Tezos long-term Price Analysis: 26 November

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Tezos long-term Price Analysis: 26 November

Tezos‘s price seemed tense after suffering a brutal drop of 26% in 12 hours. The aforementioned drop was a result of Bitcoin’s 12% drop over the same timeframe. While the correlation of altcoins with Bitcoin has predominantly existed for a long time, it had fallen over the last quarter. Then again, intense Bitcoin drops are bound to drag altcoins like Tezos down.



Tezos’s price movement since before October fit the exact accumulation pattern developed by Richard Wyckoff. The price didn’t form a spring/test, however, it managed to break higher [45%] from its LPS, as mentioned above.

Learn more about the analysis here.