Tezos Slumps above $2.0 Support, May Resume Uptrend

[MRM]

Since August 13, Tezos (XTZ) has been on a downward move. Today, XTZ has fallen to $2.37 low at the time of writing.

The selling pressure reached an advanced stage when sellers pushed price below the $3.50 support. The price corrected upward to retest or break the $3.50 high but was repelled. The resistance plunged the coin to $2.37 low.
Source: https://coinidol.com/tezos-resume-uptrend/

[highnayem34]

The crypto is already below the 20% range of the daily stochastic. It indicates that XTZ is in the oversold region of the market. It indicates that the selling pressure has reached exhaustion. Expectantly, buyers are likely to emerge at the oversold region to push prices upward. The EMAs are sloping southward indicating the downtrend.