- XTZ token price at $5.90 breached and trying to sustain above the EMA Ribbon with a gain of 0.25% in 24 hours.
- The volume of 24-hour in XTZ maintained at $447,325,058 with a rise of 178%
- The XTZ/BTC currently values at 0.0001057, with a positive return of 5.90%
The 4-hour technical chart of XTZ token price action projects a beginning of bullish momentum. According to pivot points, XTZ’s basic support level is $3.90. While on the other hand, if it moves up, the critical resistance level to watch is $7.80. Whereas the intraday chart, it finishes a bullish engulfing candle with a wick, and projecting bulls are in control of the coin.
While looking at the Stochastic RSI (BULLISH) – Provides us with a value of K-93 (blue) and D-88 (orange), Presenting a bullish scenario in XTZ token. Moreover, the investors may perceive a positive slant from 4 to 93 in the index, and it may surge in future trading sessions.
The Moving Average Exponential Ribbon consists of 8-EMA, ranging from EMA 20-55, acts as solid support in the asset price action. Investors may observe the ribbon has started to expand, and the price intersects above the ribbon, so until the price remains sustain above the ribbon, XTZ’s bullish trend is ensured.
The volume of (2.27M) is below the Volume MA (3.08M) of 20-days. Massive buying pressure is required in Tezos to drive its price to excessive levels. Investors may also observe moderate volume in the asset, which indicates that price action may soar in future trading sessions.
Tezos (XTZ) Token Requires Massive Buying Volume
XTZ token price traded at $5.90 with a gain of 0.25% over recent 24-hour and an increase of 8.52% in the weekly period. Besides, XTZ intersects above the EMA Ribbon, leading the price to soar in future trading sessions. Conversely, the market capitalization maintains at $4.55 billion. Technically, investors can see a beginning of a positive trend, and the price is sustaining above the EMA Ribbon. The Stochastic RSI index features a positive slant and values in an overbought region. Additionally, the price movement can be towards the resistance of $7.80 in future trading sessions.