XTZ has a higher explosive potential after solidifying in the top 10 with a two-digit increase

Today was a great day for crypto investors as the market witnessed some gains that almost filled the losses on "Dark Thursday" last week. This increase has allowed Bitcoin and other altcoins to earn 20% or more, including XTZ.

While this price action may be a symbol of a delayed relief rally, analysts are predicting Bitcoin's current stability in the $ 6,000 region will provide momentum for altcoins. keep raising prices.

Currently, XTZ is growing by 24.95%, causing many analysts to note that its technical power could allow it to rise significantly higher in the coming days and weeks.

The whole market protests

The synthetic cryptocurrency market saw a sharp rally this morning after a long sideways trading.

This movement, led by Bitcoin, has risen from a low of $ 5,100 to a high of nearly $ 6700 at press time.

Bitcoin price hit $ 6800

Many altcoins have increased their prices in tandem with Bitcoin, with the BCH and BSV forks being slightly better than King Coin, while some smaller altcoins like Tezos also showed superiority.

Incredible XTZ 1

XTZ is solid in the top 10

At the time of writing, Tezos is trading at the current price of $ 1.83, marking a noticeable increase from the daily low of $ 1.35 set before the rally this morning.

Incredible XTZ 2

With this strong upward momentum, analyst Ledger said that he is currently raising prices on Tezos, giving the chart showing the target set at around $ 2.26.

Ledger's short-term price objective closely matches where its strong resistance exists.

UB analyst has the same opinion, explaining that he is targeting $ 2.00.

“I am in the middle of an EQ. Disable if below the blue area. I am looking for a bullish move to the high confluence zone with HTF resistance. I will play most of my position there. ”

Unless Bitcoin loses momentum and plummets in a short span of time, it seems that many cryptocurrencies like Tezos can find impetus to carry out further protests.

You can see the price of XTZ here.

Disclaimer: This is not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.


According to Cryptoslate

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