Tezos (XTZ) has been trying to move away from the continual bear pressure since the year beginning, but it was continuously trading with a downside momentum. The past week’s price trend for the XTZ coin has seen the price mostly moving in the lower range due to the crypto market price crash though the currency has managed to put up a good fight with the bears, with the price fluctuating between the range of $1.17 – $2.45.
Tezos Price Analysis
XTZ coin has had a bearish week though the coin tried to recover at regular intervals, as seen from its price trend. The price of Tezos coin started on a high note on March 12 at $2.4547, but then, it faced a tremendous fall of 52.47%, and the price touched $1.1709 on the next day. After hitting $1.17, the currency managed to recover on the same day and reached $1.9198 by a massive hike of 63.95%. After this hike, the XTZ coin again fell and touched a $1.44 price mark, and then recovered to $1.81.
From March 14, Tezos coin started correcting downwards, and in the next two days, it fell to $1.1881 by a decline of 25.48%. After this sluggish movement, XTZ coin started recovery, and the price reached $1.3892 by 16.93% hike. At the time of writing this article, the currency was trading at $1.4144. Tezos price has been continually fighting the bear pressure from the last few days. Trade99’s analysts expect the short term to be bearish but expect XTZ to pick itself up for a stable upward swing during the year.