Tezos Price Prediction – Will XTZ Price hit above $10 in 2021?

This Tezos (XTZ) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our XTZ price analysis and prediction.

Over the past few weeks, the crypto market seems to be making a fast recovery. After the dip in the past two months, the crypto market has either remained stable or was growing steadily. At the moment, it seems that the digital asset industry might finally be on the up and up again.

Will XTZ experience the same price volatility? We’ll find out soon in this XTZ price analysis 2021 article. But first, let’s have a look at what XTZ is.

What Is Tezos?

Tezos is a cryptocurrency and blockchain ecosystem that allows people to create smart contracts and decentralized applications (DApps). It describes itself as a self-amending ledger that is backed by validators from all around the world.

Launched in October 2018, Tezos is currently headquartered in Luxembourg. The project raised a whopping $232 million worth of BTC and ETH through an ICO from June 2017. It is also the brainchild of Arthur and Kathleen Breitman, who started working on the project in 2014.

Tezos has an albeit colorful history, which has inadvertently prevented it from becoming one of the best cryptocurrencies to invest in 2021. But to be fair, Tezos has remained committed to its vision despite its initial issues. It remains one of the most competitive cryptocurrencies to invest in today, all taken into consideration.

Now that we are clear about XTZ do you think XTZ will be beneficial crypto in 2021? Join me and let us see the charts in this XTZ price analysis and XTZ price prediction.

Tezos (XTZ) Current Market Status

As of the time of writing this Tezos price analysis, XTZ trades at $3.24 with a 24-hour trading volume of $147,547,222. The price of XTZ has increased by 3.07% in the last 24 hours. Currently, the top cryptocurrency exchanges for XTZ are Binance, FTX, OKEx, Bybit, and Tokocrypto. Now, let’s go to the next part of this XTZ technical analysis for 2021.

That said, is Tezos a good cryptocurrency to invest in 2021? Let’s find out in this Tezos price prediction 2021 article.

Tezos (XTZ) Price Analysis 2021

Currently, XTZ holds 49th place on CoinGecko. But will the latest upgrades, development, and changes in the XTZ blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this XTZ price prediction article.

Based on the chart above, Tezos positions itself along with the raging bulls. Today, XTZ trades at a high price of $3.24 with a 7-day increase rate of +5.8%.

In addition, we can see that Tezos recently performed a double bottom pattern. The double bottom pattern shows two low points which develop near a similar horizontal price level which can be described as ‘Demand Zone’ and that represents a possible bullish reversal signal. Moreover, a measured price surge will take place between the two low points, showing some support at the price lows.

In other words, XTZ is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with Tezos. Conversely, if the bulls turn against the crypto, the price of XTZ might fall.

The Relative Strength Index (RSI) is at 67.86, which means that XTZ is in a nearly overbought state. With this traders need to stay cautious while trading, turning away from further losses.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of XTZ

Since the start of 2021, XTZ’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, XTZ has a competitive market this 2021.

Tezos (XTZ) Price Prediction 2021

The chart below shows that XTZ has performed great over the past few days. Moreover, the XTZ price shows a bullish trend. If this trend continues, XTZ might run along with the bulls, overtaking its $5.87 resistance level and move even higher to $10.

Conversely, if the investors turn against the crypto, the bears might take over and push XTZ from its uptrend position. In simpler terms, the price of XTZ might decrease to almost $2.8, a bearish signal.

Meanwhile, our long-term XTZ price prediction 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

Tezos (XTZ) Price Prediction 2022

If this bullish trend continues, Tezos will reach $15 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $16.5. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $15 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Tezos (XTZ) Price Prediction 2023

If XTZ holds the resistance level around 200-MA, the long term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $28, making it not plummet but play consistently.

Tezos (XTZ) Price Prediction 2024

As per the latest upgrades, developments, XTZ price prediction, and new project forecasts of the platform, XTZ investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of XTZ in the crypto market, and it will be the best investment as the price can spike and reach around $35.

Tezos (XTZ) Price Prediction 2025

In the next four years, XTZ prices could race up to $50. However, reaching this level could not be so difficult for XTZ as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XTZ has a high possibility of reaching new ATH soon in the next five years as per the prediction.

Conclusion

Tezos has a bright future ahead of it in 2021. With the ongoing developments happening within the XTZ ecosystem, as well as in the overall crypto market, we may see XTZ reach new heights.

Bullish XTZ price prediction 2021 is $10. As said above, it may even reach its new ATH if investors have decided that XTZ is a good investment in 2021, along with mainstream cryptocurrencies.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies. 

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