Tezos long-term Price Analysis: 10 December

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Tezos long-term Price Analysis: 10 December

Priced at $2.52, Tezos was the 19th largest cryptocurrency in the crypto-market, at press time. While the coin did suffer a fatal crash as Bitcoin slipped on 26 November, unlike most altcoins, recovery has been tough for XTZ.

Before the crash, Tezos was accumulating, the price had just moved out of the accumulation zone, and it was on a bull run. However, Bitcoin’s price drop thwarted its uptrend. This article will take a look at what’s in store for Tezos’s price from a medium to long-term perspective.



The attached chart highlighted the aforementioned accumulation that led to the breakout of the price from the lower $1.79-range to $2.97. However, at press time, XTZ was noting a value of $2.1, showing signs of a bullish bias.

The price had also broken out of the ascending broadening wedge, a development that was caused by the recent Bitcoin drop.

Learn more about the analysis here.