 20 days MA by a marginal difference. It may trade upwards after testing the nearest support level. Intraday investors need to watch for any unprecedented ups and downs to avoid losses.