„Dynamic Trendline“ XTZ kaina gali siekti 2.4 USD

An upcoming ascending trendline carries the new relief rally for „Tezos“ (XTZ) price. Furthermore, this dynamic support assisted buyers in pushing the coin price above the $2 psychological level and jump-start a genuine recovery rally. However, can buyers sustain the supply pressure above the $2 mark?

Pagrindiniai klausimai:

• The XTZ price provides a massive breakout from the $2 resistance level
• The XTZ chart presents a potential bullish crossover between the 20-and-100-day EMA
• Dienos prekybos Tezos moneta apimtis yra 199.7 mln. USD, o tai rodo 243.5% padidėjimą.

Šaltinis- Tradingview

During the first half of May, the intense sell-off plunged the „Tezos“ (XTZ) price to a low of $1.4. However, the buyers mounted stiff support at $1.6 and defended it for another week. 

Thus, the XTZ price witnessed a sideways rally, bounded within the $2 and $1.6 levels. However, with the ongoing relief rally in the crypto market and rising support trend, altcoin spiked 30% in the last six days.

The recovery rally breached the overhead resistance of the $2 psychological level, triggering a minor recovery rally for XTZ buyers. The sustained buying may surge the coin price to the next significant supply zone of $2.4.

However, the XTZ price stuck in the retest phase presented a larger volume activity in concern with price action. Moreover, an evening start at $2 support teases a fallout. 

If sellers succeed, the TRX price will sink back to $1.6 support

Techninis rodiklis.

A slight yet evident bearish divergence on the daily Relative Strength Index (62) suggests a possible fallout from the $2 mark.

However, the recently reclaimed 100-day EMA and rising 20-day EMA indicate the buyers possess multiple support levels to resume the bullish rally. 

• Atsparumo lygis - 2.4 ir 2.6 USD
• Palaikymo lygiai – 1.8 USD ir 1.6 XNUMX USD

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