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Tezos Price Prediction Today: Daily (XTZ) Value Forecast – June 12

Tezos Grows More than 90% in 30 Days; What’s Behind This XTZ Price Surge?
  • The crypto’s price is fluctuating between the levels of $1.20 and $1.30 in a tight range.
  • On June 7, the XTZ market reached a high of $1.400 overhead resistance level.

XTZ/USD Medium-term Trend: Ranging

  • Resistance Levels: $1.30, $1.35 ¸ $1.40
  • Support levels: $1.20, $1.15, $1.10

Yesterday, June 11, the price of Tezos was in a sideways trend. The crypto’s price was fluctuating between the levels of $1.20 and $1.30 in a tight range. The 12-day EMA and the 26-day EMA are contracting and trending horizontally indicating that price is in a sideways trend. On June 7, the XTZ market reached a high of $1.400 overhead resistance level. However, the bulls were resisted and the market fell to a low at $1.300 price level.

Buy or Sell Bitcoin and Litecoin

However, the bearish pressure continues as the price fell into the range bound zone. At the upper range, the bulls tested the $1.300 price level on three occasions. The lower price range of $1.200 had been tested by the bears only on two occasions. Meanwhile, the price of Tezos has reached the oversold region of the daily stochastic but below 40% range. This indicates that price is in a bearish momentum and a sell signal.

XTZ/USD Short-term Trend: Bearish

On the 1-hour chart, the XTZ price was in a bearish trend. The 12-day EMA and 26-day EMA are sloping horizontally indicating a sideways trend. On June 11, the crypto’s price fell to a low at $1.22 price level. The price of Tezos also faces resistance at the $1.29 price level. Meanwhile, the price of Tezos has reached the overbought region of the daily stochastic but above 80% range. This indicates that price is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Bitcoin Market Price Chart in RealTime

Source: BEG

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